With the prices of property in Mangalore – be it commercial or residential – this may be the best time for all Non-Resident Indians (NRIs) to consider investing in India. The concept of contemporary integrated townships and world class infrastructure has taken wing in a big way across all cities in the country, thereby making investments in real estate in India very promising.
Amendments to the Foreign Exchange Regulation Act (FERA) now permit NRIs to purchase residential and commercial properties without prior permission from the RBI. You can even rent out the property and credit the earnings to your NRO account. The cherry on the icing is: there is no limit on the number of properties an NRI can buy.