Anyone in US who can share their experience in buying real estate in india ? Is it a good investment option? How do taxes you pay get affected? I am looking to buy a small apartment possibly in Pune and rent it out. I am not sure how I should evaluate this investment option. Will appreciate if anyone can point to any articles or blogs.
TOP 15 Comments
- Citibank / Finance$$>RSUYet another sign the US real estate market is stating to topple over
- Corrupt judges and police will repossess your property if they find out you are not local.....3rd world banana republic.
Invest in REITs
- I would not recommend it.
The property appreciation is not much and rents are too low, Management is difficult.
Also there are host of issues when you sell the property, suppose you want to sell and convert INR to USD, historically INR has gone down vs USD so ur gains get lower, also there is 20% tax deducted at source.
All in all, not worth it.
I did it and ended up loosing money, not a lot but still I could have made decent investments in US and made more