Advantages for NRI’S in Property Investment

We are now having a look at why PROPERTY INVESTMENT can be a GOOD OPPORTUNITY for the NRI.

• The generally liberal policies of the Government have been very helpful for the NRI investor subject to the compliance of FEMA.
• That there is no restriction on the number of properties they can purchase in India is a great advantage.
• Besides, they do not require the RBI permission as is wanted in several other spheres.
• Banks have been willing contributors to the NRI’s who wanted to add such an asset treating them on par with Resident Indians.
• Payments for purchase can be made through  funds remitted from abroad or out of balances in their NRE NRO FCNR accounts.
• In case of the NRI’s inability to travel to India in the course of a sale, the facility of Power of Attorney given to a close relative is very helpful.
• Stamp duty and Registrations processes are quite easy to understand and friendly.
• Loan Repayments are permissible from in he NRI’s FCNR / NRO / or  NRE a/c or a relative can be deputed to repay the same.
• The Rental advantage is always there in that the rental returns have been steady and worthwhile.
• Investment in India makes sense because of a disciplined stock market and its professional regulation.
• The feel-good feeling given by the Indian economy is a shawl of security.
• Stabilization of markets , earlier on ,  have been helpful to the cause of providing trust.
• The proposed single window investment promotion council planned by the Government looks a good promise to remove the red tape.
• To an NRI, a  base in the homeland is an added security.
• The revision in investor laws has allowed a surge of investment.

NRI‘s can set up family trusts abroad for education of his children/ maintenance of his family members. Such trusts can also be Asset Protection Trusts( including property )  where the assets held by the trust are free from attachment by the creditors.

Compared to times by-gone where the NRI was confronted from the Local Panchayat /Municipal /Corporation levels and was struggling to set foothold with property laws,income tax laws,wealth tax issues, succession legislation,land ceilings and others times have changed to welcoming the NRI’s with a red carpet and they in turn giving such an extraordinary response.

And lastly,  the depreciating Indian Rupee has proved a great advantage in that the NRI gets “so much more for less”.

Surely, GOOD TIMES AHEAD for the NRI clan !!!