The vast scope of foreign investment in India!
Normally, NRI investors tend to be of two breeds - those who want to earn decent returns on their investment and those who buy property for their family in India. NRIs must know legal formalities before capitalizing in real estate market. If you are an NRI who is bordering on invest in real estate, then you should take a worthy look at the provisions enclosed in the Foreign Exchange Management Act (FEMA) as well as the Income-tax Act. Under construction properties are excessive risks for those investing in residential property. There are probabilities of delays and often these postponements are beyond the control of the developer. For example, there might be policy changes or genuine raw material shortages. But if you pick a reputable developer so you can trust on your property. Still, you need to formulate yourself to spare 24 months delay on the under construction establishments. Devaluation in Indian rupee's over the past few months has been a thriving for the NRIs...