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NRI settle all across the world have a progressive mind set. They look real estate a good investment for long term. In return they want transparency and honesty. FAQ by NRI. Contact us now 9818305383.
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Torbit Consulting NRI interest in real estate market in India What do the NRIs expect from the developers in form of information, support to close a transaction, paper work and legal, possession and registry related help etc. What are the best practices a developer can adopt to ease the information and transaction with the NRI community?
Torbit Consulting • NRI Interest in Real Estate Market in India – NRI Mind set:
Torbit Consulting Indians settled all across the world continue to maintain a conservative but growth-oriented mind set, irrespective of how successful they are in their lives. Real estate and gold are natural attractions to hedge their spare money against inflation, preserve capital, and receive reasonable and honest returns on their investments.
Torbit Consulting • NRIs Perception and Reservation Towards Indian Real Estate:
Torbit Consulting • NRIs do not follow the Indian real estate market very closely and hence may end up paying higher purchase price. NRIs are mostly straight forward and lack negotiation skills for discounts and special pricing. Either builders needs to be extremely transparent or NRI should work through brokers for best pricing. • Builders are not honest- there is a vast difference between what they commit to and what they deliver. • Builders may run away with customer’s money and not deliver at all or with extreme delay.
Torbit Consulting • FAQ by NRIs:
Torbit Consulting • Is real estate a good investment in India? Why? • How to determine if a developer is honest and will stand by his commitments? • What to do when a NRI customer is not satisfied in dealing with the developer after purchase? • Should NRI buy through brokers of directly through the developer? How to evaluate and confirm the right purchase price and timing? • How to connect with other buyers and share their experiences, seek advice? • How can money be transferred? What are the laws for NRIs, if they are any different than resident Indians? • What extra paperwork is required viz PIO, OCI etc.? • What kind of account needs to be opened in India?
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