NRI
Home ownership is the highlight in India! The real estate experts say that there has not been any time where they haven’t witnessed NRI neglecting to invest on land or property down their respective home towns in India. For the NRI’s who have done their investments here in India few years back are today worth [...] Continue Reading »
The Indian realty market if at all did well; the credit goes to the Non Resident Indian (NRI) investors. According to the recent survey it has been traced that NRIs have contributed 18 percent to the sales in realty market. Real estate expert’s claim saying that even the NRI’s would be aware that 2011 for [...] Continue Reading »
Indian cities are now becoming famous with the mad rush of real estate investments made by NRI’s. Same has been assured according to the survey conducted during the 2-day property show organized by Priya Publications and REBI. This revealed that NRI’s especially from US have Bangalore city as their favorite destination for the real estate [...] Continue Reading »
Indian real estate investments are raising according to Non-resident India (NRI). However, investors in India are bearing the burnt of high property prices and raising interest rates. Investment made at present according to NRI’s is sure to reap huge benefits in future and they feel this act will bring them great appriciation. Continue Reading »
Isn’t this an irony? People here in India are worried with the property price hike and the NRI’s are on cloud nine making good money from the ancestral property holding roots in India. An NRI residing in California grabbed a throw away price for the ancestral property in Chennai. Meanwhile the NRI appreciates the booming [...] Continue Reading »
The Reserve Bank of India on Tuesday said Non-Resident Indian (NRI) would not be eligible for incentives on interest on home loans of up to Rs 10 lakh. The central bank said in a notification. The central bank said the notification follows the recent clarifications issued by the government. The government, in the Budget of [...] Continue Reading »
An NRI/PIO is allowed to send abroad up to $1 million from the sale of property in any one financial year.This amount should be the sale proceeds of property inherited by him out of rupee funds. The $1 million remittance can also be made from the balances held in Non Resident Ordinary Rupee (NRO) Accounts. [...] Continue Reading »
Direct Taxes Code Bill proposed to make an NRI liable to pay tax on global income The new DTC (Direct Taxes Code) Bill has been proposed in order to make an NRI liable to pay tax on global income if he resides in India in a particular year. In addition, the DTC has also removed [...] Continue Reading »
