Investing in property is a great way to save or increase the money value. Investing in property is beneficial for NRIs. Buying a property is easier but Non-resident Indians(NRIs) should understand certain real estate rules and regulations before buying a property in India. See the main points NRI's should consider before buying a property.
The NRI's who holds a valid Indian passport can invest in residential or commercial property according to Foreign exchange Management Act.
NRI can own as many immovable properties without needing any government permission by fund transfer through regular banking channels
NRI's are eligible for home loans as Indian investors. Many NRI Home loan schemes are available.
planning to give out out the property for rent, the income is taxable. You can claim tax benefits of up to 1 lakh.
Consult a good lawyer before you buy the property to understand the rules and regulations.
Flats and Apartments in Trivandrum
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