Investing in real estate has been a lucrative opportunity for Non-Resident Indians (NRIs) in the GCC, and India has been the go-to destination for this purpose. With the weakening of the rupee against the dollar and dirhams, investing in Indian real estate has become even more appealing for NRIs in the GCC. This is because they can now buy more properties with the same amount of money they had planned to invest earlier.

In the real estate industry, especially during the pandemic, the rise of virtual tours and interactive digital inspections has been revolutionary. Now that they can view properties from the convenience of their homes, NRIs in the GCC can decide with confidence whether to invest in Indian real estate. This convenience has made it easier for NRIs to invest in real estate in India without worrying about travel and other related expenses.

One of the key reasons why NRIs in the GCC love investing in real estate in India is the reduced capital deductions. The maximum surcharge on both short-term and long-term capital gains has been reduced from 37% to 15%, making it more profitable for NRIs to invest in Indian real estate. As a result, there is more interest in Indian real estate and more NRIs are investing in the market.