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Land Developers in Pune

Land investment in Pune is more than an investment for NRIs. Many people have gone abroad to accelerate their career. Staying away from their parents for a long period of time makes them homesick. Land investment in Pune will bring you closer to your family. There are essential things an NRI need to know before land investment in Pune. This presentation provides valuable information about things NRIs need to know before land investment in Pune.

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Land Developers in Pune

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  1. Introduction • For an NRI, land investment in Pune is more than an investment. • To accelerate their career, people have gone abroad and stayed away from their parents for a long period of time, which made them homesick. • Land investment in Pune will bring them closer to their families. www.svbrealty.in Contact Us: +91 8411963033 2

  2. Here is a guide for Non-Resident Indians (NRIs) looking to buy a plot or property in Pune (Contd.) 1] Purpose: • Your purpose of buying a plot in Pune should be clear. • Are you looking for a home so that you can stay after your retirement? Or are you planning to buy a plot for business? • These are the important questions you need to ask yourself before buying a plot in Pune. www.svbrealty.in Contact Us: +918411963033 3

  3. Here is a guide for Non-Resident Indians (NRIs) looking to buy a plot or property in Pune (Contd.) 2] Limitation: • An NRI cannot buy an agricultural land, plantation property, or a farmhouse in India. However, they can buy any number of residential or commercial plot or property in India. • NRIs can receive residential or commercial property as a gift, however, they cannot acquire agricultural land, plantation property, or a farmhouse as a gift. www.svbrealty.in Contact Us: +91 8411963033 4

  4. Here is a guide for Non-Resident Indians (NRIs) looking to buy a plot or property in Pune (Contd.) 3] Transaction: • All monetary transactions should be done with Indian currency. • As per the government rules, 80 percent of the property’s value can be funded by a loan and the rest needs to be paid with Indian currency. www.svbrealty.in Contact Us: +91 8411963033 5

  5. Here is a guide for Non-Resident Indians (NRIs) looking to buy a plot or property in Pune (Contd.) 4] Home Loan: • Indian banks can help NRIs with a home loan. • The home loan needs to be paid through Indian currency. • Some banks may need a power of attorney of Indian resident. • You need to bring important documents like visa, last 6 month’s bank statements, and salary credit for the last 3 months. www.svbrealty.in Contact Us: +91 8411963033 6

  6. Here is a guide for Non-Resident Indians (NRIs) looking to buy a plot or property in Pune (Contd.) 5] Power of Attorney (POA): • An NRI can give the POA to any relative or friend who is living in India. • They can make the arrangement of making transactions in India. • Banks need POA too. www.svbrealty.in Contact Us: +91 8411963033 7

  7. Here is a guide for Non-Resident Indians (NRIs) looking to buy a plot or property in Pune (Contd.) 6] Taxation: • If you are buying property worth more than 50 lakh rupees, then you have to pay 1% tax on it. • This rule is for the first purchase only. • The next purchase will be taxed at 1% tax on 30 lakh or above. www.svbrealty.in Contact Us: +91 8411963033 8

  8. Here is a guide for Non-Resident Indians (NRIs) looking to buy a plot or property in Pune 7] Selling the Property: • If an NRI wants to sell their property, there are many rules and regulation to follow. • They cannot transfer more than 1 million to their NRI account in a year in some cases. • Taxation will be under FEMA (Foreign Exchange Management Act). www.svbrealty.in Contact Us: +91 8411963033 9

  9. There is no limitation on buying immovable properties in India. However, funds need to be maintained in a non-resident account under FEMA. • With a lot of new relaxed rules by the Indian government, it is fairly easy to invest in a property in India. • Regions surrounding Pune have a higher demand for land investment. • As per real estate experts, this is the best time for land Investment in Pune for NRIs. • SVB Realty is a renowned, trusted land developer in Pune that provides NA plots or villa plots for sale near Pune. What are you waiting for? Call SVB Realty today! Read more about - Essential Things NRIS Need to Know Before Buying a Property in India www.svbrealty.in Contact Us: +91 8411963033 10

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