Essential Checklist for NRI Investment in India

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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 m Srishti Chandola
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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 7030 or 8020 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
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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.
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