Non-resident Indians have been among the most significant contributors to India’s residential real estate market for several years now. Their interest has remained consistent and in many cases has grown despite the increasing complexity of India’s tax and regulatory environment.
While the Foreign Exchange Management Act and evolving tax rules create a perception of barriers, there is a continued inflow of NRI investments into Indian housing, which tells a different story. The motivation behind this trend lies in a mix of emotional, financial and structural reasons that continue to make India a preferred real estate destination.
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To begin with, the regulatory framework, though can be stringent in some spheres, is clear and workable.
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