Real Estate Agents for NRI

With strong corporate performance, high income rate, reasonable loan rate, viable firm economy, flourishing IT industry and flexible foreign direct investment policies, today India is an ideal investment location not only for Indians but for millions of Nonresident Indians as well. The steady growth of Indian economy has invoked number of NRIs to invest in their native place. Consequently there is a plethora of prospects for NRI realtors because of the abrupt foray of NRI investors in Indian realty market. NRI realtors are those real estate agents who specifically cater to the realty demands of NRI’s. They help global Indians to buy or sale real estate in India.

Because of the emergence of India as a premier global player, all three sections of real estate –retail, residential and commercial have been experiencing tremendous development in all major Indian cities. Majority of NRIs, especially those who are planning to migrate back to India, are taking keen interest in the property investment. For all these nationally alien Indians, NRI realtors are proving to be great support.

Similarly in Gurgaon, formerly known as a sleepy suburb but today is rated among the high tech cities, there are number of real estate agents or NRI realtors who are acting as a lifeline for Indians living abroad. Due to the existence of top most software companies and shopping malls in Gurgaon the city, NRIs are also getting attracted towards Gurgaon properties. Most of these real estate consultants in Gurgaon function as an online source to NRI’s for buying, selling, financing a Gurgaon property. Whether it is a condominium, home or any other form of real estate in Gurgaon, a realtor offer full supervision and assistance to gratify both residential and commercial real estate needs of NRI’s.

The other major factor behind the raising share of NRI’s in real estate in Gurgaon is flexible and convenient provision of home loans and other financial plans for NRI’s. There are number of financial institutions who offer attractive monetary plans for home finance to NRI’s. They are ANZ Grindlays Bank, HDFC, ICICI Bank, HUDCO, LIC CITIBANK, etc. one can borrow credit up to 85% of the property equity. The rate of interest on such loans varies from 11.25% to 14.25% per annum as per the rule of the financial organization. Thus it is an easy way for a NRI to buy a property in Gurgaon or in any other city.

By Narender Singh
Published: 1/26/2007
 
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