Demand For Residential Property Boosted By Returning NRIs

nriThis year, an estimated 25 million NRIs living in 130 countries have remitted US$52 billion. In fact, India topped the list of countries in remittance flow followed by China and Mexico, World Bank report on Migration and Development Brief revealed.

This year, migrant remittance flow to developing countries will be around $317 billion. The impact of global economic slowdown, job losses and unviable job offers has necessitated a section of NRIs to return to Indian shores.

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