Real estate in India has been a profitable deal for all of us. However there are lots of differences between the real estate of India and the US. One of the most important differences is the foreclosure. You will definitely find that the foreclosures are not so common in India as compared to US. People in India are more passionate about their houses than the US. As far as the NRI are concerned they enjoy lots of benefits in India as compared to the other countries in all the fields and real estate is not far behind.
I would like to list some points which will prove that NRI are always in profit in India. They are as follows:
1.Selling:
It is a common observation that most of the NRI have some old properties. It is quiet common to find their family members living in those houses. And in some cases some very old tenants might have captured the house. This might make the responsible NRI think a lot about the property. I cannot say that they on most of the cases would like to sell the properties but yes majority of them do think to sell their share since they have no interest left in the property. However this is not an easy task.
Most of them have lots of disputes and the problem increases because the NRI shows unwillingness in returning back and taking care of their properties. However they should not worry because there are many real estate agencies in India engaged in selling such properties.
2.Maintenance:
However there are some NRI who have love for their old properties. They hesitate in selling the property. However they find it quiet difficult to maintain the property since they have nobody left to look after their property. However they should not worry. There are many real estate agencies who promise to provide best maintenance facilities to those NRI.
All you will have to do as an NRI is that you will have to pay the maintenance cost as well as the fees to the real estate agency. Once you pay these fees you should feel relaxed and your property will be maintained in the best possible way.
3.Lending:
Lending a property to some tenant is not a risk free job. You will definitely find lots of problem if you are an NRI. But you should not worry because most of the real estate agency provides facilities which allow lending your properties without much risk. The real estate agents also promise to transfer the rent to your account directly.
These are some of the facilities which are being provided by the real estate agency to the NRI.
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