Planning to buy property in India as NRI? Here's why it might not be a good idea

AI Summary

A Times of India analysis cautions Non-Resident Indians (NRIs) against investing in Indian real estate, highlighting risks such as asset obsolescence, complications with family-gifted properties, currency depreciation reducing returns, and the difficulty of managing illiquid assets from abroad. Experts suggest that financial returns may not meet expectations and that managing properties remotely poses significant challenges. The article urges NRIs to weigh these factors carefully before purchasing property in India.

Non-resident Indians investing heavily in Indian real estate face challenges as properties may not yield expected financial returns or security. Experts warn of obsolescence in older flats, complications with family-gifted properties, and reduced value due to currency depreciation. Managing these illiquid assets from abroad also proves difficult.