Wealth management is a practice of strategic planning. Oftentimes, it involves professional guidance to manage and grow one’s financial assets consistently and effectively. In case of NRIs (Non-Resident Indians), managing wealth becomes crucial. They often have property and capital income that require specific considerations. Their unique financial circumstances make it necessary to hire an expert wealth management consultant like S2NRI. With this support, they can save and consistently grow their income.
Read MoreAuthor: Manoj Sodhani
Tips and Benefits of Hiring a POA for Property Monitoring
Non-Resident Indians (NRIs) temporarily shift abroad. But, their belongings are left behind in the very place where they leave from. They still hold their ownership, but challenges turn more than ever. The most precious fixed asset is the property that requires proper monitoring.
Read MoreHow Can a Non-Resident Start a Business in India?
In 2022, RCI registered an overwhelming growth in inward gross remittances, which surpassed an all-time high of $107.5 billion. It’s a positive sign for non-residents who are likely to start a business here.
Read MoreHow Can a Real-Estate Agent Help to Manage, Buy, or Sell Property?
A real estate agent plays a significant role that proves exponential in managing properties for their owners. This crucial role involves marketing, tenant screening, drafting lease agreements, and property maintenance. Doing these things is like a nightmare. Besides, you should be acknowledged about the legal matters, law, updates taking place in them, and expertise in managing a property. That’s why people, especially non-residents of India (NRIs), should consider hiring a property manager or consultant.
Read MoreHow Are NRIs Helping Indian Economy?
NRIs are people who used to live in India but now live in other countries. They help India by sending money back to their families, which in return strengthen the Indian economy. This money increases the foreign currency and makes sure the economy is stable. In the year 2022, NRIs sent a lot of money back to India, which was more than what the World Bank expected.
Read MoreWhy Should NRIs Invest in Indian Real Estate?
NRIs are likely to invest 12% in the Indian real estate sector by 2023 and have already invested $15 billion in 2022. Currently, the market size of Indian Real Estate which is US $200 billion is anticipated to rise to US $1 trillion by 2025 and is likely to be 13% of the country’s GDP, according to a news report.
Read MoreHow Can an NRI Consultant Help You Abroad?
An NRI (Non-Resident Indian) consultant can be a valuable resource for anyone living abroad who has ties to India. These consultants are typically experts in various areas of Indian culture, business, and finance. Having expertise ensures offering guidance and support to NRIs who are navigating the difficulties of living outside their home country.
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