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.
Read moreMost 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.
Read moreWhether 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.
Read moreWho 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.
Read moreGenerally 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.
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.
Read moreAccording 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.
Read moreLet 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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