In recent years, non-resident Indians (NRIs) have played a very important role in transforming the Indian real estate market. Since 1994, NRIs have invested a sizeable amount in India, of which a big chunk has found its way into the property market. A process of economic liberalization has also encouraged NRI investments into real estate with the advantage of repatriation of the capital invested and even the rental proceeds under the circumstances prescribed by RBI.

Sreerosh has several interesting projects and proposals for NRIs with special focus on land appreciation and rental reforms.

Inherent Investment Potential
With a population approaching the billion mark by the turn of the century, real estate in the Indian sub-continent has obvious potential for growth. While the idyllic Indian village life has an emotional appeal, the discerning investor knows the importance of easy accessibility to schools, hospitals, shops, offices, entertainment centers and airports. A real estate investment has far higher value in the major towns and cities of India. A wise investment here can benefit from the historic movement of population to urban centers. A process of economic liberalization has also encouraged NRI investments into real estate with the advantage of repatriation of the capital invested and even the rental proceeds under the circumstances prescribed by RBI.

The Wise Investor
A complex web of legislation impinges on all property transactions in India. A plethora of municipal rules can cause demolition of construction for violations. Income tax rules threaten expropriation for economic offences. Hindu joint family and other succession rules impact on property transfers. Land ceiling legislation affect titles. Neighborhood groups can hold up construction with law suits and objections. In this jungle of hidden threats and lurking dangers, the best option for the investor is to chose an agency with a proven track record. Past performance in completed projects is the best assurance to the wise investor.

Title Verification
Project documents are normally certified by legal advisors before financial institutions can give loans for flats. They scrutinize original title, encumbrance certificates, building permits, land ceiling clearances and other relevant documents. The buyer-builder agreements should be equitable and should not contain clauses that are volatile of an investor's rights and interests. An investor can employ a legal advisor to examine title for additional protection.

Value Investment
Your apartment has to be assessed not only from the point of utility but also from the point of yields and appreciation as an investment. Sreerosh Flats do have a clear edge in the market over the others in yields and appreciation. An apartment has greater value when the project has adhered to approvals and other sanctions of the various agencies, government authorities. There is as much expertise involved in the construction of apartments as in any other critical production. It needs a builder with integrity and as well as expertise. Your greatest assurance is a good track record. A commitment to quality and aesthetic designs positions Sreerosh above the rest of the market.

Loans
The NRI investor can raise finances from financial institutions to purchase an apartment. The Housing Development and Finance Corporation (HDFC) is the leading institution in India in the field. They have offices all over the country and respond speedily and efficiently. Southern Investments projects are eligible for finance and loan applicants can receive assistance and advice from our offices.

Permission to let out Immovable Property
The Reserve Bank of India has also granted general permission to Non-Resident Indian citizens and foreign citizens of Indian origin, to let out their residential properties acquired for their bonafide residential purpose but which on account of their residence abroad, are not required for their immediate residential purpose. The rental income being the current account transaction is freely reparable outside India.

Disclaimer
Every effort has been made to avoid errors or omissions. Please inform us of any mistake, error or discrepancy. Being matters of vital importance, the reader is requested to cross-check all material at this website with original Government publication or notifications. Please seek professional advice before acting on any information contained herein. The responsibility for obtaining clearances and permissions from the Reserve Bank of India and/or other statutory Authority with respect to the provisions of the above mentioned Act or any other applicable laws rests with you. Sreerosh Properties, expressly disclaim liability to any person, in respect of anything or the consequences of anything done or omitted to be done by any person on the basis of the contents of this website.