Dubai-based NRI with flats in Bengaluru, Hyderabad vows never to buy a third property in India
A Reddit user claimed that on paper, Indian real estate looks like a golden investment for NRIs but the hidden costs and logical nightmares often tell a completely different story. A Dubai-based NRI, who owns properties in Hyderabad and Bangalore, recently shared a breakdown of why they will never buy a third property in India. From a disappointing 2-3% net rental yield and punishing currency fluctuations to the adminrative headache of handling tenant TDS and repatriation forms, the homeowner says the hurdles are significant.The homeowner claimed that the tenants in India “hate” NRI landlords. (Representative image). (Unsplash)“I’m an NRI in Dubai. I own 2 properties in India. Won’t be buying a third. Here’s why,” the individual wrote. The Reddit user added, “Bought one in Hyderabad. One in Bangalore. Both tenanted. Both ‘doing well on paper.’ Here’s the honest math nobody told me before I bought. The yield is embarrassing. Net rental yield after maintenance, society charges and property tax is 2 to 3%. My UAE savings account pays 4%. Cool.”Also Read:
