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.
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.
Read moreA home-improvement contract is a contract between the home improvement contractor and landowner that includes all the terms of the improvement project. Home improvement may vary from painting and beautifying your house to significant structural enhancement. A well-crafted Home-improvement contract cares for both parties by doing away with as many misinterpretations as possible before your home becomes a labyrinth of knocked down walls and cut off electrical devices.
Read moreIf 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.
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 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 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 moreA property management company takes on various responsibilities, from leasing your property to handling day-to-day operations.
Read moreInvesting in real estate in India is an attractive option for many Non-Resident Indians (NRIs). Whether it's for long-term investment, retirement planning, or securing a steady rental income, the Indian real estate market offers a plethora of opportunities.
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