Flyopedia offers great deals on your business trips to India, grab cheap business class tickets to India for an opulent experience. Among the various businesses that attract foreign investors, real estate has strengthened its roots very well. If you are based in Canada and intend to put your money in Indian real estate, you are reading right. The Indian real estate market is immensely growing. It has become one of the favorite sectors of investment investors globally. This guide will help you get an overview of the real estate business in India, extending the key features of how to transfer your money to India to invest in real estate.
Why Invest In India?
The Indian real estate market has proved to present great results when invested in real estate. According to a report, after analyzing the current spectrum, the Indian real estate market is expected to gain almost 20% by 2025. It is predicted to have an annual growth of 4.19% from 2024 to 2028, and expects an increase of $48.28 trillion.
The devaluation of the Indian rupee makes the Indian market more affordable to invest in. Moreover, the increasing rate of land will grow the value of the money transferred in the form of real estate investment.
NRIs can hit a jackpot by getting the best deals on their invested properties in the coming years. This strategy has become a renowned part-time investment game in India and Canada.
Official Ways To Transfer Investment Money
Investing in such a broad project will automatically require a strict process including financial approvals and tax considerations.
Options that qualify for money transfers for Canadians in India are NRE, NRO, or NCNR bank accounts. They can also use their usual money transfer platforms if the associating dealer approves them.
These options can further help in opting for EMIs. NRIs can also get up to 80% of the loan amount from any Indian financial organization and offer decent repayment options.
Investing and money transactions like this can lead to a whole tax deduction procedure. However, the Double Tax Avoidance Agreement between India and Canada relieves NRIs from paying taxes in both countries.
Have A Secure Transfer
By now, countless money transfer applications claim a fast and less complex process of money transfer. Funds can be transferred via cheques, demand drafts, traveler’s cheques, or maybe a simple bank transfer but these may consume more time than a fast application that works just like UPI transfer in our own country. There are some money transfer platforms, which provides access to the receiver and sender for a timeless international transaction. Just like these platforms offer you a convenient service to work from India to Canada, flyopedia makes booking tickets to India from Canada easier.
To Summarize
Going for a futuristic investment that might help the Canadian NRIs develop a long-term business venture in India. This article offers insights on how to get started and what key aspects you should learn before diving in. The host organization further guides every business venture, but clearing up the basic concepts in your mind would be a good start. Whatever sector you think about investing in, should have its potential risks and perks. We have showcased the initial layout of what it takes to get into the real estate business and transfer Canadian money to India. If you even stump on the need to fly to India grab last minute flight to India from flyopedia.
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