REALTY BECKONS NRIS

NON-RESIDENT INDIANS’ INVESTMENT IN PROPERTY IS ON THE RISE

dubai — A favourable exchange rate coupled with regulatory reforms present an unprecedented investment opportunity for NonResident Indians (NRIs) looking to buy Indian real estate. With the rupee depreciating against the dollar, NRIs have more purchasing power for investments back home.

Reforms such as the Real Estate (Regulation and Development) Act and introduction of escrow accounts have made Indian real estate more transparent and increased developers’ accountability in terms of possession deadlines and quality of construction. This will inspire more NRIs to regain confidence to invest in India.

Major Indian developers will be out in full force to attract NRIs at the India Real Estate Show 2018 organised by Khaleej Times and Indiabulls Home Loans at Crowne Plaza, Dubai, on October 26 and 27, 2018.

“With the recent depreciation in the rupee’s value, the attractiveness of the Indian real estate sector among the NRI community seems to have increased further with a rise in the number of enquiries. Moreover, as the festive season sets in, the developers are