From Livemint.com: India is on top in remittance flow with $55 billion (Rs. 2.45 trillion) expected to come in the country in 2010 alone, according to World Bank’s report titled Migration and Remittance Factbook 2011. A part of this non-resident Indian (NRI) money is going into real estate investments, especially since they have the facility of taking a home loan in India.
The Reserve Bank of India permits NRIs and persons of Indian origin (PIO) to buy residential and commercial property in India through a home loan..............................................Full Article: Source
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