In the past couple of years India has seen a sea change in its economic reforms. There has been a substantial growth in GDP and a major reform in the form of demonetization has accentuated mainly on the existing tax systems. Under the current government GST has been introduced and established as the only tax to be paid by all citizens. The goods and services tax was a much waited tax reform that lead to a considerable change on the Indian economy especially in the real estate sector. Being the second largest sector after agriculture in India, real estate market has shown some promising effect after demonetization.
Impact on the NRIs investing in real estate
With its current economic condition and increased GDP, India is a potential place to attract foreign investment, especially in the real estate sector. The Non Resident Indians can now expect high returns, transparency, proper management and advanced techniques of constructions when they invest in real estate properties. Both in the residential and commercial segments, the real estate market will have better tax system and transparent paperwork which will enable them to secure their investment in the most legal way.
How can RERA put an impact on the real estate market for NRIs?
The Real Estate Regulation Act or RERA was introduced in 2016 by the government to maintain better transparency in the real estate sector. Along with it Goods and Service Ta or GST as well as the Benami Transaction Act has been introduced as a new reform that is actually helping the NRIs find better prospect and high returns in their real estate investments. Although initially the demonetization move by the government has affected the real estate badly causing the interest rate to go exorbitantly high, but now that the economy is showing positive result, the market is going to get better in the next six months.
The scarcity of cash has definitely caused many buyers to stop investments. But the real picture of real estate was not that bad as it was projected. It is because of the fact that properties those are of premium quality and cater to end users only can only be bought through banks and homes loans. Thus, home loans or any other forms of bank transactions were not at all affected by the demonetization move. Property agents and developers who have always used fair business practices have not been least affected by the currency ban. On the contrary they have seen a steady growth of NRI clients investing in real estate during this time.
After the currency ban and the implementation of RERA and GST it is quite clear that the real estate sector in India will be transparent enabling the investors to have a better and effective price and return. The 12% GST on buying any property is a healthy move and will see very little paperwork. This single tax structure will also help in consolidation of the transactions through transparent and legal way and cut cash transactions to a great extent.
Looking for property Investment? Call Raivat Properties Now: +91 8767331199
With the current trend of the Indian economy, it has been predicted that investment in the real estate sectors will yield higher returns than any other sectors. Investing in properties and real estate is safe and also offers great returns. Especially for the Non-Resident Indians residing abroad finds it the best place to invest in real estate. It is their root and home where they can find an opportunity of invest and yield high returns.
What do we do?
We at Raivat Properties offer customized solutions for our high esteemed clientele that mostly consists of CEOS, COOs, Chairperson, Managing Directors, Company’s Promoter and so on. We offer real estate solutions for residential, commercial and pre-leased properties. We have a strong foothold in countries like UK, USA, UAE and Kenya where we participate in various real estate fairs and shows and also conduct road shows in order to promote and inform buyers about the advantages of investing in real estate in India.
Explaining our services
Our service in a one of its kind that makes us stand out of the crowd where we help the NRI’s to invest in a real estate deal safely and securely. We are based in India and thus we are the best guide for the NRI’s to have in-depth information about the advantages and benefits of investing in the real estate market in India. We have tie-ups with some of the big names in India such as:
- Adani Realty
- Sunteck Realty
- Kanakia developers
- Lodha group
- Piramal Realty
With a satisfied and strong client base in countries like UK, USA, Raivat Properties is targeting to be one of the key players in the real estate consultation services for the HNIs residing in UAE and East Africa. With a commanding global presence, the company has an impressive business sales figure. A combined experience and expertise of fifteen years in the real estate sector the company has a sales figure of $25 million in the residential strata. They had a prominent presence in twelve International Property Expos starting from 2013.
We are dedicated towards serving NRIs who are interested in buying a real estate property both residential and commercial. Our channel partners offer special prices and payment plans for all our clients and anyone who book any property through us. We offer the best services in the business for all our clients and guide them in taking the right step in investing in a property that will never fail to return their investment.
Apart from our exclusive services in the fields of real estate we also help our esteemed NRI clients in acquiring a PAN card and filing for TDS in regards to real estate investments. Our clients are always welcome for site visits of all the properties that we offer. Raivat Properties endeavors to focus on the untapped market with cutting-edge consultation and services that enables the clients to invest in real estate for the highest return.
We at Raivat Properties are determined to make Indian real estate one of the hotspots for the NRIs residing in UAE and East Africa.
For more details Call Us at: +91 8767331199