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One thing that NRIs needs to give paramount importance is that all transactions have to be made in Indian currency only. However, there is a catch, the loan cannot be credited directly to the bank account of an NRI. What an NRI needs to do is eliminate the middlemen to ensure that the price of the property and commitment is pure and original.
Whereas, it is wise to directly purchase the property from a trusted and reputed builder who has built an empire over the years. When it comes to tax benefits, they are pretty similar to any resident of India. Any NRI is entitled to all the same tax benefits as a resident Indian. Else they will have to rent it out for at least days a year to avoid paying wealth tax.
This rule is only for the first property only. NRIs should do a mandatory backcheck of the builder by inspecting the social media accounts of the real estate company and other online forums. One needs to look for the first-hand experience by connecting with existing customers online to get an exact idea of how satisfied they are with their investment.
What this means is that an NRI can choose someone who is close to them like any relative, friend or even a colleague and all them legally to complete the transaction on your behalf. Ashiana, Ashiana Housing build homes. Homes surrounded by vast green spaces and fresh breeze. Homes cocooned in secured gated complexes. Homes where futures are forged and there are opportunities to grow. And Homes in environments brimming with healthy activity, trust and respect. At heart, we build communities with care.
Other posts by Ashiana. Get expert real estate knowledge straight to your inbox absolutely free. Just enter your email address below. Username or Email. Remember Me. However, a few points NRIs should know before making a real estate investment are as follows- What all documents do NRI require before investing in India? Eliminate the middlemen What an NRI needs to do is eliminate the middlemen to ensure that the price of the property and commitment is pure and original. Verification NRIs should do a mandatory backcheck of the builder by inspecting the social media accounts of the real estate company and other online forums.
First-hand experience One needs to look for the first-hand experience by connecting with existing customers online to get an exact idea of how satisfied they are with their investment. If you would like to start the registration process prior to us receiving a permission form, check the 'I agree' checkbox and press the 'Complete Signup' button below. If you would like to cancel the registration, click here to return to the forums index. For more information about the registration process, or the Forums forums in general, please send email to admin indianrealestateforum.
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