A property is precious. It requires proper management. But managing property from afar can be a daunting task, especially for non-resident Indians (NRIs). They stay abroad, which is a unique barrier in handling real estate assets in India. With the population of 35.4 million overseas, NRIs (including People of Indian Origins, PIOs, and Overseas Citizens of India, or OCIs) invest in real estate for consistent future returns through its rental income or buying and selling property.
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Get the NRI property management services at finest price in India such as property buying/selling property, utility bills and statutory payments, encumbrance/ khata/ patta/ 7/12 certificates, property monitoring, tenant management and vacation inspection to you.
How Can a Real-Estate Agent Help to Manage, Buy, or Sell Property?
A real estate agent plays a significant role that proves exponential in managing properties for their owners. This crucial role involves marketing, tenant screening, drafting lease agreements, and property maintenance. Doing these things is like a nightmare. Besides, you should be acknowledged about the legal matters, law, updates taking place in them, and expertise in managing a property. That’s why people, especially non-residents of India (NRIs), should consider hiring a property manager or consultant.
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Why Should NRIs Invest in Indian Real Estate?
NRIs are likely to invest 12% in the Indian real estate sector by 2023 and have already invested $15 billion in 2022. Currently, the market size of Indian Real Estate which is US $200 billion is anticipated to rise to US $1 trillion by 2025 and is likely to be 13% of the country’s GDP, according to a news report.
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Why to Hire S2NRI for Property Management Services in Mumbai?
Services 2NRI or S2NRI is a reputed NRI consulting company, which has been assisting natives of India for over a decade. We have a legal team that helps in managing your property well. Here are the topmost reasons why you should hire us for managing your property in Mumbai.
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Tips for NRIs to Follow When Buying Property in India
Recently, RBI has permitted non-residents of India to invest in agricultural or plantation land and a farmhouse. This is an addition to the rights for NRI who want to buy a property here. Earlier, they were able to purchase a residential or commercial property only.
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How S2NRI Help NRIs in Property Management?
Property management is a practice of managing things involved in controlling, maintaining, and oversight of the apartment, house, bungalow, or any piece of land. These practices are applicable on residential, commercial, and real estate land.
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Tips to Consider Before Drafting a Rental Agreement
What is a Rental Agreement?
It’s a legal contract of the rental between a landlord and a tenant. It states the guidelines for temporary possession of the property. This agreement differs from a lease, which is for a fixed term.
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