I receive a lot of queries on my blog from NRIs related to sale and purchase of property. I answer each and every query. The reason why I receive more queries from NRIs is because the rules and regulations are more complicated compared to resident Indian. There are multiple permutation and combination involved. Most of the times queries from NRIs provide me an idea for a new post on the blog :). Thanks for posting your queries. In this post, i will share important points related to sale and purchase of property by NRIs. The sale and purchase of property by NRIs is regulated under the FEMA ... Read More
5 Financial Points to Consider When You Become A Non Resident Indian
Being a Non Resident Indian is a premium tag for the majority of Indians. I have seen that many people are so passionate to go abroad that they are willing to spend the savings of their life. Most common opportunities to become an NRI is either due to employment or education abroad. In some instances, i observed that people move abroad if any of their close relatives is staying there. A few countries have very friendly policies in this regard i.e. you can very easily become Non Resident Indian. One such country is Australia. This post is not about residency status or how to become a Non ... Read More
NRI Property Investment – 11 Important Guidelines to Follow
NRI Property Investment is the most discussed but least understood topic. The reason being, it is perceived to be too complex. The rules and regulations governing NRI Property Investment are different. In this post, a reference to NRI includes PIO (Person of Indian Origin) and OCI (Overseas Citizenship of India) until unless specified. Till date, i have observed two key reasons for NRI Property Investment. The primary reason is NRI's would like to settle in India after retirement. Secondly, they still feel safe and secure to invest their hard earned money in India compared to the country of ... Read More