Loading in 2 Seconds...
Loading in 2 Seconds...
To address whether the present spate of changes would really positively affect non-inhabitant Indian\'s fundamental to comprehend what the ordinary corners of the non-occupant Indian putting resources into India. Click here for the details… https://goo.gl/CYoQCs
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Impact Of RERA On NRI Investment In Indian Real Estate Market
IMPACT OF RERA ON NRI INVESTMENT IN INDIAN REAL ESTATE
The Indian real estate market has been pretty attractive for the non-resident Indians who are keen to have the roots in the home country. Reasons for non-resident Indian investments could vary right from upgrading the family home to offer a better lifestyle to parents to have signature property to come back to.
To address whether the present spate of reforms would actually have a positive impact on non-resident Indian's essential to understand what the typical corners of the non-resident Indian investing in India.
Till now, the common concerns of non-resident Indians investing in India have been somewhat opaque nature of the business, no concept of standardized due diligence, lack of information, completion of projects and untimely delivery of projects with no legal or tedious recourse for home buyers. Especially for non-resident Indians the cumbersome nature of the follow-ups with the builders where the projects were not finished was huge demotivation to invest in their home in India.
Now, the question is whether non-resident Indians can be confident much more in making the investment decision with the policy changes like Goods and Services Act and Real Estate Regulation and Development Act to Indian real estate in 2017.
The government has hugely addressed most of above concerns by key policy changes that are introduced in 2016, namely Real Estate Regulation Act, Benami Transaction Act and Goods and Services Tax.
Real estate regulation and development Act 2016 will make sure that the regulations in this hugely unregulated market. The buyers will be protected as well as greater transparency in the sector will be visible. RERA will someone put accountability on the builders in the terms of timely development, financial disclosure of projects as well as maintaining good corporate governance of practices.
The Goods and Services Tax us single-biggest tax reforms to be introduced in India. It aims at eliminating the differences in the indirect taxes that are applicable across several states. The realty sector stands to advantage from the fact that Goods and Services Act would give clarity on the tax-credits for the re-transactions as well as the allowance of the input credit that would reduce the property rates.
Benami Transactions Prohibition Act provides an effective regime for the prohibition of the Benami transactions. The amended law basically empowers the specified authorities to attach the Benami properties which can be confiscated. Also, if the person is found guilty of the offence of the Benami transaction by competent court, shall be punishable with the rigorous imprisonment for the term which is not less than a year but which may extend to 7 years and shall be liable to fine which may extend to 25% of fair market value of property.
The introduction of Real Estate Investment Trust will have a huge positive impact on the Real Estate Sector. Real Estate Investment Trusts open up the platform that allows investors those with the lesser budgets to make safe investments into the Indian realty market. The best thing about Real Estate Investment T rust is that the investors can begin with a small sum of Rs 2 lakh to secure the units in exchange.
n # g+©
There is 0comment on "Impact of RERA on NRI investment in Indian real estate market
Submit A Comment
Cities To Become Smart With GIS TechnologyThere has been Lot of buzz around the...
On June 22,2016
E8 Reasons You Should Consider Buying Than RentingIn the current monetary atmosphere, there is no...
On June 10,2016
RERA Regulation Bill Brings Cheer In Rajyasabha Assembly
The RERA (Real Estate Regulation Authority)has certainly brought...
On June 22,2016
Competition For Real Estate Agents In India By The World's Biggest Brokerage FirmIf you are fed up of continuous calls...
On May 3,2015
CoLdweU Banker Principled RealtyWhen we visited Knox Realty office for the...
On March 3,2015
&Property T rends&Realty Affairs
Can NRIs Acquire Immovable Property In India?
Real Estate in India has always been one of the investment chances...
Make Use Of Pebbles To Your Home Decor
Natural elements do have a charm of their own. They do make...
Perspective Of NRI Investors On Indian Real Estate Market
The Indian realty sector reminds a lot of interest from the non-resident...
Advantages Of Rainwater Harvesting In Homes
Rainwater is one of the best of Mother Nature. Thus, rather than...
Investment Options In India For NRIs
Being a non-resident Indian and moving abroad for employment is the most...
Risks To Look At While Buying An Auctioned Home
Reclaimed properties sold by the banks can appear to be stealing for...
2017- A Year Of Challenges For Real Estate Sector
2017 has been an action-packed year for real estate sector. It started...
Benefits To NRIs For Investing In Indian Realty Market
Are you confused on how investing in Indian realty market can actually...
Tax And Home Loan Benefit If You Own Multiple Homes
Generally, people are under the impression that they can buy any number...
Phone No. : +91 22 6736 4000 Email:info@coLdweUbanker.in
© Copyright 2017, Coldwell Banker India. All rights reserved.