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NRIs and Foreign Investment in Housing In India

 
Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs) and Foreigners are permitted to acquire/own/rent/sell Immovable Property in India subject to certain terms and conditions. NRIs and PIOs may also avail loans against housing property. They are also permitted to repatriate their income by way of rent as well as sale proceeds of their Residential Property, subject to complying with certain requirements laid down by the Reserve Bank of India.
Here We Cover :
Investment OpportunitiesProcessing / Acquiring PropertyInvestment by NRIs / PIOs / Foreigners
Types of Investors and special guidelines for each
 
Processes, Steps and Safeguards for acquiring Immovable Property
 
Foreign Direct Investment (FDI) Policy
 
Types of Investments
 
Negotiating the Price
 
Guidelines for FDI in Real Estate
 
Identification of  Commercial Property for Investment Incentives/subsidies given by Central/State Government
 
Verification of Title
 
Foreign Exchange Management (FEMA) Act, 1999
 
Opportunities for Investing in Commercial Property
 
Scrutiny Relating to Buildings and Structure on the Land
 
Definition of NRIs, PIOs, Foreigners (under FEMA and Income Tax Act, 1961
 
Investment in IT Parks
 
Legal Scrutiny Relating to Title of the Land
 
Guidelines for Acquisition of Property in India by NRIs, PIOs, Foreigners
 
Investment in Industrial Parks
 
Execution of Sale Documents and Compliance with Registration requirements
 
Key Deciding Factors for Choosing a Location
 
Investment in Special Economic Zones
 
Caution to be exercised in case of Power of Attorneys
 
Loan Sanctioning/Availing Process
 
Government assistance in land acquisition and Notified Commercial Areas
 
Guidelines for taking Possession
 
Taxation Aspect for NRIs, PIOs, Foreigners
 
Zoning Laws, Conversion of property
 
Mutation
 
Double Tax Avoidance Agreement
 
Taxation aspects for Commercial Property
 
Stamp Duty Calculator
 
Guidelines for NRIs, PIOs for Sale of Property and Repatriation
 
Guidelines for achieving maximum returns on investment
 
Loan Sanctioning/Availing Process
 
Concessions and Facilities Available to NRIs, PIOs
 
Joint Ventures
 
Grievance and Redressal Mechanisms
 
Handling NRI/PIO/Foreigner Queries and Complaints
 
 
Letting out Immovable property
 
Mortgage Rules
 
 
Renting Immovable property
 
Documents required for acquiring property by NRIs/PIOs/Foreigners
 
 
Rent Control Act
 
 
 
Insurance of Immovable Property
 
 
 
Role of Power of Attorney
 
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1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

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4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

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