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Buying a House in India Just as a Second Home?

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Buying a House in India Just as a Second Home?

Last updated: October 26 2017
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  • #11

    #11

    Re : Buying a House in India Just as a Second Home?

    I still doubt whether Ghazibad is well versed with amenities, infrastructure and good law & order. Being far away from India, I manage to listen news about happenings in India and Ghaziabad still lacks the infrastructure and the crime in the city has not stopped itself from mushrooming.....in fact city like Gurgaon is also not prepared to bear the load of so much influx of offices, malls, etc.

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    • #12

      #12

      Re : Buying a House in India Just as a Second Home?

      I am located in USA and very much interested in investing in India more than buying a property but when an investment in the form of an immovable property..whats the return??I need to be clear whether Indian government's norms allow me to take back the whole return from my investment??

      thanks if anyone can help me out here..
      Reply With Quote

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      • #13

        #13

        Re : Buying a House in India Just as a Second Home?

        Property Buying in India for NRI's

        There has never been a better time for NRI's to buy realty in india, than now
        Not only have construction standards up the ante, bigger complexes and layouts today give the same ambience and lifestyle homes that most of the developed countries worldwide.

        And if you look at the fundamentals ruling the realty market, India is an emerging blue chip if we can choose to call it so.
        There is a huge land bank today which can sustain progressive and planned development in the next 10 - 12 years, though most of it is in the extended suburbs in the big cities and also in the heart of Tier 2 and Tier 3 cities.

        The best bet for NRI's would be to buy residential and commercial office spaces if they are looking for a long term perspective. If you have the time and the means to monitor your assets, land accquistions and retail space can be your option, though they are high risk and high returns portfolio.

        It would help if you have a diligent Realtor who can act as your portfolio manager and advice you on your long term strategies. Also be sure to include a Chartered Accountant and Lawyer on your realty team, if you are looking at long term investments and want to play it safe. The fees you pay them would not only ensure the safety of your investments, but also sometimes provide you with the timely exit options.
        Ram

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        • #14

          #14

          Re : Buying a House in India Just as a Second Home?

          need clearification....

          Thanks friend for the inviting piece of advise.
          But please can you make it clear what you mean by
          If you have the time and the means to monitor your assets, land accquistions and retail space can be your option, though they are high risk and high returns portfolio.
          As I'm planning for investment in India, I hope you can help me with this.

          Thanks
          Rohit

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          • #15

            #15

            Re : Buying a House in India Just as a Second Home?

            High Risks

            In India, land legislations are not fool proof and many land deals are mired in title litigations. Land deals are best left to the builders who are well versed with the legalities. Also compounding the problem is the issue of land grabbing and adverse possesion by unauthorised people. So its very essential that you have someone to monitor your land asset if you happen to invest in one.

            In retail property, rates fluctuate a lot and you need to be tuned in to the pulse of the market to ensure that you get the best returns on your investment

            The safest bet for NRI's are Residential properties.
            Apartments booked at the initial stage can give good capital appreciation and there after a steady rental income once the apartment is ready and rented out

            Research over last 7 yrs prices showed that average capital appreciation rates have been in the range of 20-25%

            DO your homework well before you put in your hard earned dollars, euros n pounds
            Happy Investing
            Ram
            Last edited January 9 2007, 12:47 PM.
            Ram

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            • #16

              #16

              Re : Buying a House in India Just as a Second Home?

              Originally posted by varun View Post
              Yep. Read it somewhere…. I do not remember exactly….

              It was something like; Ghaziabad, India is amongst the 10 hottest cities in the world.
              Check the official site. They have added recent pics of excavation.

              Sent from my Nexus 4 using Tapatalk 4 Beta

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              • #17

                #17

                Re : Buying a House in India Just as a Second Home?

                Originally posted by mohan View Post
                Wow! That’s great!

                I’m from Durban and my hometown is in Ghaziabad (and feeling proud to be so!). But can’t believe. Ghaziabad… & among 10 hottest cities in the world.

                Can anybody give me the news details……
                Thnkx.

                Sent from my SHV-E160K using Tapatalk 4 Beta
                It is during our darkest moments that we must focus to see the light.

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                • #18

                  #18

                  Re : Buying a House in India Just as a Second Home?

                  there is very good scope in bhiwadi.
                  you can think about it.

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                  • #19

                    #19

                    Re : Buying a House in India Just as a Second Home?

                    Originally posted by alex View Post
                    I am located in USA and very much interested in investing in India more than buying a property but when an investment in the form of an immovable property..whats the return??I need to be clear whether Indian government's norms allow me to take back the whole return from my investment??

                    thanks if anyone can help me out here..
                    Reply With Quote
                    No, the amount invested alone can be taken back. the profit made on it cant be taken out of india...

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                    • #20

                      #20

                      Re : Buying a House in India Just as a Second Home?

                      I believe, you should have a house in your home country no matter which part of the world you live in. After all, home is where heart is.

                      These days there are alot of good properties to invest in. But be careful there are many fraud builders also who will take money timely from you but will never finish the project on time.

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