NRI Investors: Unraveling the Mysteries of RERA, GST, and REITs for a Hassle-Free Investment Experience

-


India has emerged as a hot investment destination and is a bright spot in an otherwise tepid global environment. Out of the many investment options available for Non-Resident Indians (NRIs) like the stock market, gold etc., investment in real estate is not only lucrative but also offers some of the best and highest returns in the medium to long term. Further, it is a very safe investment option.

Some of the top reasons for NRIs to invest in real estate in India are:

  1. Stable economy and political environment
  2. Rising affluence and middle class
  3. Attractive rental yields
  4. Helps NRIs diversify their investment portfolio
  5. A hedge and home in case of unforeseen political challenges in foreign lands

As a leading real estate company in Chennai, Wisdom Properties helps NRIs unravel the mysteries behind the Real Estate (Regulation and Development) Act, 2016 (RERA), the Goods and Services Tax (GST), and Real Estate Investment Trusts (REITs), which are key pillars in any real estate transaction. If you are looking to invest in DTCP approved plots in Guduvancery, plots in Oragadam, villas in Maraimalai Nagar, plots in Sriperumbudur or gated community plots in Oragadam, get in touch with us immediately for the best deals and locations.

RERA

RERA was introduced to bring accountability and efficiency in the real estate sector. Particularly for NRIs, RERA provides a safer environment for investment as it mandates that all commercial and residential real estate projects, where the land is over 500 square meters, or eight apartments, must be registered with the Regulatory Authority. This gives a safety net to NRIs and an assurance that their investment is in the right project,

RERA ensures that developers adhere to project completion timelines, and in case of delays, they are liable to pay the same interest as the EMI being paid by the consumer. This act also mandates that developers put 70% of the money collected from buyers in a separate bank account for construction of the project, reducing the risk of bankruptcy or illegal diversion of funds.

GST

For NRIs, understanding GST is crucial as it impacts the overall cost of the property.

Implemented in 2017, GST provides a comprehensive indirect tax framework on the manufacture, sale, and consumption of goods and services at the national level. In the context of real estate, GST is applicable to the purchase of under-construction properties at a rate of 5% for residential units (1% for affordable housing), while ready-to-move-in properties are exempted.

Similar to the above, there are ongoing changes and updates to GST laws. It is best to get in touch with your auditor or tax professional before taking a decision regarding purchase of property and the proposed GST impact it may have.

REITs

REITs are companies that own, operate, or finance income-generating real estate. They offer a way to invest in real estate without having to physically own property. In India, REITs have opened up opportunities for small investors to invest in grade 'A' commercial real estate, which was earlier limited to only institutional investors or HNIs.

With knowledge of all of the above, NRIs will be empowered to take the best and right decision according to their needs. Wisdom Properties is a market leader in promoting plots, villas and real estate in Chennai. The company has played a major role in the real estate industry and helped over 5000 customers realize their aspirations over the past 25 years.

Led by an experienced and professional team, Wisdom Properties assures investors of clear titles and prime locations of the property. The company is engaged in the sale of plots, villas and farmlands in different hot and upcoming locations in Chennai and the suburbs like Guduvanchery, Maraimalai Nagar, Oragadam, Kanchipuram etc. For more details, contact Wisdom Properties at +91- 93606-93606 or sales@wisdomproperties.com

Comments

Post a Comment

Popular posts from this blog

Discover Prime Plots for Sale in Guduvanchery's Thriving Market

-
Image
  Introduction: Guduvanchery, a rapidly developing suburb located in the southern part of Chennai, India, has emerged as a hotbed for plot investment. With its strategic location, excellent connectivity, and promising development prospects, Guduvanchery has become a sought-after destination for plot investors alike. We will delve into the various aspects of Guduvanchery's real estate market, focusing on plots for sale in the area. The Rise of Guduvanchery: Guduvanchery has witnessed significant growth in recent years, IT hubs, educational institutions, and excellent transportation facilities. Its location near the Chennai-Bengaluru Highway and the Chennai Suburban Railway Network has made it a favorable choice for both residential and commercial developments. DTCP Approved Plots: For those looking to   invest in Guduvanchery , DTCP (Directorate of Town and Country Planning) approved plots offer a reliable option. DTCP approval ensures that the plots meet the necessary legal and qua
Read more

DTCP Approved Residential Plots in Guduvanchery | Gated Community Plots Sale in Guduvanchery

-
  THE LIVELY HOMES - DTCP APPROVED RESIDENTIAL PLOTS IN GUDUVANCHERY We are happy to introduce the lively home concept at Sri Sathya Sai Nagar near Guduvanchery. The Lively Homes are truly Independent homes, Build on your own land. Every home is beautifully designed as per Vasthu with good ventilation. The lively homes concept Sri Sathya Sai Nagar near Guduvanchery are self-sustained with portable water source and Independent Borewell. Every movement you spent in your home, you will really feel the liveliness. Beautiful garden, exclusive terrace, surplus water, good ventilation, cool breeze and much more you will get in The Lively homes. ABOUT SRI SATHYA SAI NAGAR Sri Sathya Sai Nagar is situated very close to Guduvanchery-Thiruporur Road namely Nellikuppam Road in Othivakkam Village. Since this road connects two major Roads of Chennai namely GST Road and OMR, the development and land appreciation potential is very high in this location. Sri Sathya Sai Nagar Layout is fully secured Gat
Read more

Asia’s Biggest Bus Terminus right at the footsteps of Guduvanchery!

-
Image
Guduvanchery is an upcoming suburb in Chennai and is a well-known location on the GST road connecting Chennai to other parts of Tamil Nadu like Trichy, Kumbakonam etc. The Kilambakkam bus terminus project is being developed by the Chennai Metropolitan Development Authority (CMDA) at an estimated cost of Rs. 170 crores. The new bus terminus will have a large area and is designed to handle over 500 buses at a time. It will have an air-conditioned terminal building, bus bays, parking areas for buses and other vehicles, and amenities for passengers. With proximity to Kilambakkam, the land value in Guduvanchery has appreciated considerably.  Wisdom Properties  offers the best properties in prime locations and the  property in Guduvanchery  is one such example. We offer  plots in Othivakkam , Kalvoy and Perumantunallur and it is both residential plots that are ready for construction and farmland. No wonder, we are the  best real estate company in Chennai  and are the best company for  DTCP a
Read more