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Essential Checklist for NRI Investment in India

The Indian real estate presently is a popular investment option for most of the NRIs. However, as they have lived in abroad, it becomes a lot more important for them to do proper due diligence before they plan to risk their money. http://www.favista.com/blog/2017/10/18/essential-checklist-nri-investment-india/

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Essential Checklist for NRI Investment in India

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  1. O^^€ Q Menu ▼ Essential Checklist for NRI Investment in India ©October 18, 2017 &NRI Investment in India,Real Estate # Essential Checklist for NRI Investment in India, Investment in India, NRI Investment in India mSrishti Chandola lh Like 0 The Indian real estate presently is a popular investment option for most of the NRIs. However, as they have lived in abroad, it becomes a lot more important for them to do proper due diligence before they plan to risk their money. Compulsory checks Today, many Indian developers conduct roadshows in abroad. The NRIs should not be completely convinced by the attractive and impressive presentations as well as the glossy brochures. They should have someone you believe visit the site of the property and check the ground realities. Like all the real estate investments, the project's location should be attractive and should have great connectivity. Pricing is another significant issue. Often the rate quoted by the builders to the buyers abroad is pretty higher than those that are quoted to the domestic buyers. The builders also don't offer any discount hen the sellers are abroad. In such a scenario, international buyers must certainly learn the rate at which the project is being sold in the country. Also, they should avoid paying a huge part of cost upfront. They should, in fact, go for either 70:30 or 80:20 scheme, or construction-linked payment plan. In all such schemes, a small portion of the cost is paid at the time of booking, the balance paid on possession. Even then, they should opt for finished apartments to avoid the risk of delay in the possession. Also, it may be pretty wise for the NRIs to take a small loan from the bank even if they do not need the money. When the NRI can take a loan from the bank, they will do the persistence on their behalf. It will certainly check whether the developer owns land on which the project is being developed, and has obtained requisite licenses. This will avoid a lot of troubles. Understanding the law The NRI investment in India should understand the law that governs the real estate

  2. transactions. For instance, there are numerous restrictions on how rapidly the profit from the realty transactions can be repatriated. Also, NRIs need to learn that their gains be subject to double taxation. Watch out for The real estate sector in developed markets is way better than the governed and evolved, unlike that in India. Here, the buyers are at times subjected to a lot of hassles. Unless the NRI has trusted the person that is running errands in India, the buying realty in India could be challenging. There is property management then as there are not many organizations in the country that offer such services. This certainly makes all more important that NRI has agents to collect rents and look after the maintenance. ROI expectations The returns from real estate are said to be lower than they have been in recent past. Thus, the NRI investing in the residential realty at this point of time should be affordable return expectations over a specific and long-term period. Lastly, NRIs need to be pretty aware of the depreciation of the rupee against the home currency, will have the bearing on the returns. ^ Festive Alert for Your Home Decor Leave a Reply Your email address will not be published. Required fields are marked * Comment Subscribe to our newsletter Want to be notified when our article is published? Enter your email address and name below to be the first to know. Send

  3. Facebook L_a n Like Page Favista Real Estate Pvt Ltd 2 hours ago May the divine light of Diwali spread into your life- peace, prosperity, pleasure and good health. #Happy #Diwali I* 2 Comment A Share Twitter Timeline Tweets by @FavistaRealty Recent Blogs Essential Checklist for NRI Investment in India October 18, 2017 Festive Alert for Your Home DecorOctober 16, 2017 This Diwali make some Cost-effective Investment in Home Buying October 13, 2017 How to Color Wash BricksOctober 11,2017 Ways to Manage Home Loan EMIs during CrisisOctober 10, 2017 Favista is a Real Estate Advisory Firm based in Gurgaon, India. Favista believes in making every property transaction experience simple and successful. The aim is to bring transparency, professionalism and simplicity to the complex world of real estate. Favista takes pride in keeping the needs and concerns of the customers in highest regards. Favista Real Estate has been founded by IIT + IIM/INSEAD alumni with experience in strategy consulting, internet marketing, venture capital having been part of companies such as McKinsey, Capital One, PartyGaming and SSG Capital. Favista is a full service brokerage helping buyers/investors buy, sell, rent or lease property in India. Favista offers best realty advice for Apartments and Flats for sale in India, land/plots for sale, New Residential & Commercial Projects in India and also assists selling properties at best rates. Favista.com is the only Property Site in India that lists 100% verified properties. Favista currently operates in Gurgaon, Delhi-NCR, Noida, Mumbai and Bangalore.Those intending to sell property in India will also find this website very useful owing to the extensive reach, high brand recall and trustworthiness in the real estate space. In order to make our customers happy and for us to reach our goals, we follow the key tenets of transparency and consistently maintain integrity in everything that we do. With this professional attitude, we are set to become your preferred choice for all real estate services in India. ABOUT About UsOur TeamCareerContact Us Terms

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