Changing Scenario Of Indian Real Estate Article

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Changing Scenario of Indian Real Estate

Allowing Foreign Direct Investment (FDI) and encouraging NRI investment in the real estate market of India has provided major boost to the industry. The government including Reserve Bank of India (RBI) and Foreign Exchange Management Act (FEMA) has liberalized the rules and regulations for the NRIs

Author: Amitabh Kumar

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The Indian real estate market is slowly and gradually getting organized to become one of the largest contributors to the economy. With a lot of investment flowing in from various sources the real estate sector has got more attention from the government and things are getting organized. A sense of confidence has been infused amongst the investors which has further augmented the investment. The transactions have become a lot more transparent and property is being considered as a safe investment option.

The government has played a vital role for making the real estate a lucrative proposition. They have supported the builders and developers to create world class properties by way providing them adequate finance for their projects and making the land available to them. Apart from this, certain policies are being formulated to facilitate the real estate transactions and make the system more transparent. Allowing Foreign Direct Investment (FDI) and encouraging NRI real estate investment in India has provided major boost to the industry. The government including Reserve Bank of India (RBI) and Foreign Exchange Management Act (FEMA in India) has liberalized the rules and regulations for the NRIs to make investment in real estate in India.

Both the NRIs and the persons of Indian origin are being encouraged to invest in properties in India. The NRIs can invest in both residential as well as the commercial properties in India. There is also no kind or restriction as to the maximum number of properties that can be bought. Although there are some restrictions as far as purchase of an agricultural land or farm house is concerned. NRIs also get full support for the finance required for the purchase of the properties. Even more to diversify their portfolio investment in India, Indian government has introduced more relaxed regulation for non-resident Indians/ people of Indian origin.

Indian real estate has evolved as a huge industry in past few years and as per industry sources this boom will continue for a good time to come. Indian government is also making huge revenues by selling the land to builders for various projects. On the other hand, government is also contributing by way of providing the infrastructure support and promoting the investment in the real estate sector.

About Author

Amitabh Kumar, a writer by profession has been part of content research team of magazines, journal dealing with NRI, non resident Indian news, stories, and issues. Presently he is content writer in NRI News based website emphasizing on NRI News, property investment scenario in India.

Article Source: http://www.1888articles.com/author-amitabh-kumar-1406.html

Changing Scenario of Indian Real Estate