India, May 5 -- A Reddit user claimed that on paper, Indian real estate looks like a golden investment for NRIs but the hidden costs and logistical nightmares often tell a completely different story. A Dubai-based NRI, who owns properties in Hyderabad and Bangalore, recently shared a breakdown of why they will never buy a third property in India. From a disappointing 2-3% net rental yield and punishing currency fluctuations to the administrative headache of handling tenant TDS and repatriation forms, the homeowner says the hurdles are significant.

"I'm an NRI in Dubai. I own 2 properties in India. Won't be buying a third. Here's why," the individual wrote. The Reddit user added, "Bought one in Hyderabad. One in Bangalore. Both tenanted. ...