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Showing posts from December, 2017

RERA restores NRIs’ confidence in real estate projects back in India

PUNE: After years of indecisiveness, the implementation of MahaRERA has helped Qatar-based Shibu and Josy Thomas make up their mind to invest in a realty project in Baner.


With Josy's parents from Pune, the couple have been looking to invest in a project here for the last few years. "We always wanted a home in the city, our birthplace. We will finally have an investment in the realty sector and can do it with confidence," Josy said.

Another US-based couple, who did not wish to be named, said they have asked their relatives to look for investment in the real estate segment here. "My sister-in-law, who would hesitate to invest in Pune till the other day, has asked us to be on the look out for RERA-registered projects," said M Rao, whose brother and sister-in-law are in the US.

Non-resident Indians have been traditionally attracted to investments in the real estate sector because of currency exchange rate and easy laws for investments by NRIs under the Foreign Exc…