Residential real estate market in India has seen mounting costs. India has been through growths in residential plots, housing complexes and luxury housing units. The residential real estate developers in India have commenced structure and development of residential property, township and housing projects in order to cater to the demand of residential property for sale. The existing balances in the Non-Resident (Non-Repatriable) rupee accounts have been allowed to be credited on maturity to convertible NRE account. This has boosted the real estate business. The rules relating to investment and return have been liberalized to the advantage of the NRIs. Foreign exchange dealers have been suitably authorized to deal with the matter of remittances. NRIs are free to repatriate in foreign currency their current earnings in India such as rent, dividend, pension, interest and the like based on allow certification.
Real Estate Agents India, Housing Projects in India
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