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NRIs are an asset to the national economy of our country. More often than not, there have been many debates surrounding the benefits NRIs could have by building homes or commercial buildings in India.
NRIs tend to receive a lot of global exposure due to their jobs. They would, most definitely, be worried about how lucrative of an investment it is to build a home back in India. Investment in their hometown should be tempting and beneficial for them to grab on to it without second thoughts.

If you are an NRI having second thoughts about building a home in India, then this blog is for you. Read on to understand the various benefits of making this commitment.
If you are working in a developed nation, the currency of your host country would trade strong against the Indian Rupee. This alone is a reason to build a home in India. There has been a surge in NRI investments in our country. According to the Economic Times, NRIs have invested a whopping $13.1 billion in the Indian real estate scene in the Financial Year 2021. This will hit the milestone of $14.9 billion with a 12% growth in 2022.

Benefits of Constructing a Home in India The following are reasons why NRIs are happily investing in building homes in India. Follow their example and get down to building that dream home right away!

 Affordability

If you are an NRI, you would already know that building a home in India is, most probably, the more viable option for you. The currency value gap between your host country and hometown leaves you with an added advantage. You are more likely to build a bigger, more luxurious home in India with the money that could only buy you a small apartment in your host country.

Go easy on the pocket, and make that commitment!

 You can Rent Out

Even if you, as an NRI, are not planning to relocate back home anytime soon, you can always rent out your home. This will ensure consistent income as well. Most importantly, it is always smart to have a property to sleep in each time you pay a visit.

 A Good Retirement Plan

Investing in a property back home in India is a steady retirement plan. Most NRIs dream about coming back home someday. It would be many people’s dream to spend their retirement years in a home they built with much toil. Although this may be a sentimental reason, it could also count towards a smart investment strategy.

Senior citizens who choose to return to India after long years spent abroad can also make use of the reverse mortgage scheme in India. Most banks in India provide this option.

 The Real Estate Deal

If anything, constructing a home in India is a good way to invest your hard-earned money in the right place. Even if you do not plan to return to India sometime soon, you can always choose to sell the property.

The Indian real estate industry is growing substantially well every year. With more and more NRI investment churning in, the market is at an all-time high. If you are looking for some solid and reliable long-term investment, constructing a home, a commercial complex, etc. in India would be your best bet.

 Tax Relaxations

NRIs do not carry the burden of heavy taxes. You can invest in the real estate industry of India and simultaneously save on taxes like a residential Indian. Home loans come with a tax deduction which can be claimed on the principal amount that is repaid with interest.

Additionally, you can choose to sell the property within two years of its construction to earn profit without the burden of NRI income tax.

Conclusion

Now you know why it may be a safe and smart investment to construct that home you have been putting off. Get in touch with the best construction companies in Hyderabad to get a head start on planning.

With Wehouse - Home Construction (formerly known as Hocomoco) assistance and support, you can build a home that will keep calling you back to your roots! In addition to all of its emotional incentives, you can always fall back on the property for monetary advantages as well.

Take that leap of faith and get in touch with Wehouse - Home Construction today. We can help you decide the best plan that suits your budget and helps you plan your future wisely.