Can NRI's rely solely on the internet for their property purchase in India?
While the online medium may be a good place for an NRI to begin his property search, one cannot completely rely on such information alone. We examine the other factors that NRI buyers should consider, before finalising a deal Non-resident Indians (NRIs) may often find it impractical to physically come and see a property, while scouting for one, even if they have a keen interest in the Indian property market. Hence, developers are now increasing their online presence. From digital advertising and other connected platforms, to offering virtual tours of the property, developers are leaving no stone unturned, to attract NRIs. Several facts suggest that the trend of online property search and buying, has grown significantly among the NRIs. A majority of the NRI buyers , connect to developers directly through online ads. Underscoring the importance of online sales to NRIs and HNIs, Tata Housing has said that it has sold a villa worth Rs 5.5 crore, online. Google’s Great