NRI (Non-Resident Indian) real estate refers to the real estate investments made by NRIs in India. NRIs are individuals who hold an Indian passport but reside outside India. They may invest in various types of properties in India, such as residential properties, commercial properties, land, or agricultural land.

Investing in NRI real estate can be a lucrative option for NRIs who want to earn passive income or want to own a property in their home country. NRIs can buy properties in India either through direct purchase or through a power of attorney. They can also avail of home loans from banks and financial institutions in India to finance their real estate investments.

However, investing in NRI real estate also comes with some risks and challenges. The regulatory framework for real estate investments in India can be complex, and NRIs need to be aware of the legal and tax implications of their investments. They also need to consider factors such as location, property type, rental yield, and potential for capital appreciation before making any investment decisions.

Overall, NRI real estate can be a rewarding investment option for NRIs who are willing to do their due diligence and carefully evaluate the risks and rewards of their investments.