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Impact of RERA on NRIs investing in property market in India

Indian property advertise has been constantly really appealing for the Non-inhabitant Indians who are intrigued to have establishes in their nation of origin. A few purposes behind the non-occupant Indians speculations could be diverse appropriate from the redesigning the family home by offering a superior way of life to the guardians by having mark property to return to. http://coldwellbankerindia.blogspot.in/2017/11/impact-of-rera-on-nris-investing-in.html

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Impact of RERA on NRIs investing in property market in India

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  1. Diese Website verwendet Cookies von Google, um ihre Dienste bereitzustellen, Anzeigen zu personalisieren und Zugriffe zu analysieren. Informationen daruber, wie du die Website verwendest, werden an Google weitergegeben. Durch die Nutzung dieser Website erklarst du dich damit einverstanden, dass sie Cookies verwendet. WEITERE INFORMATIONEN OK Wednesday, 15 November 2017 About Me Coldwell Banker G+Follow 0 View my complete profile Impact of RERA on NRIs investing in property market in India Indian property market has been always pretty attractive for the Non-resident Indians who are interested to have roots in their home country. Some reasons for the nonresident Indians investments could be different right from the upgrading the family home by offering a better lifestyle to the parents by having signature property to come back to. To address the present spate of the reforms would have some positive impact on the non-resident Indians, it’s vital to understand what basically concerns the NRIs while investing in India. Till now, the common concern of NRIs are investing for real estate has certainly been to opaque nature of the business, no concept of standardized due diligence, lack of information, completion of projects tedious, untimely delivery and o legal recourse for the buyers. Specifically for the non-resident Indians, the cumbersome nature of the follow-ups with developers where the projects were not finished was huge demotivation to invest in property in their home country. Now, the question is whether non-resident Indians can be more confident in making any investment decision with the policy changes like GST and RERA attract the NRIs for investment in real estate companies. The government has hugely addressed most of the concerns mentioned above by some of the prime policy changes that were introduced in 2016, such as the Goods and Services Tax (GST) and Real Estate Regulations Act (RERA) and the Benami

  2. Transaction Act. Real Estate Regulations Act 2016 or RERA will make sure the regulations in this hugely unregulated market. The property buying will be more protected as well as greater transparency in the sector will also be visible. RERA will certainly put accountability on developers in terms of the timely development of the project, financial disclosure, and maintain some good corporate governance practices. GST is the single-biggest tax reforms that are introduced in India. It aims at removing the differences in the indirect taxes that are applicable across several states. The realty sector stands to benefit the fact that GST would actually provide much more clarity on the tax credits for re transactions as well as the allowances of input credit that would reduce the property price. Benami Transactions (Prohibition) Act certainly provides an effective regime for the prohibition of the Benami transactions. The revised law empowers specified authorities to attach provisionally Benami Properties which can actually be confiscated. Also, if any person id found guilty of any offence of the Benami transaction by contempt of court, he/she shall be punishable with severe imprisonment for a term which will not be less than a year but which may extend to seven years along with being liable to a fine which may extend as much as the 25% of the fair market value of the property. Introduction of Real Estate Investment Trust will have a great positive impact on Real estate sector. The Real Estate Investment Trust has opened up a platform that will let all kinds of investors when those with the lesser budgets to make safe as well as rewarding investments into the Indian real estate market. For the non-resident Indians, investment sentiment is hugely boosted by RERA, Benami Act,Real estate investmenttrust, GST and some government initiatives such as demonetization. All these measures have definitely boosted transparency as well as the amended rules and regulations which have hugely simplified the process of purchase. The lenient FEMA policies, as well as the relaxation of the law by Reserve Bank of India regarding buying property by NRIs, have resurrected the Non-resident Indians’ interest in the purchase of the property. Posted byColdwell Banker at 23:22M0 t]B® G+ Labels: best investment options in india,best investment plan in india, best investment plans for nri in india, investment opportunities in india for nri,nri investment in real estate companies No comments: Post a Comment Enter your comment.. Comment as: Select profile.. Preview Home Subscribe to:Post Comments (Atom) Simple theme. Powered byBlogger.

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