So what’s driving Indians to buy properties abroad? Also, many Indians consider buying properties in global cities with the intention of settling in those cities. A major amount of remittance is going towards the education of children abroad, supporting family members, and buying property abroad," said the Karvy report. However, with the remittance limit applicable individually, buying properties jointly with a family member can widen your budget and options. If you intend to settle abroad, buying a property may be a good idea.

Source: Mint November 18, 2019 10:52 UTC