• India is a country of ~1.3 billion people with a fast growing economy is going to need hundreds of millions of houses in the coming years. The growth potential of Indian real estate is phenomenal.

• Mumbai, Thane, Navi-Mumbai, Bengaluru and Surat are expected to yield returns of between 9 and 19%over the next 5 years (Knight Frank). That’s an average figure. The best opportunities might yield even higher.

• Mumbai, Bengaluru and the NCR are expected to yield returns of between 9 and 19% over the next 5 years (Knight Frank). That’s an average figure. The best opportunities might yield even higher.

• The Government of India has taken various initiatives to spur this sector on, such as an allocation of US$ 1.16 billion for the development of 100 smart cities and allowing 100% foreign direct investment (FDI).

• Real Estate Private EquityInvestment is set to double to $4 Billion in the next 2 years owing to the 100%FDI allowance.

• Expected to attract unprecedented NRI investment in the near future with a 35% increase in inquiries with property developers.

• Real Estate Private Equity Investment is set to double to $3 Billion in the next 2 years owing to the 100% FDI allowance.

• Expected to attract unprecedented NRI investment in the near future with a 35% increase in inquiries with property developers.

GET IN TOUCH

1. RERA Flats offer properties that are verified, Certified and Legally Vetted; we have tied up with India’s top legal firm to provide Report on Inspection Technical and Legal Valuation.
   
2. RERA Flats have dedicated Relationship Manager who would provide end to end service like showing various properties, Legal and Registration, Finance and loans and Renting it out too
   
3. We have properties in Mumbai,Thane, Navi Mumbai, Pune, Lonavala, Khandala and Bangalore. Our properties starts from 7 lakhs to 7 crore. All properties are new properties either under construction or ready to move.
   
4. We offer better price as we negotiate in Bulk and pass on the price to the Buyers.
   
5. We don’t charge you for any services as we get our commission from Builder/Developer and Banks.
   

According to the regulations of FEMA and RBI, a NRI is permitted to make specific investment in real estate. A NRI is allowed to do the following investments in property: 

1. Any immovable property can be purchased by a NRI in India other than any agricultural land,farm house and plantation property
   
2. A NRI can get any immovable property as mentioned above by gift from an Indian resident, Indian citizen residing outside India or person of Indian origin.
   
3. Obtain any property by inheritance.
   
4. A NRI can transfer immovable property to any resident of India by sale.
   
5. A NRI can transfer any agricultural land, farmhouse or plantation land to any resident of India by gift.
   
6. A NRI can also transfer his residential or commercial property by means of gift to any person either residing in India or abroad or person of Indian origin.
   

As a NRI, it is important to identify your reasons for investing in a property in India and to understand what you hope to achieve from this investment. The obvious goal from any investment is to yield the maximum returns possible. With diligent planning of your strategy and goals, RERA Flats can help with finding specific deals that meet your requirements and will help you make a profitable investment in India.

NRIs consider financial institutions as an easy option available in India for purchasing property. At the same time financial institutions consider NRIs as worthy potential clients.Financial institutions provide home loans easily,efficiently and sooner to such people as they are very much prompt at the time of repayment. Furthermore, the repayment can readily be done by inward remittance through the proper banking channel. If someone is already getting income in India from sources like rent or dividend,he/she can directly repay the loan as well.

Now RBI has also predetermined these norms in home loans for non-residents who are looking forward to buying any property:

1. The financial institution finances a maximum of 80 per cent amount. The rest should be given by the NRI.
   
2. The remittance of the amount for down payment can be done from the place of residence by normal banking channels, i.e., NRO/NRE account in India.
   
3. The NRI has to repay their principal amount as well as interest part from that similar channel only. 
   

Payment Options:

When investing in India, it is important to understand the payment plan options made available by the developer concerned. Typically, one has to pay about 10% of the total sale price as a deposit.

Down Payment Plan:

In a down payment plan, the buyer would be required to make a payment of 10% of the purchase price upfront with another 85% within 30 days of the booking date.

Construction Linked Payment Plan:

In this plan, payments are made to the developer in installments over a period of time spanning the time taken for construction of the building. The buyer pays 10% at the time of booking and another linked to progress of work

Flexi Plan:

The flexi plan includes features from both the down payment and the construction linked payment plan. Under this plan, the buyer would, as in a down payment plan, have to pay 10% at the time of booking and another 30-40% within 30 days of the booking date.

Tax implications for NRIs looking for property in India:

NRIs has to shell out stamp duty as well as registration fees at the time of purchase. They are entitled to avail all sorts of benefits at par with Indian residents on the interest paid for the home loan. However, the tax process becomes full of twists and turns if the property is leased.

As the amount of income received from such action falls under the heading of ‘Income from Property, standard deduction is applicable as per the standard slab. In this case, the NRI will have to pay the applicable tax if he/she is residing in the country where worldwide income is taxable unless the country has a Double Tax Avoidance Agreement with India.

The special advantage for a NRI is the amount paid for the interest of a home loan is deductible from NRI’s taxable income without any upper limit. The NRI is legally responsible for the payment of capital gains tax as prescribed under the Income Tax Act, in case he/she sells off the property at a later date.