After having lived outside of India for close to 40 years or even more, many NRIs are now joining a reverse flow into India, and investing in property back home.
Many are looking for retirement, or semi-retirement homes that may later tempt their children or grandchildren into connections with India. But it can also be good [...]
January 30, 2008 – 2:49 am
Indians going overseas for better economic prospects has been an ongoing phenomenon for decades. But in the past few years NRIs are looking to invest in real estate here. This is why because they see this as a way of staying in feel with their soil identity, others as a purely money-making exercise. Whatever the [...]
By manish
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Posted in Real Estate News
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Also tagged Business Proposition, Chennai Hyderabad, Economic Prospects, Financial Promise, Housing Developments, India Property, Investment Management, Luxury Apartments, Profitable Properties, Project Consultant, Property Investment, Property Owner, Residential Properties
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January 28, 2008 – 5:56 am
There are some queries regarding property dealing with NRI, which always create confusion. The most confusing matter is that when Reserve Bank’s permission is mandatory and when there is no need of all that stuff. Non-resident Indian do not require permission from the Reserve Bank to acquire residential or commercial property. [...]
By Rajani
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Posted in Real Estate Information
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Also tagged Acquisition, Bank Certificate, Banks In India, Citizen, Confusion, Fcnr Accounts, Foreign Exchange, Immovable property, Indian Origin, Inward Remittances, Mumbai, Nre, Proceeds, Property In India, Purchase Consideration, Queries, Repatriation, Reserve bank, Residential Purpose, Rupee Account
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January 28, 2008 – 5:49 am
NRI and PIO can make payment for purchase of residential and commercial property either by fund paid to India through normal banking channel or by funds held in NRE / FCNR (B) / NRO account maintained in India. Payment can not be made either by traveler’s cheque or by foreign currency notes. Payment [...]
By Rajani
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Posted in Real Estate Information
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Also tagged Allotment, Authorized Dealer, Cancellation, Cheque, Close Relatives, Currency Notes, Depositors, Fcnr, Fema, Foreign Currency, Foreign Exchange, Housing loan, Loan Account, Nro, Payment mode, PIO, Refund, Remittance, Repatriation, Repayment of loan, Rupees
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January 28, 2008 – 5:44 am
Under the law, the following categories can freely purchase immovable property in India:
i) Non-Resident Indian (NRI) - that is a citizen of India resident outside India.
ii) Person of Indian Origin (PIO) - that is an individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal [...]
By Rajani
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Posted in Real Estate Information
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Also tagged Afghanistan, Agricultural Land, Bangladesh, Bhutan, Citizen, Citizenship Act, Constitution Of India, Consultation, Government Of India, Immovable property, India Nri, Indian Origin, Indian Passport, Laws, Nepal, PIO, Property In India, Proposals, Residential Accommodation, State Government
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January 15, 2008 – 3:27 am
Immovable property transfer occurs as a big issue sometimes. Sometimes confusions make it more complex. Here’s the clear view of property transfer rules.
Immovable property can be transferred by sale or by gift or through mortgage.
NRI, PIO, Foreign national must have to follow some rules while selling immovable property in India. NRI can [...]
By Rajani
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Posted in Real Estate Information
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Also tagged Afghanistan, Agricultural Land, Authorized Dealer, Bangladesh, Bank Mortgage, Bhutan, Confusions, Finance Institution, Immovable property, Indian Origin, IPO, Iran, Nepal, Pakistan, PIO, Property In India, Reserve bank, Resident Citizen, Rules
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January 14, 2008 – 12:36 am
Jan 09, 2008: Indian property is now in demand outside the India too. All India property exhibition will be held at the Kuwait Ramada Hotel on Jan 11 & 12, 2008. Various leading builders and housing finance organizations from India will take part. Large number of residential and commercial properties from all over India [...]
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