Mrs. Reshma Hajite Director - Sales & Marketing Excellence Shelters Pvt. Ltd. Interview On Akashwani 101 On "Plot Che Pardarshi Vyavhar" Will Be Broadcasted Every Monday 10:30 Am And Friday 9:30 Am.

Here Is The English Transcript Of 9th Episode On "Know How For NRI To Buy Plots?"

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Any Indian Residing Outside India For More Than 180 Days Is Considered As An NRI Even If He Working There And Is Staying Temporarily. The General Land Investment Rules For NRIs Are Slightly Different Compared To The Regular Residents Of India. The Most Important Thing That Needs To Be Kept In Mind When A NRI Is Investing In Land In India Is That They Can Only Invest In NA Lands That In Non Agricultural Land, They Cannot Directly Invest In Agricultural Land Or Farm House NA. So While Buying They Need To See What Type Of NA It Is As They Can Invest In Any Other NA Apart From Farm House NA And Agricultural Land.

The Purpose Of Investment Is Also Very Important. Generally They Invest For Two Major Reasons, One Is That They Plan To Invest At A Certain Price Today And When They Come Back To India If That Area Is Proposed To Come In City Limits They Can Build On It And Stay There. Also They Might Get Good Appreciation Over The Price That They Have Invested Today. Secondly They Invest Money In India As They As The Appreciation Cost Is Better Comparatively. So While Investing They Calculate The ROI ( Return On Investment) That They Are Going To Get Out Of That Investment Over The Period Of Years And Take The Money Back To The Their Residing Country.

There Are Other Legalities Also That Need To Be In Mind Such As The Maintenance Of The Land As It Is Physically Not Possible For Them To Maintain It So They Can Hire Someone To Maintain It For Them. It Is Also Advisable To Buy In A Gated Community From The Security Point Of View Be It Physical Security Or Legal Security. Being In The Gated Community The Developers Take Care That No One Can Miss Use The Plot As There Is Proper Fencing And Proper Security.

At Times People Try And Buy Agricultural Land On Their Names With The Help Of Their First Relatives Like Mother, Father Or Wife. They Can Buy Such Land Only If The Person That Is Buying The Land Has An Agricultural 7/12 On His Or Her Name. But The Major Drawback Of This Investment Is That They Cannot Take That Money Back To Their Residing Country Like They Can If They Invest In A NA Residential Plot.

If A NRI Wants To Invest In India He Has To Do The Transactions Through The NRE Account And Through The Same Account He Can Take The Money Back After Paying The Taxes As Per The Government Rules.

For More Details About Real Estate Investment In Residential NA Plots
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