But SOBHA’s efforts to transform the lives of people for good don’t stop just here. SOBHA brings a blog that answers most of your property woes and helps you to make right decision for yourself and your family. The blogs also discuss the latest and upcoming trends in architecture, tracks changes in legal aspects of real estate and complications of buying and selling of properties, offering you best possible solutions.
NRI investment in real estate India has always been the part of the NRIs plans who eventually want to settle down in India after retirement, and with virtually no alterations in the rules of real estate property buying and selling, it becomes a great opportunity for them. Not just for the purpose of post-retirement settlement, but NRIs also buy property in India as an investment. While they are living in some other country earning big bucks, they can also rent out their property in India, accumulating their income and ROI at the same time.
As long as they are following all the rules of Income Tax and FEMA, it is easy for them to build their home in India. Still, there are some rules that NRIs have to follow while thinking of buying a property in India. SOBHA Blog discusses all the rules and regulations that are made for NRIs for buying and selling of property in India. For example, NRIs can’t buy an agricultural land or farmhouse in India, and they can own it only if they have inherited or got it in gift. Similarly, NRIs their agricultural land or farmhouse in India can only be sold to a permanent Indian resident, although the same can be passed on or gifted to NRIs.
SOBHA Blog also explores the best places for property investment in India for NRIs, which brings us to real estate investment in Bangalore. Being the fastest growing city of India, Bangalore offers an opportunity for the investors in the real estate market. With multiplying job opportunities and youngsters from all over the country settling down here, they need good homes for rent and buy. By investing in properties in this city, NRIs can earn good money from rent, at the same time, save a lot in income taxes.
Moreover, there is humane side attached to this as well, such investments help these ambitious professionals to find affordable housing in Bangalore and settle down in a rental apartment. There are a lot of aspects attaches to thinking, but the first and foremost is that no matter what, after a few years, the cost of the apartments, if bought in a prime location, promise a huge return. For this purpose, SOBHA blogs provide valuable insights for NRI Investment in Indian properties, especially in the big cities Bangalore, Mumbai, Delhi Gurgaon and Chennai.