US NRIs interest in Indian realty revives
A stable government at the centre, pragmatic policies and impending reforms has all convinced US NRIs to look at Indian realty. The budget’s fiscal sops, SEBI’s final guidelines for infrastructure investment trusts and Real Estate Investment Trusts (REITs) and a boost for affordable housing are just instances which have convinced NRIs that there are better days for the realty sector across the country.
Unlike earlier there is a spurt in the number of NRIs evincing keen interest in Indian realty. In a recent 3-day Times Realty show held in Edison and organised by Mindscape Exhibitions Pvt Ltd, 400 families visited the show.