Legal provisions – purchasing property by NRIs in India

If you are a Non-Resident Indian and not aware about the legalities of owning or purchasing real estate in India, you would like to read on to enlighten yourself on the legal provisions set by the competent authorities pertaining to the purchase or owning of an immovable property in India under the Foreign Exchange Management Act (FEMA). read more at http://shopsandhomes.com/blog/index.php/2016/05/legal-provisions-purchasing-property-by-nris-in-india

In Q3 2015, the housing price index grow by 13.7 percent

For the duration of July to September or in Q3 2015, the housing price index grow by 13.7 percent, whereas; the cities such as; Jaipur, Lucknow and Kolkata have contributed to the slower pace of growth, as per data and reports of RBI. Read More at http://shopsandhomes.com/blog/index.php/2015/12/in-q3-2015-the-housing-price-index-grow-by-13-7-percent/

US NRIs are selling their properties in India due to implementation of FATCA

Same as bank accounts and mutual funds, its not easy task for the Indian government to identify the property of NRIs and their earnings from them. There are many US based NRIs, who are planning to sell their property in India and for that they are ready to offer big discounts and the reason behind that is the implementation of FATCA (US Foreign Account Tax Compliance Act). Read More at - http://shopsandhomes.com/Mumbai/Dombivli/All/Property-for-Sale/1-BHK-any-any-to-any