The Indian economy is booming, and more people are choosing to figure overseas. The Indian population is young, which has caused a surge within the number of people working abroad. As a result, the NRI market has been increasing year on year because India's young population needs well-paying jobs that are not available in their home country.

When an individual becomes an NRI, the family roots are often left back in India. NRI buying property in India is related to parents who retire and remain in their country of origin. They hope to return back eventually, but they wish to create some funds for families still living there through different wealth avenues

If you invest through an NRO account, you'll avoid the hefty tax rates. If your money doesn't leave India and instead stays in its country of origin, it can grow stronger year over year without being taxed as much!