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Are prospects promising for NRI’s to invest in Real Estate?

The real estate sector is one of the significant contributors to India’s GDP. It has undergone some substantial changes over recent years, and these measures have helped the industry to come out stronger.

Some reforms include demonetization, GST, Insolvency and Bankruptcy Code and above all The Real Estate (Regulation & Development) Act of 2016, which is the most critical legislation of the property market in the past few years, promises not only transparency but also ensures the security of investments of homebuyers.
Despite the weakness in the economy, real estate remained stable in 2019 and could be revived in the new year, according to Knight Frank.
It also expects the real estate sector to maintain its momentum.NRIs are one of the crucial growth drivers for the Indian real estate.

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India can be the epicentre of global investments, says Ankit Pradhan

It can be said that the global economy has already entered into a great recession. Superpowers like Italy or America or France or Germany are already the worst affected. A lot many industries such as Travel and Tourism, Hospitality, F&B, Entertainment, Automobile, White Goods, IT, Retail are suffering huge losses, and there is no visible ray of hope any sooner.

In comparison to the developed nations around the world, India has dealt with pandemic very well. The containment of COVID-19 to the current levels is noteworthy.

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