A developer warns against misleading real estate reports, emphasizing the rising input costs. However, opting to rent may be a smarter financial decision.
The Indian Property Show in Hong Kong on March 3-4 offers NRIs a chance to explore 300+ projects by 70+ Indian developers, with on-site home loan approvals.
SBI may extend its 8% home loan scheme beyond March 31, offering relief to borrowers. Despite RBI concerns, SBI believes the scheme supports economic growth and key sectors.
Buying real estate in India as an NRI requires careful planning, due diligence, and potentially using a Power of Attorney. Research builders, visit sites, secure home loans through banks, and consider property management solutions.
Real Estate Investment Opportunity Arises Amid Economic Slump
Mumbai is the most preferred real estate investment destination, followed by Chennai, according to a recent survey. Patna, Nasik, Tiruchirapalli, and Madurai are also emerging as attractive options.
Residential property prices projected to fall 10% in 2009, influenced by a 'wait and watch' buyer approach. Lower home loan interest rates anticipated to revive demand and stabilize prices in 2010.
The government is considering raising home loan limits and tax rebates to make housing more affordable amid economic slowdown.
Mahindra Lifespaces plans to enter the affordable housing sector within a year, targeting middle-income groups amidst a growing housing shortage in India.