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Investment in Immovable properties |
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| The property market in India is yet in a nascent stage and the scope is simply unlimited. It does not resemble a bubble that will burst. Growth in this market for the next twenty years is almost sure.
According to Jones Lang LaSalle CEO, Colin Dyer, faster economic growth in Brazil, Russia, India and China (BRIC) could result in the property markets of those nations recovering at a faster rate than the UK and US real estate markets. It has also been suggested that India's property sector could begin to improve from late 2009 and may attract up to US$ 12.11 billion in real estate investment over a five-year period.
This provides NRIs with excellent avenues for investment in the country’s housing and real estate sector. In recent years, non-resident Indians (NRIs) have played a very important role in transforming the Indian real estate market. Opening-up of the Indian economy provided them with new opportunities and they have shown a great deal of confidence in the changed set up.
If you wish to invest in the property market in India, this is the right time to do so. We would help you in the following ways :-
- Identifying and negotiating the best property as per your requirements and provide you with a list of options;
- Helping you in evaluating the various options;
- Getting RBI approval wherever required;
- We would help you to get following with regard to the property proposed to be bought :-
- Getting valuation report from a government approved valuer,
- Getting Title clearance/non encumbrance certificate from the lawyer/solicitor We would help you in getting these reports. Eventual decision of buying the property rests with you and we do not take any responsibilities on any of the above reports. - Registration of power of attorney (POA) in favour of your resident relative to carry out all the legal formalities on your behalf;
- Closing the deal – Execution and registration of the agreement;
- Getting the loan sanctioned;
- Renting / Selling / Gifting the property;
- Repatriation of Rent as well as the Sale proceeds after paying applicable taxes.
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