NRIs looking for an investment option in the Indian real estate industry, you must follow these dos and don’ts to secure your interests.
Research has no substitutes: Pricing is one of the most important aspects of investing in real-estate for an Indian as well as NRI. The aim of every investor should be to find the lowest bids which can garner the highest ROI.
However, in a quest to find the lowest bid, one must not forget to consider the factors which would guarantee growth in the market value of the property being bought and the legal aspects related to the property.
For instance, Lodha Palava City, an affordable and luxurious housing project located in Dombivli, is sure to grow in terms of market value within the next few years. you can also purchase your house by availing home loan. most of banks and NBFCs offer home loan.
Understanding the laws concerning real-estate investment in India by NRIs: Since we are talking about how NRIs can invest in Indian real estate, we must talk about the laws pertaining to real-estate investment in India by Non-Residential Indians.
Talking about that, as per Indian laws, an NRI can visit India for the purpose of buying or selling a property. You can also give Power of Attorney (POA) to your relative if you do not want to come down to India to complete the transaction.
Check for RERA verification: With the implementation of RERA, it has become absolutely essential for people, potential real-estate investors to check for RERA verification of the property.
Every property being built has a RERA number starts with the state’s initials in which the property is located.
For buying home if you want to know about how to apply for Loan against property then you must visit Bajaj Housing Finance official website.
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