Additionally, paste this code immediately after the openingtag:
Property management is a third-party contractor's daily control of the residential, commercial, or industrial real estate. Property managers are often in charge of day-to-day repairs and continuing maintenance, security, and upkeep of buildings. They typically work with investors who own apartment and condominium complexes, private home communities, shopping malls, and industrial parks.Read more
The Foreign Exchange Management Act (FEMA), which is overseen by the Reserve Bank of India, governs the purchase and acquisition of immovable assets in India by non-residents (RBI). For FEMA purposes, a Non Resident Indian (NRI) is an Indian citizen who resides outside of India. OCI refers to a non-Indian citizen who was born in India or whose parents or grandparents were born there (Overseas Citizen of India). For the sake of our discussion, I will refer to both NRIs and OCIs as NRIs because they are considered equally for real estate investment. The provisions that apply to NRIs and OCIs are the focus of this discussion.Read more
Non-Resident Indians people are those who live more than 182 days in abroad for a year. NRI should take smart decisions to manage their money earned from foreign country. A NRI may face some difficulties while maintaining their bank accounts while involving in transactions. Such transaction may relate to buying or selling a property in India, investments plans in financial schemes etc. Other scenarios may include funds transfer, repatriation, mutual funds investments, home loan transfer, fixed deposits and more.Read more
If you are planning to buy a flat from an NRI, you must understand the NRI Property Tax implications in India and possible deductions on such properties while purchasing it. In case you purchase property from Non-Resident, as per the section 195, 20% of TDS deductions is applicable.Read more
Most NRIs take interest on growing property investments opportunities in India as Indian Rupee slumped to 72.92 per Dollar. As per DNA report there has been raise in enquiries of properties in India. They are mostly looking to purchase in Mumbai, Pune, Delhi. The main reason behind such high demands is 10-15% leverage for buying properties, a property consultant said from Mumbai.Read more
Thank You, for subscribing to our newsletter. You will be receiving the latest updates on all our new arrivals, exclusive deals and special offers.