With RERA, NRI interest in Indian realty set to rise - PowerPoint PPT Presentation


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With RERA, NRI interest in Indian realty set to rise


On different variables that NRI putting resources into land will remember while purchasing property in India. RERA encourages NRI people group to have a superior access to data about manufacturers or engineers, their track records and the status of various endorsements. Click here for the details... – PowerPoint PPT presentation

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Title: With RERA, NRI interest in Indian realty set to rise

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Coldwell Banker Dec 20 3 min read
With RERA, NRI interest in Indian realty set to
With the implementation of Real estate Regulation
and Development Act 2016, certainly, there will
boost non-resident Indian sentiments on the
Indian real estate sector. The transparency that
is coming in the real estate sector, there is
guaranteed an increase in the number of
non-resident Indians those plan to buy the
property back home. The real estate sector in
India in the recent times has actually witnessed
a lot of changes more so especially after the
introduction of Real Estate Regulation and
Development Act, 2016 and the GST i.e., Goods and
Services Tax. As the RERA will make sure of the
timely delivery of the projects and also all the
information will be easily available online, it
certainly will boost the confidence of
nonresident Indians who are thinking of the best
investment options in India in the real estate
market in India. The Goods and Services Act might
have a negative impact on
the home buyers as there might be an increase in
the rate of properties. Presently, the
prospective home buyers have to pay over 125
Goods and Services Act to developers if these are
planning to buy any property which is under
construction. There is, however, no GST on the
fully-constructed property. Greater
transparency Some experts do have a different
take on GST. It is being said that the
introduction of Goods and Services Tax is the
construction and real estate industry which will
definitely benefit the real estate sector as well
as its numerous stakeholders. This will
definitely bring in some great transparency in
the valuation of the transactions as this
provides incentives to developers for adopting
and real valuation and declaring fair. In turn,
this will result in a lot more transparent as
well as efficient rates with supplies of housing
standing to take advantage of the input credits
which certainly will not case under the service
tax regime. On various factors that NRI investing
in real estate will keep in mind while buying
property in India. RERA helps NRI community to
have a better access to information about
builders or developers, their track records and
the status of numerous approvals. So, NRI should
check all aspects which include the status of the
land as well as its use of land. The interest in
housing properties from NRIs whose prime focus is
not much on the growth of investment as on the
owning a house for their own use and their
families when back home continues unabated. The
fact that the housing property rates in India
have actually bottomed, with the developers those
are rolling out some highly attractive offers
which have actually worked well for such buyers.
The introduction of RERA has actually turned out
to a realty force and transparency, as it
enforces, will draw housing real estate back to
the center stage. The industry experts think that
there are not many obligations in the rates of
property in the real estate market of the
developed countries. Workshops for Non-resident
Indians Numerous non-resident Indians are not
much familiar with RERA as some of the real
estate companies are organizing workshops to
brief them about laws. Also, keep in mind that
non-resident Indians prefer of a healthy
lifestyle as the developers in India are coming
up with the projects which are at par with the
international standards. Nri Real Estate Best
Investment Options Real Estate Blog Property Blog
Real Estate Property Blog
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