Upto 2000 Acres of aquisition in progress suitable for solar power project.
The Real Estate Regulation and Development Act, 2016 (RERA) has significantly motivated NRIs to invest in India by providing clearer regulations and a more stable pricing landscape.
With RERA in place, developers are now fully accountable for completing projects on schedule, resulting in a smoother experience. They are required to keep authorities informed about project progress. If there are delays, builders are responsible for paying interest until the project is delivered, providing added assurance.
Clarity on Carpet AreaBefore RERA, buyers were often presented with super built-up areas that included unnecessary elements, resulting in less space than expected. Now, RERA emphasizes carpet area, giving prospective buyers clearer information about the property size.
Visa policies in countries like the US, UK, and Australia are becoming increasingly strict. The rigorous processing and zero tolerance for minor errors have made it challenging for highly-skilled workers, particularly in the technology sector, to establish residency abroad. As a result, NRIs are eager to create a backup plan for settling in India if visa restrictions persist.
A recent survey indicated that nearly two-thirds of respondents expressed a desire to settle in India after retirement. This trend has led to an increased interest in senior living options, with around 90% of NRIs indicating their willingness to invest in senior housing.
Over 75% of NRIs prefer to invest in their hometowns. Many NRIs also wish to return to their hometowns as their children grow, wanting them to experience Indian traditions and values. After spending years abroad, some NRIs yearn for the Indian lifestyle, families, and friendships, prompting a desire to return.
Funds from potential buyers must be placed in an escrow account, which helps prevent mismanagement of finances.
Developers are mandated to keep buyers updated on all project details, leading to greater transparency for Investors looking to invest.
If there are delays, builders are responsible for paying interest until the project is delivered, providing added assurance to Investors.
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