Do’s and Don’ts for NRI Investment in Real Estate



Indian real estate is always regarded as a high investment avenue for NRIs with multiple investment opportunities due to flexible payment schemes, fruitful returns, luxury properties of global standards, etc. NRIs should take optimum advantage of the situation by ensuring to choose the right investment by adhering to all procedures in order to harvest a good deal.
Here are a few key areas to be focused by NRIs to make a wise decision regarding investments:

1.    Buying and selling

An NRI can buy or sell property in India either by being physically present in the country or by granting Power of Attorney to a trusted member without coming to India.

2.    Home loans

NRIs are eligible to avail home loans in India though the procedure and documents would vary according to residing country. Loan tenure ranges from 10 to 15 years while the amount would depend on factors like age, income, education, etc. Setting up NRE (Non-Resident External) account is advised for the purpose of financing the property purchase and help take back the invested capital in property during resale.

3.    Applicable taxes

The laws, rules and regulations for NRI investors would be different. Rental income is taxable in India just like other nations, but there are times when a treaty might exist between the involved countries regarding double taxation.

Come Invest in fine residential projects offered by Melonwood Homes at prime locations of kochi .Melonwood Homes - One of the top builders in Kochi . For more details visit : https://www.melonwoodhomes.com
Location: # 33/1871-A, Near Medical Center Hospital, Aadapilly Road, P.O,, Vennala, Kochi, Kerala 682028, India

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