Author
CO - GCC, ANAROCK Property Consultants
Real estate has a multiplier effect on the Indian economy with several allied industries reflecting the changes in this sector. Recognizing this, the government announced several initiatives to encourage investment in the sector.
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NRIs may be steadfast patrons of property investments in India, but the current COVID-19 crisis has toppled economies and personal finances worldwide and NRIs are not immune. Many NRIs settled in Europe, America and the Middle East who have bought real estate in India are considering refinancing their home loans. Job insecurity or not, this is an apt time for NRIs to rectify some ongoing equations and look at increased savings wherever possible.
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