The United States Has Emerged As The Hotspot For High Networth Indians Looking For A Safe Haven To Deposit Their Extra Savings Either By Way Of Investing In Funds Structured For Global Investors Or By Participating In The Eb5 Visa Program
Since the days of yore, Indians have had a rapacious appetite for land. With the property sector experiencing a slowdown in India, a growing number of Indians are looking towards the West for stable investments in the US real estate market.
According to a report by the NAR’s 2017 Profile of International Activity in US Residential Real Estate, India emerged as the fifth-largest investor in US real estate by purchasing property worth US$ 7.8 Billion between April 2016 and March 2017. Rupee depreciation, poor returns from fixed deposits, and government actions such as demonetisation provide incentives for the wealthy HNI looking for a safe place to put away their extra savings. Investors acquired properties to generate rental yield or for use by a child studying in the United States.
This story is from the May/June 2018 edition of MillionaireAsia India.
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This story is from the May/June 2018 edition of MillionaireAsia India.
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