Although the market rises and falls with changing circumstances, real estate investment remains a lucrative long-term proposition. Especially for NRIs, it is a means to utilize their savings and increase their financial portfolio.Property is a fruitful investment, whether you plan to move back to India in the future, maintain your Indian connection, flow back money towards the family in the country or simply as a source of extra income that can be stashed away. Pune is a perfect balance of upbeat city life and the calm of natural beauty.
The ratio between the Indian economy vs rising dollar value makes NRI investment easier as well. But buying real estate is not exactly as simple as it sounds. The field is highly diverse, with various establishments and verticals. Whether it is buying an apartment, housing or commercial space, there are policies in place, especially for NRIs, to make the investment process more straightforward and legal.
Suppose you are looking to buy a property in India, or invest in 4 BHK villas in Pune. In that case, we suggest you get familiar with a few points before you finalise your dream villa in India:
The FEMA or Foreign Exchange Management Act states that any NRI who holds a valid passport can buy any residential or commercial immovable property in India. Vaarivana luxury villas in Pune are well-covered within these guidelines.
Since NRIs are not always physically present in India, it is necessary to give the Power of Attorney to someone trustworthy to keep the property transactions, registrations and legalities smooth and timely.
The RBI permits banks and housing finance companies to provide home loans to NRIs up to 80% of the property value. Varivaana offers NRI investment options against such loans.
Equated monthly instalments are the best way to invest in a property. However, one must keep a check on the Forex exchange rate as these may affect the EMIs.
If you are looking to invest in Pune, Vaarivana, at Urse, is a popular investment choice for many NRIs. We offer luxurious villas at an altitude with beautiful weather and natural beauty all around. With an impressive golf course, eco-friendly design and 70% open space, you will not miss your overseas stay any longer.
Vaarivana has all essential amenities like school, healthcare, retail outlets etc., within its periphery. Strategically located and well connected with proposed roads and malls, it makes Varivaana everything you need in a home.
Along with paradise living, Varivaana promises transparency in dealings and offers premium and global standard amenities. You get what you see and what you are promised. So explore our 3 & 4 BHK luxury villa for sale in Pune at the earliest or contact us further for any queries.
Yes, NRIs can invest in real estate in India as per the FEMA guidelines. They are allowed to buy residential or commercial property with a valid passport. NRIs can avail of home loans up to 80% of the property value, and giving Power of Attorney helps in smooth transactions.
The FEMA laws of the RBI state that any NRI with a valid passport can purchase residential or commercial immovable property in India. NRIs can avail home loans up to 80% of the property value and must consider Forex exchange rates while paying EMIs for property investment.
The RBI guidelines for NRI investment in real estate state that any NRI holding a valid passport can purchase residential or commercial property in India. They can avail themselves of home loans of up to 80% of the property value. NRIs can appoint a Power of Attorney for property transactions and legalities.
TDS (Tax Deducted at Source) rules for NRI property sale state that if an NRI sells a property in India, TDS at the rate of 20% on the long-term capital gains and 30% on short-term capital gains is applicable. The buyer deducts this TDS amount and remits it to the Income Tax Department.