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.
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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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Top 5 Property Investment Tips for NRIs
According to the IMF (International Monetary Fund), India is 12th largest economy in the world and it is expected to be at 4th position by 2012. Although, the high inflammation rate still remains a concern in India but the economy is growing exponentially from past few years and will continue to do so.
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‘MLS’ Can Be NRI’s Favourite for Property Investment
Innovation and discoveries in technology are demanded worldwide. Even, pan globe is crazy to imitate what’s new in this field. India is also one of them. Well, it’s all for the good. So, it is a wise idea to let people share the newness. After all, growth in economy will take place only when every sector will progress. Likewise, India’s realty sector is also in need of improvement.
Should NRIs Make Property Investment In India?
Undoubtedly, builders and housing companies have tried so hard to bring boom in real-estate sector. They have done a little bit of corrections in metropolitan cities’ housing prices. It’s a welcome decent change but the goal is still far away. Concentrating on NRI as their future audience, they have trimmed prices to facilitate NRI services. Even, innovations are on trial too for tempting NRIs & other buyers. But the depression of housing sales can be static and worrisome.
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