Sidhant Agarwal, chartered accountant and co-founder of India for NRI, illustrated this with an example. Suppose an NRI invested ₹22.6 crore in a premium property between 2015 and 2020 and sold it today for ₹60 crore. On paper, the investment appears to have nearly tripled, generating a gain of about ₹54.4 crore after costs. But when adjusted for currency movements, the picture changes considerably.
