The price of property is skyrocketing in India. It’s immensely difficult to think about investing in a property through personal finance. There are many reasons behind this fact, like limited monthly income, uncertain expenses etc.. Undoubtedly, funding for home costs an arm and a leg. But still, it’s possible to buy a home. Yes, you can have it through home loan. You don’t need to take out mortgage. Neither do you need to take financial help from your relatives.
Read MoreAuthor: Manoj Sodhani
Tips to Monitor NRIs Property in India
NRI’s problems related to property monitoring:
Do you own a property in India?
It’s a walkover if you live in India. You need not spend hundreds of dollars for visiting your own property. Neither would you worry about the encroachers. However, unscrupulous people tend to seize properties. But, if you make occasional rounds, it ensures that your fixed asset would be safe.
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Social Security – NRI Parent’s Income Source in USA
Senior Citizens in India:
The Ministry of Social Justice and Empowerment stated that India had 103.8 million senior citizens in 2011. This count is likely to rise by 143 million & 173 million senior citizens till 2021 and 2026. The people over 60 years of age, who are called senior citizens in India, would contribute 25 percent to its total population by 2050.
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Tax Implications for NRI Property Investment in India
Do you know that you’ve to pay tax if you want to sell or purchase property in India from abroad?
Yes, you have to pay. Before taking any such step, you should know the property investment taxation laws for NRIs. Otherwise, your taxable money would mount a lot.
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USCIS Immigration Law Amended: Signature Required
The USCIS (US Citizenship and Immigration Services) has come with some really rough and tough immigration laws. The Trump ruling governance is committed to bring the natives at the fore position. Be it education or any job facility, it works dead seriously to protect its civilians’ rights.
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What is Virtual ID? How to Link It With Ujjawal Yojna & DBT?
Do you have an Aadhaar Card? Have you integrated it with your mobile phone and bank account?
The government had issued a notice to unify them as a guideline earlier. But yes, the Supreme Court has kept this matter under consideration. You don’t need to share it with your bank or telecom service provider unless the verdict comes out. It’s your personal unique identity. The apex court has granted you a liberty to keep it with you.
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Best Career Opportunities for NRIs in India
Job Opportunities in Indian Government Sector:
Indian is an ideal region for the job opportunists. According to the economic times, the union budget (2018-19) mentioned 2.53 lakh central government jobs in the two previous months. The finance minister Arun Jaitley announced to throw 35.05 Lakh job opportunities as on 1st March 2018. If you compare this figure with 32.52 Lakh employees, the difference of around 2.53 Lakh career opportunities would reflect. Of course, this difference would be ahead of the figures shown in 2016.
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