Questions NRIs must ask before investing in Indian property
Before you venture to buy your next property, remember: even this asset class carries risks.
Staying away from one’s home country has its share of benefits. But occasions like a friend’s milestone birthday party, an alumni get together, a cousin’s wedding or a family bereavement may make you want to keep the Indian connection alive. The next thought is that you may get back home after all, albeit after a few years. And before even the idea really takes proper shape, the first thing you want to do is buy property. It would after all make perfect sense to have a home to get back to—and we always believe that property prices will rise perpetually. I have no issues with this line of thinking, but I do wish that the next steps were better thought through. Here are a few things to consider before you go ahead and invest.