After Dubai, Singapore and London, the United States seems to be the next destination for residential property buyers from India. Worldwide investors see the U.S. real estate market as a confident place to invest their money in. Generally, interest rates are at an all time low while rental rates are at a stable high. In addition, India’s long-standing love with America and all things American is another factor, therefore overseas properties are attractive for resident and non resident buyers. Savvy developers are also working in these countries to cash in on the growing demand and limitless opportunities.
Liberalised Remittance Scheme (LRS) was first introduced in India by Reserve Bank of India (RBI) in 2004. The primary objective of this was to help move money out of India for investment purposes. Indian remittance law called LRS allows residents, including minors, to freely invest up to $250,000 per financial year abroad for overseas investments without requiring prior approval from RBI or other similar authority. For investors seeking fortunes outside the border, LRS can assist with foreign investment ability.
Like most areas knowing where to reside, based on your real estate goals and personal preferences, is necessary to navigate the U.S. market. California is home to some of the leading top technology companies, financial institutions, and universities in the world where diverse culture is at its finest. Blue Latitude specializes in helping people just like you uncover all possibilities and maximize your investments.
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