Are you Non Resident Indian? And you eye the lucrative Indian Market? Well, then must say that let not this opportunity slip off your hands. With the incorporation of the Benami ACT, FEMA, the RERA ACT, demonetisation, and the GST ACT, more and more investors are feeling secured to invest in the booming Indian Real Estate Sector. And why not? Who does not want the capital appreciation in addition to the regular rental income. Buy an apartment or a luxurious villa, the investment in the Navi Mumbai Real Estate Sector is definitely promising. Yes, the gains come hand in hand with small pain when it comes to buy a property in India. It is understandable that the less proximity to the property becomes a major issue while you decide to put the eggs in this basket
Navi Mumbai is growing by leaps and bounds. With its strategic location, tranquil environment, affordable housing and the greater commutation facilities Navi Mumbai is the first option where any investor would build a house of his own. We bring to you simple questions and give you tips so that the investment in your dreams in the Real Estate Sector becomes a happy and easy affair.
1) Why do you want to invest?
Before taking the first step towards your home, it is always advisable to introspect your purpose of investment in Navi Mumbai specially for Projects in Kharghar and Ulwe. You can be specific whether you want it for commercial use, you want to rent the residential home/apartment/villa, or you want to build a home for your old age. If you are looking for only high returns, then select highly developed areas of Navi Mumbai.
2) Did you check how credible is the house Developer?
Once the location is finalised upon, the next tough decision is about the house Developer. You being outside India, it would be appreciated of you thoroughly check the background of the builder. Either through your kith and kins or through having a even one on one communication on skype or phone.
3) Do you opt for housing loan?
The bank process is entirely different for the NRIs. If you have a great record of repayment acquiring loan should not be a hassle at all. If you have a pre-approved loan for yourself then it is just a cake-walk. Know about housing loan thoroughly before moving ahead.
4) Do you know Tax implications in India?
Non-Residential Indians should be cautious about investment, penalties, tax payment in India. Before you invest have a walkthrough the property taxes, rental taxes to avoid any huge losses.
5) Did you verify all the legal documents?
Verify the documents meticulously. The title of the property, the previous owners and the local authorities. You should always understand if there were any legal disputes associated with the property you have chosen.
By answering honestly all these 5 questions, a dream home is no farther away.