How GST Will Boost NRI Investment
04 Sep 2017
The recent implementation of the goods and services tax (GST) in India is being hailed as one of the greatest economic reforms of all time. Economists predict that in the next two years, the country will see a significant boom across its goods and services sectors. This will also have a direct impact on real estate. With that in mind, the best time to invest in real estate in India is now. NRIs seem to have caught on to that, which is it is expected that there will be much greater NRI investment in real estate in the next couple of years.
Here are some reasons why now is the best time to invest in real estate in India:
Property purchase has been simplified: As a result of the GST, the multiple taxes levied upon property purchase have been consolidated and, thus, simplified. This has resulted in more investors, especially NRIs, showing interest in India’s real estate.
The processes have been streamlined: The consolidation of taxes has directly led to a simplification of the purchase processes and swift and simple paperwork.
There is greater transparency in purchase: With negligible scope for tax evasion, property transactions have been cleansed of black money and corrupt practices. This has made the property transactions fair, transparent and therefore trustworthy.
Property prices are expected to appreciate: The property market is expected to pick up significantly within the next one year, which means that this is the best time for investment. The imminent appreciation of property prices has been a huge source of attraction for investors in India and abroad.
Looking to invest in the perfect home? Goel Ganga Developments, the top real estate developers in Pune, presents a wide range of residential projects to choose from. Buy your dream home from only the best real estate builder in Pune.