India is fast emerging as a lucrative investment destination for NRIs because of its growing economy. The Indian economy offers various NRI investment options. Also, it offers higher returns on the funds as compared to the US and other European countries.
What are the Various NRI Investment Options available in India?
Investment in Mutual Funds.
Investment in Equity Markets.
The real estate sector in India is fast emerging as an attractive investment destination, for NRIs. The highly unorganized real estate sector in India is undergoing self-organization because India has huge market potential in real estate, today. Therefore, it is important to be aware of Indian law and popular questions that NRIs tend to ask before they make real estate investments in India.
Under Indian Laws, gift tax was payable by the donor up to 30th September 1998, The Gift Tax Act, 1958 was repealed with effect from 1st October 1998 and therefore, there is no gift tax on gifts made on or after that date. Indian law allows NRIs to gift anything to one's relatives as long as they have the capacity to buy those gifts and the gifts are genuine.
Everywhere you look, be it in TV ads or newspaper ads or even hoardings next to your home, you will find a vast array of India home loans offered by various banks.
Non Resident Indians (NRIs) are permitted to invest in real estate in India, without being subject to caps on the number or quantity of investments. The Indian Government gives preferential treatment to the NRIs to bring in valuable foreign exchange. NRI real estate investment is, however, governed by certain rules under the Foreign Exchange Management Act, 1999.