Buying a home for a non-resident Indian (NRI) has never been simpler because of new real estate legislation.
By- Anjali Kumari
NRI investments in India have been a hot topic over the years. With the Indian government’s attempt to regulate the real estate sector, providing more transparency and accountability through RERA, NRI’s interest in the Indian real estate market has increased. NRIs can profit from a high return on investment and a cheaper initial capital commitment by investing in Indian real estate. There are several guidelines and regulations regarding NRI investments in India that you should be aware of to avoid any unexpected roadblocks in your investing path.
Buying a home for a non-resident Indian (NRI) has never been simpler because of new real estate legislation. If the property is not agricultural land, plantation property, or a farmhouse, anybody with an Indian passport can invest in Indian real estate.
Understanding the financial landscape is one of the most critical aspects of an NRI investing in Indian real estate. If you are NRI planning to invest in real estate in India, there are a few things to consider before you begin shopping for properties:
If you have an Indian passport, you do not need to seek approval before investing in real estate in India. To encourage greater foreign investment, the Reserve Bank of India has simplified the restrictions. The regulations of the Foreign Exchange Management Act apply to real estate transactions (FEMA).
The number of properties in which an NRI can invest is unrestricted. A non-resident Indian (NRI) or a Person of Indian Origin (PIO) can buy as many residential and commercial properties as they wish in India. When it comes to agricultural land, plantation property, or a farmhouse, however, foreign investment is restricted. Such properties are only permitted if the NRI in question has inherited or received them as a gift.
A strong return on investment requires investing in a property with significant appreciation potential. E-commerce and IT-related enterprises have exploded in the South Indian market, with cities like Bangalore, Hyderabad, and Chennai offering excellent returns on investment. Enlisting the services of a realty adviser will help you remain up to speed on real estate trends in India and the best emerging areas to invest in. These professionals can also ensure that you receive top-notch property management services, ensuring your safety and peace of mind.
All property transactions in India should be conducted in Indian money and via Indian banks. One of the requirements is to open an NRI account with a recognized Indian bank. If his paperwork is in order, an NRI can simply obtain money for the acquisition. In India, there are multiple NRI house loan programs offered by various banking organizations. If you’re having your property funded, make sure you have at least 20% of the property’s value to invest from your resources. You can get money for up to 80% of the property’s worth.
Any of your transactions should go through Indian banking systems, thus utilize your NRO/NRE account for all inward remittances. You can also use your NRE, NRO, or FCNR (Foreign Currency Non-Resident) account to issue post-dated checks or ECS.
Check that all of your paperwork is in order and has been confirmed by a lawyer before approaching a bank for funding. If you’re buying a house, receive a no-dues certificate from the seller, and if it’s inherited or jointly owned, seek to clear the title. Also, make sure no outstanding debts or payments are owing to any authority.
If you are an NRI, you must select a builder with a solid track record in the real estate business. You must be able to trust the builder you choose to invest in because you may not be physically there to check on the condition or quality of the construction. A professional builder will also have all of the necessary permissions and certificates, which may speed up the home-buying process.
If you are looking for a trustworthy investment partner to invest with, Assetmonk can be an option for you. Assetmonk offers some of the best investment options in Bangalore, Chennai, and Hyderabad. The products offered by Assetmonk are categorized as Growth, Growth Plus, and Yield products and offer an IRR of 14-21%. The properties offered by Assetmonk are carefully vetted by professionals and listed only after careful due diligence.
If you’re buying a property that’s still under construction, you’ll need to provide your builder or a trusted partner with power of attorney.CHuttersnap/ Unsplash
If you’re looking for a decent return on your investment, look for commercial buildings that are in high demand by blue-chip firms. This will assure regular returns as well as strong capital growth. Returns on invested capital for a well-located commercial property leased by a blue-chip corporation may range from 6-10 percent, almost double that of residential property.
If you’re buying a property that’s still under construction, you’ll need to provide your builder or a trusted partner with power of attorney. Seek legal advice on how to structure the paperwork so that there is no risk of forgery and your investment is protected while the property is being built. Since they do not live in India, there may be times when the mentioned individual is unable to physically purchase the property; nevertheless, POA (Power of Attorney) is available to help. This implies that an NRI can pick someone close to them, such as a cousin, friend, or even a coworker, to execute the transaction on their behalf (legally).
As an NRI, you may take advantage of most of the tax incentives available to Indian residents when purchasing real estate. Section 80 C of the Income Tax Act of 1961 allows you to claim a deduction of Rs. 1 lakh. If you sell a property within three years after buying it, it’s considered a short-term capital gain, and any profits you make from it are taxed. If you sell the home after three years, you can invest in another property to reduce the long-term capital gains tax.
When it comes to tax benefits, they’re very much the same for anyone who lives in India. NRIs are entitled to the same tax benefits as Indian residents. Furthermore, if an NRI purchases a property worth more than Rs 50 lakh, they must pay a 1% withholding TDS.
If the property is uninhabited and classified as ‘self-occupied,’ they will be free from wealth tax. If they don’t rent it out for at least 300 days a year, they’ll have to pay wealth tax. This rule only applies to the first property. They would have to pay a tax of 1% of the value (net of existing debts) of successive empty properties exceeding Rs 30 lakh.
NRIs should do an obligatory back check on the builder by looking at the real estate company’s social media profiles and other internet forums.
To gain a precise notion of how pleased existing clients are with their investment, one must search for first-hand experience by contacting them online.
The Confederation of Real Estate Developers Association of India (CREDAI) holds exhibits for NRIs every month, assisting them in evaluating various investment choices and providing spot loans from major banks. There are other simple investing choices available, as well as a decrease in the down payment amount. As a result, before investing in real estate in India, you should review all of CREDAI’s offerings.
(Disclaimer: This is a sponsored article and includes some commercial links.)
recurring cyclonic storms like ‘Yaas’ or ‘Amphan’
In an effort to create a natural defence mechanism against the recurring cyclonic storms like ‘Yaas’ or ‘Amphan’, the West Bengal government plans to construct a robust and ecologically sustainable ‘bio-shield’ along the state’s coastline and the Sundarbans islands. The natural barrier artificially engineered will be the first of its kind in the country.
Prodded by Chief Minister Mamata Banerjee, the state government formed a 24-member committee of experts, headed by state pollution control board chairman Kalyan Rudra, a river expert. In September this year. The committee came up with a detailed report to control the devastating cyclone that is not only destroying the embankments and vegetation but also posing a serious threat to human lives.
Follow NewsGram on Quora Space to get answers to all your questions.
The plan — recently approved by chief secretary H.K. Diwedi as the master guide for any work in that eco-sensitive zone — is a mechanism to build earth embankments, plant 36 species of resilient mangrove species and set up a geo-textile cover on embankments, and a second line of embankment on the east-facing concave coastline, where erosion is highest.
Also Read : How do cyclones get their names?
According to the report, the impact of climate change is most severe in the Bengal delta region, where the sea level rise is the highest globally. The global mean sea level has been rising at 3.6mm per year between 2006 and 2015. The sea level off the coast of Bengal is rising at around 4mm per year.
According to the report, the impact of climate change is most severe in the Bengal delta region.Pixabay
The impact of sea level rise in the Sunderbans is further accelerated due to slow subsidence of land, at 2.9mm per year. That effectively makes the sea level rise more than 6.9 mm per year. The committee has proposed a “climate-resilient” multi-layer vegetation shield: three-layer shields along the seacoast, and two along the river-embankments in the Bengal delta, the report says.
The committee chose 36 species of mangrove and mangrove associates and blue and green algae and proposed to develop a climate resilient multi-layer vegetation shield: three layers along the seacoast and two layers along the river embankment in Bengal Delta.
“The 36 species were chosen on the basis of their climate resilience, ability for propagation, height, salinity resilience and tidal influence. The invasive species were avoided. The vegetative shield, unlike the capital-intensive concrete embankment, systematically helps develop sand dunes off the coasts, which effectively act as a wave-breaker, apart from replenishing the beaches,” one of the committee members said.
The committee chose 36 species of mangrove and mangrove associates and blue and green algae and proposed to develop a climate resilient multi-layer vegetation shield.Unsplash
The irrigation and waterways department has identified 378 stretches of different rivers in the state, that have a total length of 559km, as vulnerable, of which 207 stretches, with a combined length of 324km, have been marked “extremely vulnerable”. These are mostly east-facing concave banks, where breaching of embankments is highest. A second line of embankment has been planned in such zones to minimize the impact of cyclones and erosion.
“Also, the eroded beaches in East Midnapore and the Sunderbans have become so narrow and low that the wave-breaking zones have moved nearer to land. Since there is hardly any area along the southern front of Sagar Island to create a proper bio-shield, an artificial off-shore reef barrier has been proposed by experts from IIT-Madras,” the member added. (IANS/SP)
(Keywords : West Bengal, Chief Minister, Mamata Banerjee, cyclone, storm, defence mechanism, bio-shield, climate change, mangrove, embankments, Sunderbans, coasts, vulnerable, sea level.)
CoolSculpting is a revolutionary adjustable, non-surgical, and non-invasive contouring technology.
By IANSlife
For individuals seeking body perfection and precision, CoolSculpting is a revolutionary adjustable, non-surgical, and non-invasive contouring technology. Kaya, one of India’s premier skincare brands with the country’s largest doctor network, has released CoolSculpting (Registered), signaling a strategic realignment with its ever-growing uber-urban consumer base.
Follow NewsGram on Facebook to stay updated.
Ushering in a brand-new method that combines dermatological expertise, a refined sense of aesthetics, and a body-care culture, Kaya continues to work towards enabling everyone to discover their own unique beauty. Allergan Healthcare India Pvt Ltd.’s CoolSculpting (Registered) is a well recognised, breakthrough technique for body contouring as an enhanced alternative to surgery with little to no downtime. It is FDA-approved in the United States, and it is a safe, painless, and effective treatment for pockets of unwanted fat in troublesome body areas.
CoolSculpting contours the body using the technical method of cryolipolysis, which delivers precisely regulated cooling to the fat cells beneath the skin. The body naturally eliminates these dead cells by treating them with crystallisation (freezing) over time, leaving you with a sense of renewed metamorphosis. The services are aimed at reducing noticeable bulges and contouring the thighs, abdomen, and flanks, as well as the upper arm, back, abs, stomach, and chin area.
Kaya will continue to bring alleviated personalization to help consumers discover products and services that are right for their unique selves, as evidenced by the brand’s new purpose-driven mantra, “Beautiful is You.” In that vein, the cutting-edge technology is poised to become yet another apex in the development of a future expert skincare and body solution destination.
Also read: The Advantages of Toning with CoolSculpting
Rajiv Nair, Group CEO of Kaya, said, “We are extremely excited about this launch. It’s innovative, it’s pioneering, it’s expertise in dermats, in technique, in technology. As a trend-setting fashion and lifestyle hub, India’s residents, both men and women, are seen pushing the boundaries in an effort to look and feel in shape. A growing demand for body contouring procedures in the country is being seen as a trusted method of sculpting muscles to regain a well-contoured form. We have received a great response from our launch in the Middle-East and are eager to bring CoolSculpting (Registered) to Kaya India. “
The CoolSculpting (Registered) procedure is accessible at certain Kaya clinics in Delhi for INR 45,000/- each session, with plans to expand to other cities.
(IANS/PR)
(keywords: CoolSculpting, Kaya, Rajiv Nair, India, Delhi)
One of the many things you can do to maximize your brand’s digital presence is paid advertising.
If you’re a small business owner, you might be thinking of traditionally advertising your products and services through flyers and TV commercials. And while those methods still work, there’s now an easier and faster way to attract the worldwide marketplace—through digital marketing.
With its broad engagement, digital marketing has paved its way as one of the best advertising campaign platforms worldwide. This is why countless companies use this strategy to promote their brands and products.
One of the many things you can do to maximize your brand’s digital presence is paid advertising. This is an essential tool for social media campaigns as various platforms can help you reach a broader audience to increase brand awareness and drive additional revenue.
In January 2021, a survey revealed that the internet has 4.66 billion active users worldwide, 59.5% of the global population. This number includes teens, young adults, middle-class adults, and even modern millionaires—all at the tip of your fingers.
So, to help you choose the best, here are the three most preferred social media platforms to run your paid advertising in:
Facebook
With approximately 2.85 billion monthly active users worldwide, Facebook has the largest audience count on this list, making it an excellent choice for paid advertising. You can apply several ad strategies to this site, such as personalizing your write-ups and creating visually appealing ad copies that resonate with your brand image.
While creating a sales copy that speaks to all audiences is a good move, it’s still better to determine your specific target customers. You can do this by identifying the kind of person you see as you imagine personally speaking to a customer about your product. For example, if you sell an expensive women’s perfume, target your advertisements to women aged 21 to 45.
Furthermore, visual content plays a significant role in all types of advertising. Whether you’re creating a traditional or social media campaign, how you represent your brand out there draws your customers’ attention. The same idea applies to Facebook advertising.
Motion pictures and still images may tell more convincing stories than words. For example, your paid media viewers may get confused with your ad if the caption doesn’t match the picture.
The digital marketing industry has been growing in leaps and bounds for the past few years.Unsplash
Twitter
Twitter is an excellent advertising platform to promote your services and increase brand awareness. It is one of the few platforms where you can still advertise effectively with a reasonably small budget.
Because of their recent change in their policy, only verified users or businesses can buy Twitter ads. However, this is not a big problem for most advertisers since Twitter offers many benefits to advertising your business.
If you’re considering Twitter as your next digital marketing campaign platform, here are tips to increase success:
Instagram
While this platform attracts millions of users, only 32.5% of those American companies utilize Instagram for its paid media purposes. However, Instagram has improved over the years, overpowering Twitter and Facebook on visual engagement and providing its users with several new features that help them get their name out there.
If you’re still looking for the right advertising platform to raise your campaign, you can take a look at these tips to gain a competitive advantage on Instagram effectively:
Key Takeaway
The digital marketing industry has been growing in leaps and bounds for the past few years. It has gained such a massive following across the globe that marketers and businesses have no qualms investing their hard-earned cash to boost their sales.
However, despite being one of the most cost-effective advertising platforms, digital marketing is not one-size-fits-all. Using digital marketing tips for businesses must come with careful planning and flexibility. This is because investing in any online ad campaign is a risky business, especially if you have no clear-cut ideas on what your specific business goals are regarding them. Hence, it’s best to mull over the best social media platform that your company needs to achieve a higher market reach.
(Disclaimer: This is a sponsored article and includes some commercial links.)
