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”.
Imagine a city where concrete hasn’t overtaken nature. Where trees and natural water bodies are abundant and there is ample space to breathe. Where roads are free of traffic and pollution is a thing of the past.
The Uncity is a world with all possible amenities and convenience blended perfectly with peace and serenity.
Special Features About Maha Utsav
Spacious 2 and 3 Bedroom Apartments with three side ventilation and no common wall, equipped with top notch amenities.
Maha Utsav residential project is located in MARG Swarnabhoomi which is a SEZ ( special economic zone ) developed by MARG . MARG Swarnabhoomi is situated in a place called Seekinankuppam in Cheyyur Taluk, which is located about 17 kms from Kalpakkam towards pondycherry on the ECR road . The distance from chennai Tidel Park to the site is 75 kms
In the below space we share the site plan which will give you an insight about the property. Click on the image to view enlarged plan