The Indian property market is reaching up to the new heights of success and glory. Even NRIs are now showing interests in the properties here. The possibilities of growth are very high here and hence, investment portfolios are looking very bright.
NRI investment has become a very relevant part in Indian Real Estate and hence, it becomes more important for these non-residents of India to know more about the important rules and certain guidelines which have been prepared for the same.
There are numerous reasons for which NRIs are taking parts in real estate investments in India. These include higher returns, emotional connection to this land or if they wish to settle down here after the retirement etc. In recent times, the investments from NRIs have been increased a lot and thus, all those people have the right to known about their rights which they get here.
NRIs should keep in mind some important FEMA rules which gives permission to any person to acquire any immovable property here whether he is of Indian origin or not. NRIs can purchase any type of commercial or residential properties in India but they cannot hold here any type of plantation property, farm house or agricultural land here.
Apart from these some major financial transaction rules are also been mentioned in the guidelines which can be summarised as they can only make a limited amount of payment and funds can be remitted through any normal banking channel. NRIs and PIOs can also apply for home loans and get them they can clear all eligibilities and criterions mentioned in the bank rules.
For the beneficiary of NRIs, these rules are very important and need to be considered while investing in Indian Real Estate.
Mahindra Aqualily – An Excellent Investment Choice in Chennai
NRI’s looking for outstanding villas and apartments in India and searching for extremely plush surroundings can please consider Mahindra Aqualily in Chennai. The local buyers and investors are loving this project as at genuine Mahindra Aqualily Price, one can get exceptional features here.
A wide variety of housing options like 1, 3, 3.5, 4 BHK and duplex homes are present in Mahindra Aqualily Chennai. The interiors are very charming and lavish.
The residents of Mahindra Aqualily GST Road can avail all the major location advantages and the estate is fully-loaded with lifestyle amenities.