Bigger India
NRIs And Indian Realty
The major concerns of NRIs have, very often, been the lack of information and standardised due diligence, delays in project delivery and tedious or no legal recourse for buyers.
In 2000, Singapore-based scientific researcher Lata Raman, invested in a 1300sq.ft. apartment in Chennai for her parents. Settled abroad for the last two decades, she narrowed down on the apartment for the primary reason that she had other relatives who had purchased apartments in the same complex and it was a safer bet for her ageing parents.