Problems Faced By NRI Investors

1
Home gt Blogs gt Problems faced by NRI investors
Problems Faced By NRI Investors
Mar 2018
PROBLEMS FACED BY NRI INVESTORS
?3 m
m 03
In Green Homes
Finding the correct kind of property is always
the struggle especially when you reside in the
carried country. The non-resident Indians, for
example, at times face various issues while they
plan to invest in the Indian realty market.
Here is a list of some common problems faced by
the segment of purchasing and their possible
solutions-
Lack of clarity on rights There is lack of
clarity on the legal rights of the non-resident
Indian home buyers when it comes to investing in
India. Haryana and Punjab have the largest
population of the non-resident Indians have
reported the biggest fraud cases as the locals do
dupe the property buyers by selling farmland and
the agricultural land illegally. To actually cope
up with this, the investors should deal with the
certificate realty brokers only. With the Real
Estate Regulatory Authority taking shape, all the
property agents are getting themselves verified
by the authority of states while making it
convenient for the realty buyers to transact.
Furthermore, all the realty dealings by the
non-resident Indians takes place under Foreign
Exchange Management Act (FEMA). As per the rules
by Foreign Exchange Management Act, the
non-resident Indians can invest in commercial and
residential properties. A person of Indian Origin
or the non-resident Indian can't invest in
agricultural land or farmland.
Land grabbing issues Illegal possession or the
gatecrashing is yet another challenge that is
faced by the non-resident Indians if they are
investing in property in India. In fact, the
majority of the case, the land grabber as well as
the person taking illegal possession is pretty
known to the buyer. Non-resident Indians should
get into an illegal agreement in discussion with
the realty broker with either the local relative
or the family members wells in advance allowing
anyone to use their property. Concerns about
deveLopers A huge number of non-resident Indian
investors have certainly suffered with their
investment in the wrong project as well as real
estate developer who have delayed the
projects. With the realty law in place, the
property buyers can check the track record of
developers on the website of the state RERA. Now,
one can easily check everything about the
developer online. Apart from this, internet and
social media to check the feedback of the earlier
home buyers. The most appropriate way to deal
with such situation is to purchase through realty
portals which are bound to list the verified
projects. Through RERA would encourage
transparency in the unorganized realty market in
India, it is the medium which enables access to
the information on a specific platform. Due
diligence would still be the responsibility of
the buyers and investors.
2
n g
PREV ARTICLE
NEXT ARTICLE
Comments
There is 0 comment on "Problems faced by NRI
investors".
Submit A Comment
your comment...
yourname...
your email...
SENDCOMMENT
Related Posts
lteneliciaL onsuLt EtoMifttrig W
ahe Aifficutt Rupprieditsal Dncbrr oopHeation Mark
et In India
lt gt
Top Rated
Recent
Cities To Become Smart With GIS Technology There
has been Lot of buzz around the... On June 22,2016
E8 Reasons You Should Consider Buying Than
Renting In the current monetary atmosphere, there
is no... On June 10,2016
RERA Regulation BiLL Brings Cheer In Rajyasabha
Assembly The RERA (Real Estate Regulation
Authority)has certainly brought... On June 22,2016
3
Competition For Real Estate Agents In India By
The World's Biggest Brokerage Firm If you are fed
up of continuous calls... On May 3,2015 CoLdweU
Banker Principled Realty When we visited Knox
Realty office for the... On March 3,2015
Categories Green Homes Home-grown News!
News Property T rends Realty Affairs
47
1
20
2
2
Recent Posts
Realty Rules That Homebuyers Need To Know The
realty low has made it pretty tough for the
defaulters to... On
Developments NRI Buyers Must Know Through various
policy changes in recent past, the Indian
government has been... On
PLC Is Taxable. Read On To Know More While you
were planning to invest in the real estate, you
would... On
FATCA Impact On NRIs Property In India The United
States Foreign Accounts Tax Compliance Act is
prompting numerous NRIs... On
Things T o Keep In Mind If You Are T ransferring
Sale Are you thinking about selling your
property? Well, profit you actually earn... On
NRIs Power Of Attorney To Sell Property In
India If you are a non-resident Indian and want
to conduct the huge... On
Commercial Hub BKC Emerging As A Residential
Sector Bandra Kurla Complex in Mumbai was
initially developed as a business district... On
Ways For NRIs To Invest In The Stock Market In
India NRIs or Non-resident Indians who wish to
invest in Indian securities markets... On
How To Protect Your Property And Wealth?
4
Some of the rich families in India run a family
business. Also,... On
Quick Contacts
oo
Phone No. 91 22 6736 4000 Email
info_at_coldwellbanker.in
Copyright 2017, Coldwell Banker India. All
rights reserved.