The retirement plan of an NRI brings him/her back home. This is the prime reason of surging NRIs property investment in India. During 2005 to 2010, the surging investment in property touched 87%. The estimated growth of this investment by the year 2020 marks 30%. The respective places, which are in the list of favourite destinations for NRI property purchase, are Banagalore, Ahmedabad, Pune, Chennai, Goa and Delhi. Remember! The property should be of immovable category that can be gifted or inherited real estate property. Any inherited agriculture land, farm house and plantation land in the name of the NRI is transferable. But before, he/she should check out property name, sales deed, encumbrance certificate, patta, no due certificate, bank release letter and PAN card.
Read MoreMonth: January 2016
Learn Why Should NRI Invest in Indian Property
Altering scenario of India’s economy and its rapid growth has drawn millions of NRIs eyes towards India for resettlement here. Around 2,800,000+ in Africa, 10,840,000+ in Asia, 4,200,000+ in West Asia, 1,768,834+ in Europe, 5,100,000+ in North America/ Caribbean, 510,000+ in South America and 850,000+ in Oceania are the figures of Indian population. But now, a wide population of this Indian diaspora abroad has begun resettlement in India.
How to Open NRIs NPS Account
Do you know an NRI can open an NPS bank account in India now? What a great boost-up to NRI investment! The stamp of being an NRI creates a number of hurdles in making bank transactions, opening bank account and so on. But Indian government did commendable job by nodding for opening NRIs NPS account. After this announcement, the NRI will be able to invest in pension corpus.
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Skipping 10 Property Investment Tips Can Prove Dangerous To NRIs
India’s improving economy, better infrastructure and enhancing lifestyle of the people have convinced the migrants to think about their resettlement in India seriously. Apart from the advantages of having native place, they will be reunited with their kith and kin. The career opportunities have rapidly expanded. These facts are enough to make them rethink for shifting back to India. Today, it is happening in real. This is why queries from NRIs for investment in property are souring online as well as offline. The depreciated value of INR against dollar has inflamed this desire in NRIs’ heart. They have started investing in highly affordable deal of property purchase.
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Guide to Ensure Protection of NRIs Property
NRI property management becomes tougher to handle. Living overseas or offshores creates multitudes of seams in maintaining and managing NRIs property in India. Hassles will make their presence felt every now and then but few protective measures can halt them.
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