Tag: NRI property investment
NRI Property News
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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17-09-2022
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.
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17-09-2022
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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.
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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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16-09-2022
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.
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