Nine things to know for an NRI purchasing property in India

Even though you have been outside India throughout recent years and picked up the status of 'Non-Resident Indian,' a couple of you would, in any case, have plans to return to India and consume your retirement time on earth here, reviewing your adolescence. As a component of satisfying this fantasy, you might need to put resources into Indian land.

Top 9 benefits of hiring an NRI Property Management Service?

Let us first clear what is property management. It is the operation, maintenance, and oversight of real estate and physical property. Commercial, residential, and land real estate are included in the term property. On the other hand, like any different management role in any business, management means real estate needs to be cared for and monitored, taking in accountability for and attention its useful life and condition considered.  

The seven best Indian cities for NRI to purchase property in India

According to the world bank estimates, NRIs’ investments in the Indian real estate market touched $13 billion in 2018. This is enough to show the interest that NRIs show in purchasing a property in india. One of the primary reasons is that it is their home country, and would want to come back to their country at some point in time. Another reason could be Indian currency gaining strength against the US dollars, which allows NRIs to gain monetarily. With demonetization promising to boost transparency in the real estate market, buying a property in India is a great opportunity.

Best property investment tips for NRIs

The Foreign Exchange Management Act (FEMA), which is overseen by the Reserve Bank of India, governs the purchase and acquisition of immovable assets in India by non-residents (RBI). For FEMA purposes, a Non Resident Indian (NRI) is an Indian citizen who resides outside of India. OCI refers to a non-Indian citizen who was born in India or whose parents or grandparents were born there (Overseas Citizen of India). For the sake of our discussion, I will refer to both NRIs and OCIs as NRIs because they are considered equally for real estate investment. The provisions that apply to NRIs and OCIs are the focus of this discussion.

What are property management services? Why hire NRIWAY for NRI property management services?

Property management is a third-party contractor's daily control of the residential, commercial, or industrial real estate. Property managers are often in charge of day-to-day repairs and continuing maintenance, security, and upkeep of buildings. They typically work with investors who own apartment and condominium complexes, private home communities, shopping malls, and industrial parks. 

The Ultimate Formalities to Keep the Rental Management Process on Track

Managing your rental contract must be an uncomplicated and straightforward procedure.  Sustaining the growth of properties is the outcome of an efficient Rental Property Management, maintenance, and marketing program.  Each of your customers has particular needs and a useful management or sales program has to be adapted to meet those requirements.  We are here to help you with all the Formalities needed to build a customer relationship with you based on your specific requests. Here we go!

How rental and lease agreement helps in a successful property management contract between tenant and landlord?

A Rental lease agreement is an agreement that can be used when leasing a house or apartment building. When drafting such a contract, there is a lot of information that must be incorporated, such as how long the Rental lease agreement will be and the amount of rental fee.

Why an Encumbrance Certificate is necessary before buying a property?

Generally Encumbrance means monetary and legal liabilities associated with it. Certificate of Encumbrance acts as a proof of legal ownership of a property. Encumbrance Certificate tells the transactions of records of a property and explains whether they had any claims. If a property has no legal claims against its title, then a property owner receives a non encumbrance certificate. Generally, banks also demand for encumbrance certificate if you apply for a home loan. Now we know better why do we need it. You can see the format of Encumbrance certificate containing seven fields. We will be discussing each of them in detail.

Best Property Manager Lead to Resolve the Property Management Disputes

Who is a Property Manager:  Proper Manager is an intermediator between a landlord and a tenant. As a landlord you might hire a property manager to hit property management services in your area.

Know the score before buying a property in India

Whether real estate market remains degrowing, NRIs tend to invest properties back in India. Most of the policies come into action by government as such GST and RERA has boosted the confidence and made a full transparency to streamline the property buying process.

NRIs Enters Indian property market as rupee gets cheaper

Most NRIs take interest on growing property investments opportunities in India as Indian Rupee slumped to 72.92 per Dollar. As per DNA report there has been raise in enquiries of properties in India. They are mostly looking to purchase in Mumbai, Pune, Delhi. The main reason behind such high demands is 10-15% leverage for buying properties, a property consultant said from Mumbai.

How does property Management Company in India work for NRI?

Owning a property in India has always been, and still is, profitable speculation. But, similar to the shares and stocks in your portfolio, your property needs regular attention, maintenance, and concern. But there is a way to reduce property management in India for NRI to bare bones.

NRI Property Management Services: A Guide for Pune Residents

Khata and Patta: Cornerstones of Property Ownership in Bangalore

What is the importance of Khata and Patta documents for property owners in Bangalore, and how do they validate ownership and legal rights?

Khata vs Patta: Key Differences in Property Documents