There are several benefits to letting out a property in Mumbai, including: 

If you're an NRI, you can also repatriate the rental income you earn from your property in India. 

There are several benefits to owning a rental property, including: 

• Tax benefits

• You may be eligible for tax deductions on the cost of the property, property taxes, insurance, depreciation, repairs, and maintenance expenses. You may also benefit from tax-deferred exchanges and depreciation recapture strategies. 

• Property appreciation

• The value of a property can increase over time, and in a good area, property value can increase between 1% and 5% yearly. 

• Passive income

• You make money each month on the properties you rent. While new investments take a while to make money, over time your income increases with little effort. 

• Repairs

• Repairs are only considered deductible while the property is being used as a rental. Improving a rental property can result in higher rental rates and lower vacancy periods. 

• Property management

• You can deduct the cost of property management from your rental income. Property management is a necessary part of running your rental property, and the cost of hiring help can add up quickly.