Money Transfer India: – A reason to invest in the Real Estate sector

Review the history of humankind and the most prominent thing to notice is the constant movements of people across natural as well as man-made boundaries.  The adventure of discovery, the search for a better life in the face of destitution and misery caused by natural and man-made calamities, and above all, an indomitable human spirit have pushed people around over the centuries. The progress of human civilization is inconceivable without these movements. However, people and companies bridge across these boundaries seamlessly to work, travel or do business. And this necessitates the need to transfer money across countries, buy or sell currencies, e-transfer and also invest in real estate sector. This is what online India money transfer companies have helped its customers do over the past so many years.

According to recent World Bank’s Migration and Remittances Fact book 2011 report, Indians living and working abroad transfer home a whopping $55 bn this year as compared to $49.6 bn last year. Indiaand Chinaaccount for almost a quarter of the worldwide remittance flows of $440bn in 2010. The sheer volume of remittances making their way across the globe and their already salient role in many developing economies hints at a vast and yet untapped potential. ‘Transfer money India, seems to be the mantra for various Indians settled abroad.

Also enabling these flows is the widespread presence of institutions like banks and remittance providers that allow the money earned by Indians abroad to be converted to India money and sent to Indians in rural areas who may not even have a bank account.

However, it is important to consider certain areas that need attention to ensure that India money flows remain strong and that the Non-Resident Indian population gets the assurances it needs to keep sending money back home.

Besides sending money for parents and dependents, one of the biggest reasons NRIs seek to transfer money India is to build or keep a home. For emotional reasons, sentimental attachment and family ties, there will always be NRIs willing to invest in their home towns inIndia. Infact, several real estate projects acrossIndia have garnered approximately 10-20 percent participation from NRIs.

The return on investment provided by real estate inIndiahas been more attractive than that offered by other developed nations. Also, the simplified process of investments has reversed the equation and many NRIs have been consistently investing in Indian properties.

Adding to the above, many NRIs in the USand UKare not as confident as before of sanctity of their employment, while others are disturbed by negative economic patterns across developed countries. Therefore, they see greater potential to invest in properties in Indiaand hence the concept of transfer money India is gaining prominence thereby overcoming the current economic setbacks. Appreciations anywhere upwards of 15 percent per annum and rental yields of 4-6 percent on property are another reason whyIndia has been a happy hunting ground for the NRI audiences to invest in real estate and allied sectors.

Perhaps it’s not surprising that many real estate companies inIndiaare making renewed efforts to attract NRIs to transfer money to be invested in this ever burgeoning property market.

One Response to Money Transfer India: – A reason to invest in the Real Estate sector

  1. Hey! This post could not be written any better!
    Reading through this post reminds me of my old room mate!
    He always kept chatting about this. I will forward this article to him.
    Pretty sure he will have a good read. Thank you
    for sharing!

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