Things NRIs should keep in mind while buying property in India


Asmitabedi94

Uploaded on Nov 19, 2021

Category Real Estate

In case you are a non-resident Indian (NRI) who is planning to buy a property in India, there are a few things that you should always keep in mind before you make an investment. NRIs have played a pivotal role in the Indian real estate market over the years. Due to the multiple rules and regulations involved in the process, property purchase might be a complex affair. Hence, if you are planning to buy a property in India, here are a few things that may help you sail through process seamlessly.

Category Real Estate

Comments

                     

Things NRIs should keep in mind while buying property in India

GOEL GANGA DEVELOPMENTS THINGS NRI'S SHOULD KEEP IN MIND WHILE BUYING PROPERTY IN INDIA PRESENTATION OUTLINE TOPICS AND HIGHLIGHTS • About Goel Ganga Developments • Nature of the property • Tax Benefits • Transactions • Home loan • Contact Us GOEL GANGA DEVELOPMENTS Goel Ganga Developments is one of the most trusted real estate developer in Pune. It is also a multi-faceted business conglomerate with business ventures across myriad sectors like education, logistics and energy. We are known for our time-tested commitment to details, innovation, reliability and value. Be it any sector we deal in; a customer-first approach is the crux of our business operations. NATURE OF THE PROPERTY Being an NRI you can buy all sorts of immovable properties in India apart from agricultural land, farmhouse, and plantation property. TAX BENEFITS The NRIs are offered certain tax benefits. If you sell the purchased property within 3 years of time, it comes under the short-term capital gain wherein taxes are applicable. TRANSACTIONS All investments are supposed to be made in Indian currency using an NRE (non-resident rupee) and NRO (non-resident ordinary rupee) account from any Indian bank or FCNR HOME LOAN The RBI has given general permission to banks and housing finance companies registered with the National Housing Bank to provide loans to NRIs for buying residential property in India CONTACT GOEL GANGA DEVELUOPSMENTS Address 5 Bund Garden Road, Camp, Pune, 411001 Website https://goelgangadevelopments.c om/ Phone Number (020) 2611 3701