Tag: Financial Services
NRI Property News
16-09-2022
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.
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16-09-2022
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.
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17-09-2022
Smart ways to manage foreign currency into Indian Bank for NRI
Non-Resident Indians people are those who live more than 182 days in abroad for a year. NRI should take smart decisions to manage their money earned from foreign country. A NRI may face some difficulties while maintaining their bank accounts while involving in transactions. Such transaction may relate to buying or selling a property in India, investments plans in financial schemes etc. Other scenarios may include funds transfer, repatriation, mutual funds investments, home loan transfer, fixed deposits and more.
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17-09-2022
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Tax implications for NRI buying property in India
If you are planning to buy a flat from an NRI, you must understand the NRI Property Tax implications in India and possible deductions on such properties while purchasing it. In case you purchase property from Non-Resident, as per the section 195, 20% of TDS deductions is applicable.
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17-09-2022
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.
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