Transparency in the real estate sector, brought about through legislations enacted by the Narendra Modi-led BJP government at the Centre since the year 2014 other than assured high returns on investments, is the major factor that has wooed Non-Resident Indians (NRIs) back into the property market in India.

As per a study conducted recently by a private agency, investments by NRIs in the real estate sector stood at a mere six per cent in the financial year 2014-15. However, this figure has nearly doubled to reach the 11 per cent mark in the current financial year. The survey predicts that the figure is expected to reach 12.5 per cent in the next financial year. The total investment by NRIs in Indian real estate is projected to reach anywhere near the range of $13.5 billion by the end of the next financial year.


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