Buying property in India - Non residents investing in property

If 20 to 25% off sounds like music to you when making everyday purchases, then how does almost 25% off sound, on the the purchase of property! The value of the Indian Rupee has been steadily declining for the past few months. The rate of exchange which typically used to be Rupees 45 for a US dollar, currently is close to Rupees 55. The fall of the Indian Rupee, makes prices cheaper in India for NRIs and Persons of Indian origin (PIO) who earn and make payments in foreign currency. If you are a person of Indian origin and have been contemplating purchasing property in India, then perhaps this is the time to act. The Indian rupee has depreciated almost 20% against the US. dollar since July 2011. The low Indian Rupee value offers non resident Indians, a chance to buy property in India with considerable savings. Imagine discounts of 20 to 25% when buying property in India, a country where housing supply will perhaps never meet the demand for housing! The exchange rate advantage for NRIs is not the only reason to buy property in India. Property, if purchased at the right price, is an excellent form of investment. Even if you have no plans of residing in India, a property in India can be an excellent source of income. The housing rental market in India is huge, rents have increased in most cities and the demand for rental properties in the residential and commercial markets continues to grow. There are also rules and regulations that address the worst fear of landlords, when it comes to evicting tenants. Leave and License agreements, these days in many States of India allow speedy eviction of defaulting renters and protect landlords.

Residential or Commercial property

When it comes to purchasing property in India, most people settled abroad think of residential property, however for investment purposes, commercial property may turn out to be a better investment. In the long run, commercial properties will provide a way higher return on your investment. The right kind of commercial property combined with an appropriate tenant such as a bank, can result in an excellent source of income for decades! Whether it is office space, a shop or industrial property, its certainly worth exploring if you are looking for investment property.

Advantages for NRIs buying property now in India

Good exchange rate advantage Easier availability of loans for NRIs to buy property. RBI has cleared the way for NRIs to get housing loans as well as loans for remodeling and repairs of their property. Excellent source of income from rentals For persons of Indian origin residing abroad, savings of almost 25% are now a realistic when buying property in India. Depending on your negotiating skills, you may end up saving even more.

Financial Planning

Financial planning is the key to ensure a comfortable future for yourself and your family. Interest earned on bank accounts in foreign countries that normally pay less that 2%, cannot exactly be considered to be financial planning. if you have money sitting in bank accounts earning low interest, then property investment may be something that you may want to consider. Property purchase in India may be an option worth considering for NRIs. For those NRIs who are thinking of buying property in India, they should try and seek out a reputed builder, a good location and of course the properties layout

Guaranteed Returns on Indian Commercial Properties

Advertisements targeted at Non Resident Investors by some builders, promise a attractive return on their investment. My suggestion would be to do your homework before signing any such deals. There are cases when things are not exactly as they are made to appear in shrewed advertisements. Some builders, usually of commercial projects advertise projects with claims of buyers being able to recoup their original investment in 7 to 9 years! pretty tempting for many NRIs. Note: Readers may be interested in reading a question I received from a NRI investor from Saudi Arabia who purchased property in Delhi, India. Check out question number 248 on this website in our FAQ section.
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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Time to buy property in India is

Now! 

Non residents buying property in India

If 20 to 25% off sounds like music to you when making everyday purchases, then how does almost 25% off sound, on the the purchase of property! The value of the Indian Rupee has been steadily declining for the past few months. The rate of exchange which typically used to be Rupees 45 for a US dollar, currently is close to Rupees 55. The fall of the Indian Rupee, makes prices cheaper in India for NRIs and Persons of Indian origin (PIO) who earn and make payments in foreign currency. If you are a person of Indian origin and have been contemplating purchasing property in India, then perhaps this is the time to act. The Indian rupee has depreciated almost 20% against the US. dollar since July 2011. The low Indian Rupee value offers non resident Indians, a chance to buy property in India with considerable savings. Imagine discounts of 20 to 25% when buying property in India, a country where housing supply will perhaps never meet the demand for housing! The exchange rate advantage for NRIs is not the only reason to buy property in India. Property, if purchased at the right price, is an excellent form of investment. Even if you have no plans of residing in India, a property in India can be an excellent source of income. The housing rental market in India is huge, rents have increased in most cities and the demand for rental properties in the residential and commercial markets continues to grow. There are also rules and regulations that address the worst fear of landlords, when it comes to evicting tenants. Leave and License agreements, these days in many States of India allow speedy eviction of defaulting renters and protect landlords.

Residential or Commercial property

When it comes to purchasing property in India, most people settled abroad think of residential property, however for investment purposes, commercial property may turn out to be a better investment. In the long run, commercial properties will provide a way higher return on your investment. The right kind of commercial property combined with an appropriate tenant such as a bank, can result in an excellent source of income for decades! Whether it is office space, a shop or industrial property, its certainly worth exploring if you are looking for investment property.

Advantages for NRIs buying property

now in India

1.

Good exchange rate advantage

2.

Easier availability of loans for NRIs to buy

property. RBI has cleared the way for NRIs to

get housing loans as well as loans for

remodeling and repairs of their property.

3.

Excellent source of income from rentals

For persons of Indian origin residing abroad, savings of almost 25% are now a realistic when buying property in India. Depending on your negotiating skills, you may end up saving even more.

Financial Planning

Financial planning is the key to ensure a comfortable future for yourself and your family. Interest earned on bank accounts in foreign countries that normally pay less that 2%, cannot exactly be considered to be financial planning. if you have money sitting in bank accounts earning low interest, then property investment may be something that you may want to consider. Property purchase in India may be an option worth considering for NRIs. For those NRIs who are thinking of buying property in India, they should try and seek out a reputed builder, a good location and of course the properties layout

Guaranteed Returns on Indian

Commercial Properties

Advertisements targeted at Non Resident Investors by some builders, promise a attractive return on their investment. My suggestion would be to do your homework before signing any such deals. There are cases when things are not exactly as they are made to appear in shrewed advertisements. Some builders, usually of commercial projects advertise projects with claims of buyers being able to recoup their original investment in 7 to 9 years! pretty tempting for many NRIs. Note: Readers may be interested in reading a question I received from a NRI investor from Saudi Arabia who purchased property in Delhi, India. Check out question number 248 on this website in our FAQ section.
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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