Finding the right company for professional property management for NRI is a huge decision that will have an immense impact on the success of your leasing business. After all, the Right Property Management Professionals for NRI are going to be the eyes and ears and hands and feet of the NRI property in your country. Their actions would impose an enormous influence on whether you have a profitable and well-organized operation or a slow and fading business.
Read moreOwning 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.
Read moreThe 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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