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

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