Non-resident Indians (NRIs) frequently have deep connections with their homeland, and owning real estate is a wise investment as well as an emotional bond. However, overseas individuals may struggle to understand India’s complex land registration laws. The legal framework, qualifying requirements, necessary paperwork, and detailed procedures associated with the land registry process for NRIs are […]
In an increasingly globalized world, many Indians have settled abroad along with their children, leaving behind their land. Such land not only carries emotional connections and memories but also has significant monetary values attached to it.Whereas transferring property to such NRI children involves a number of legal, procedural, and tax aspects.This article tries to present the different facets of property transfer to NRI children, including inheritance laws, modes of transfer, documentation, and taxation.Property Ownership […]
IntroductionNon-resident Indians (NRIs) frequently own property in India and renting them out can help in generating income. However, it is not easy to manage and maintain tenants while staying abroad. At the time of renting out the property in question the parties are required to execute the agreement which is called Leave & License Agreements […]
Summary This article dives deep into the realm of property investments and management for NRIs, including the concept of NRI property investments and management. The idea of property taxation for NRIs is the key point that puts up to the complex nature of investments in property for NRIs. The Indian property market is very diverse […]
Summary NRIs with ancestral properties in India face property disputes. Mediation and arbitration are cheaper and more efficient alternatives to legal action. India has centres for mediation and arbitration, and judicial reforms aim to strengthen these mechanisms. As an NRI, one must explore the possibilities of mediation and arbitration. Overview of NRI Property Disputes in […]
IntroductionThe Property Transfer Act, often a subject of great interest for both domestic and non–resident Indians (NRIs), significantly regulates property transactions in India. This legislation governs the transfer of property from one entity to another. Understanding the rights and obligations of NRIs regarding property transactions in India is crucial. Furthermore, the Property Transfer Act plays […]
Summary NRIs face hardship in resolving property disputes in India while sitting abroad. Most of the NRI property disputes revolve around inheritance, distribution or demarcation of ancestral properties amongst family members. NRIs can enter into a Family Settlement Agreement (FSA) instead of contesting long-drawn litigation battles in the Court. All members must voluntarily enter the […]
Introduction:Despite moving overseas, NRIs remain connected to their roots in some form or another. For example, the NRIs often have to take care of their near and dear ones or ancestral properties in India. In another scenario, NRIs earn passive income such as rent and investments in India, and they need this money in their […]
While investing in real estate projects, the buyers must be cautious to ensure that the developer is genuine. In case of a delay in the delivery of possession, the buyers have various rights against the builder. Therefore, before executing the real estate contracts and making full/part payments to the developer, the buyers must be diligent. […]