NRI property Buying
NRI or Non-Resident Indians are citizens of India who are now living abroad and have stayed in India for at least 182 days in a financial year. Regardless of the period, NRIs can own property in India. Given the upsurge in the real estate industry in India, NRIs can buy a property in India and create an asset that can offer financial security.
However, there are certain challenges faced by NRIs while buying a property in India. Firstly managing property transactions from a long distance is a troublesome task. Other challenges include encountering fraudulent builders & property dealers, delays in projects, poor quality projects, and legal issues to name a few. Therefore, as a Non-Resident Indian (NRI) who wants to buy property in India with confidence & peace of mind, it is important to seek guidance from a Real Estate consultant who has complete knowledge about the Indian Real Estate market.
We at Samyak Consultancy Pvt. Ltd will provide you with the required support at all stages of property buying. With more than 30 years of experience in the field of Real Estate consultancy, we provide services that will cater to the challenges faced by NRIs while buying properties from a long distance.
Some of our NRI property-buying services include
1) Property Search –We analyze the budget, preferences, and suitable location for the NRI client and help them find the perfect property as per their requirements. We also educate NRIs regarding the investment opportunity, and current real estate market trends, to name a few.
2) Detailed Property Analysis – We also undertake detailed property analysis to empower NRIs to make decisions about buying a property in India based on accurate and verified information. We conduct thorough due – diligence to assess the quality, legality & market value of the property.
3) Advice on Taxation – There is a fair amount of confusion regarding Tax implications for NRIs while buying property in India. We provide complete knowledge about taxation so that clients can properly understand the tax liabilities in India and their home country. We educate clients regarding income tax, property tax, and other related taxes.
4) Legal assistance – For NRIs buying property in India it is important to provide legal assistance. We at Samyak ensure that property transactions are as per the local laws and regulations. This includes guidance regarding various property documents, title verification, & other legal formalities.
5) Financial Assistance – We provide financial assistance to NRI buyers in the form of Home Loans to purchase real estate in India. There is no restriction on the Loan amount & most banks offer loans to NRIs without any hassles.
At Samyak, we strive to simplify the process of buying properties for NRIs in India and provide them with the necessary guidance in every stage of property buying ensuring a trustworthy, seamless & hassle-free buying experience for NRIs living abroad.