How managed homes network firms helping NRIs invest in Indian realty
By using the services provided by the managed homes network firms, an NRI can replace a person who would otherwise take care of their property in India
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Modern house rental network businesses have tackled the problems faced by NRI realty investors. This entails securing a dependable tenant, caring for the home, and paying rent on time each month. Additionally, the home network businesses have begun supplying rental bonds on the renters' behalf. This bond serves as a promise to cover losses in the event of default. The rental bond covers losses such as unpaid utility bills, loss of rent in the event that the tenant vacates during the original lock-in term, etc
The Indian real estate industry continues to attract investors from around the world. Because it provides a wide range of options for locations, returns on investments, and a thriving economy, India is the market that investors want. It's noteworthy that Non-Resident Indians (NRIs) represent a significant segment of the Indian real estate market's investor base. Due to the promising future, investors' attitudes are still enthusiastic.
Even during the epidemic years, the NRI population continued to invest in Indian real estate. It became a profitable investment due to the depreciation of the Indian rupee. NRIs frequently purchase sizable homes in a variety of important Indian cities' most affluent neighbourhoods. Additionally, there are also trends when NRIs choose to purchase a home in their hometown, which may be in a tier-2 city. Sales have expanded dramatically as a result, and traditional metro cities have gained access to newer markets.
The problems with real estate investing in India
While the majority of NRIs purchase homes in India with the intention of settling there and building their ideal residence. Some NRIs make investments in India with the intention of renting them out. The main problems there are with property upkeep, prompt rent collection, and finding reliable renters who will not only occupy the space but also take good care of it. As it might be difficult to maintain track of things when they are far away, this has repeatedly become a source of conflict.
The potential remedy
Modern house rental network businesses that provide their services have tackled this same problem. Any NRI with property in India is eligible to use these services. This entails securing a dependable tenant, caring for the home, and paying rent on time each month. Additionally, the home network businesses have begun supplying rental bonds on the renters' behalf. This bond serves as a promise to cover losses in the event of default. The rental bond covers losses such as unpaid utility bills, loss of rent in the event that the tenant vacates during the original lock-in term, etc. By using the services provided by the managed homes network firms, an NRI can replace a person who would otherwise take care of their property in India.
(The author is Founder & CEO, NestAway Technologies)
