Until recently, NRI’s holding properties in India had a lot of limitations to reap its appreciation. One of them being the lock-in of 10 years before any proceeds from the sale of immovable property can be repatriated (that too with a ceiling of $1 million). In a recent release by Reserve Bank of India (RBI), that limitation is being lifted.
What it means is a reason to rejoice for NRI’s looking to invest in the booming Real Esate of India. Simply it means that one can invest into immovable properties at India and can repatriate upto $ 1 million, yep, thats approximately Rs. 4.5 Cr per person in one financial year. This would fuel investments into this sector into India as India has been seeing a lot of consistent growth lately. The investor can now enter and exit quite easily.
Investors can now use services like www.atoneplace.com to stay informed of the available options, invest and repatriate – all as a one stop solution, in the Indian Real Estate Segment.
For news release: http://content.msn.co.in/Nri/nriians_191106_1226.htm
PLEASE READ THE IMPORTANT DISCLOSURES BELOW.
Investment services and products are offered by atOnePlace.com or its partner companies, agents and developers. Though every care is taken to ensure completeness of data, One Place Infotech takes no responsibility whatsoever, on the accuracy of data. Prices are subject to change and are indicative only. Please check with the seller and applicable laws before making any investment decision. Early Opportinities or Pre-Launches or Options bear a significant risk and might not be legal as per prevailing law. One Place Infotech and its marketplace website, atOnePlace™ highly recommends customers check with local agencies, authorities and make a conscious decision. This piece is information is being shared with users of www.atoneplace.com based on reports by various news agencies. Kindly check with a professional tax advisor and a real estate professsional before making any investment decision. This is not an offer of real estate for sale, nor a solicitation of an offer to buy, to residents of any state, province or country in which registration or other legal requirements have not been fulfilled.
Saurav said
Buying property in India!!! the 1st image that conjures up is that of a
man in white shirt, cell phone in one hand and diary in other…and if
he is “Big” a Mahindra Scorpio.
The code words, actions they used to communicate with each other is
difficult to understand for lesser mortals like us who set out to own a
home in India. Recently I saw a news where they have started an ‘Easy
Cab’ Service in New Delhi, Nice cars, well behaved Chauffeurs all
connected with technology…Technology on the other hand in not about
big main frame computers or Servers but about its application in the
simplest of things….
Yes the charge may be little higher but definitely not what your
autowallah may try to fleece you with.. I don’t know how or who the
entrepreneur is behind it, but the point is he or she got customer
service and technology to come together and create an opportunity in
something as common as transport.
We want to do the same with Indian Real estate sector. atOnePlace(TM)
is an effort to bridge the gap of Information, trust and customer
service by using technology and provide all solutions to one person who
wants to be a part of Indian Realty at one place. The road ahead is
challenging but we have taken our baby steps.
We Invite everyone, who wants to invest in Indian realty, to come and
explore ‘atOnePlace(TM)’ http://www.atoneplace.com
riathareja said
The policies set out by the government regarding property investment and repatriation, has made opportunities of investments in India even more favorable. Under the present relaxed conditions, Non-resident Indians (NRI) and persons of Indian origin (PIO) can invest in property in India.Returns from real estate investments in India have consistently performed well and even out performed the other investment options. However, easy home loan availability by financial institutions in India, NRI remittances and repatriation procedures has emerged as the best of all the available prospects for the NRIs looking forward to return to India.The real estate sector in India is undergoing a self-organization from being a highly unorganized sector. This has been one of the most crucial factors for India gaining its status as a highly favored investment destination through FDI and funds.India has “enormous potential in all its property investment categories”. Strong population growth, a large pool of qualified workers, greater integration with the world economy and increasing domestic and foreign investment are fuelling demand for office, retail and residential property. India’s burgeoning middle class will drive up nominal retail sales through 2010 by 10% p.a. At the same time, organised retail is becoming more important. At present organised retail accounts for a mere 3% of the total; by 2010 this share will already have reached 10%.India is the prime destination for IT services outsourcing. In the coming five years, at least 55 million m² of extra office space must be completed in the premium office segment alone. Property investments in India are not risk-free. Market transparency is far behind European or US standards. It is therefore vital for foreign investors to have a professional local partner. The lack of liquidity and upward pressure of pricing remain the main concern within the market.For more view- realtydigest.blogspot.com