Affordable, mid-market categories emerge favorites of NRIs

The regulatory reforms like RERA and GST taken in the last couple of years have restored the confidence in the Indian real estate market, particularly among the NRIs who are investing with renewed interest. There has been a sizeable jump in the number of NRI deals in the Indian property market in the recent past.

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How a returning NRI can open resident foreign currency account

An NRI would have assets and bank accounts abroad. Income generated from these assets would be in a foreign currency. A returning NRI has the option of bringing the funds to India by opening a Resident Foreign Currency (RFC) account with a bank here.

The funds in a RFC account are held in foreign currency and can be transferred to NRE/FCNR accounts if the person returns abroad. 

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