In the case of NRIs there is a general permission to acquire any immovable property (other than agricultural land, plantation or farm-house property) by way of purchase, provided the payment is made out of foreign exchange inward remittance or any Non Resident bank account in India, i.e. Non Resident External Account - NR (E), Foreign Currency Non Resident Account - FCNR or Non Resident Ordinary Account - NRO account. Although immovable property is not defined, the same will include:
In the past few months the Indian home loan market has seen highly varied changes, home loan rates went all the way up to 14 percent, however due to the market downturn the government of India is taking steps to bring home loans closer to the common man.
The hottest topic right now is recession in the united states and prices of real estate dropping there. We have heard of prices dropping to their all time lows in the united states. In this course a lot of people started raising the question when is the right time to invest again?
The real estate stocks are difficult for an average retail investor to read. Wild swings have been the order of the day. However, mutual funds that have 3-4 per cent investments in real estate stocks allow a small investor to benefit from the surges but remain protected from the troughs.
Print This Article
Add To Favorites