Buyers from India see New York as a solid investment opportunity. During the 12 months that ended March 2015, Indian buyers spent $7.9 billion on U.S. real estate — up from $5.8 billion a year prior, according to the National Association of Realtors.
Historically, there were roadblocks that kept Indian investors at bay, including the country’s widespread poverty, the government’s restriction on how much individuals can invest abroad (limit up to $250,000 per year) and a smaller number of high ...