Non-Resident Indians or NRIs are looking more and more in the direction of their dwelling land to invest their money. NRI is characterized as any person who resides outside India for foremost part of the year because of his employment. Since 1950s, Indian economy has been growing steadily and investors from all over the world have conveyed interest in taking benefit of this growth. After the reforms of 1990 with the commencement of the era of liberalization, India has become one of the favorite investment destinations of NRIs. In this paper I would like to discuss about the perceptions of NRIs towards return on investment in case of Gujarat state also to see relation of factors like education, gender and marital status with the perceptions towards return on investment in case of Gujarat.