If you live outside India and wish to let out your property in India, we have great news for you! NoBroker is now ready to serve you and you don’t have to spend a penny on brokerage. We understand that it can be worrisome to trust other people to show your house to tenants and to get the documents you need.
Things we covered for you
+
Maximising the Advantages of Owning Property in India as an NRI
For Non-Resident Indians (NRIs), investing in real estate back in their home country has always been a compelling option. The advantages are manifold, and understanding the top benefits of NRI property ownership in India can help you make informed investment decisions.
- Diverse Investment Opportunities: India boasts a vast and diverse real estate market that caters to a variety of investment preferences. Whether you’re seeking properties in metropolitan areas like Mumbai and Delhi, or exploring emerging markets like Pune and Bangalore, there’s something to suit every NRI investor. The diversity of options allows you to align your investment with your specific financial goals.
- Rental Income Potential: Many NRIs invest in Indian real estate with the aim of generating rental income. The rental market in major Indian cities has been thriving, providing a steady stream of income for property owners. This can be particularly advantageous for NRIs who want to enjoy a regular source of revenue from their investments.
- Asset Diversification: Diversifying your investment portfolio is a smart strategy, and owning property in India offers a unique opportunity to achieve this. Real estate in India can serve as a stable, long-term investment option, potentially delivering substantial returns over time. By diversifying into Indian real estate, NRIs can spread risk and protect their investments against market volatility.
- Capital Appreciation: Indian real estate has historically shown the potential for significant capital appreciation. Over the years, property values in many parts of the country have increased substantially, offering the possibility of handsome returns on your investment. As an NRI, you can benefit from this price appreciation, enhancing the overall profitability of your real estate holdings.
- Emotional Connection: For many NRIs, owning property in India goes beyond financial considerations. It maintains a strong emotional connection to their roots and homeland. Having a physical presence in the form of real estate can provide a sense of security and a feeling of belonging, making it a meaningful investment on both a personal and financial level.
- Tax Benefits: NRIs can also avail themselves of various tax benefits when owning property in India. These include deductions on mortgage interest, property tax benefits, and exemptions under certain conditions. These tax advantages can enhance the overall financial attractiveness of NRI property ownership.
- Retirement Planning: Investing in Indian real estate can be a strategic move for NRIs looking to secure their retirement. Owning property in India can serve as a valuable asset for your golden years, providing a place to live or a source of rental income to support your retirement lifestyle.
How Can NoBroker Help?
With NoBroker on the job, all those troubles vanish. Here’s what you can expect from the NoBroker team-
- You’ll get a dedicated Relationship Manager to manage your property
- The Relationship Manager will receive tenant calls on your behalf
- They will filter out only relevant tenants and share those details with you at your preferred time
- They will schedule all house visits as per your guidelines
- If your house is in Bangalore our Relationship Managers will even conduct the house visit for you
- You will get a weekly summary to keep you updated about interest shown from prospective tenants
- You’re Guaranteed a top slot on NoBroker.in on the property listing page
- Your property will be promoted on social networking sited like Facebook for faster closure
- You get a 50% Discount on services fees of the online creation and home delivery of Rental Agreement service we have
NoBroker NRI Services
NoBroker has an array of services curated specifically for NRI homeowners. These services are-
Read: Liberalised Remittance Scheme: Eligibility, Benefits and More
Book Best Packers & Movers with Best Price, Free Cancellation, Dedicated Move Manager
This is third
This is third
This is fourth
This is fourth
This is fifth
This is fifth
This is six
This is six
This is seven
This is seven
This is eight
This is eight
- Rent, Buy or Sell:
NoBroker provides extensive assistance through the process of renting properties, buying or selling properties.
- End-to-End Property Management:
NoBroker not only helps NRI homeowners find reliable tenants but also helps in all aspects of the process of finding tenants. This includes delegation of a dedicated relationship manager, weekly summaries of tenant search, on time rent collection, property maintenance, etc.
- Home Loan Assistance:
NoBroker can help NRI individuals avail home loans at low interest rates with fast loan disbursal and up to 100% funding.
- Legal Assistance:
NoBroker also offers legal help to NRI individuals who need guidance through documentation. Key documentation processes like creating a sale agreement, rental agreement, etc are made easier. They also offer tax filing assistance.
- Home Maintenance:
NoBroker partners up with trained and experienced service partners to offer NRI homeowners with free home inspections, painting and cleaning services, and more!
Register Now! NoBroker Contact Details
To register with us, all you need to do is click on this link. Fill in the form or call us on +91 9116-175-040 so that we can list your property for you. Once your property is successfully listed on our site we’ll reach out to you via mail, WhatsApp calls and texts.
You will be kept in the loop through every step and can count on our Relationship Managers to find you, tenants, according to your specifications. You can count on our team to work in your best interest.
Read: Know About NRI Investment Opportunities In India
NoBroker gets over 1 LAKH tenants who visit our site Every day! And as we offer top slots on the listing pages, there is no way that your property will remain vacant for long.
For more details please Click below for Our NRI services.
FAQ’s
Q1. Can foreigners purchase real estate in India?
No, anyone living outside of India who is not of Indian descent is not permitted to buy real estate in India. The sole exception to this rule is if they inherit the land from someone who once lived in India.
Foreigners cannot legally own property in India unless they spend at least 183 days there each fiscal year.
Read: Essential Legal Services for NRIs: A Comprehensive Run Guide
Q2. Can OCI purchase real estate in India?
You can only purchase residential and commercial property in India if you are an Overseas Citizen of India. You cannot purchase farmland, plantation property, or even a farmhouse in India.
Q3. How many homes can an NRI purchase in India?
Ans There is no restriction on how many residential or business properties an NRI can purchase in India. However, an NRI is not permitted to purchase any farmland or plantation land.
Q4. How can I contact NoBroker for NRI property management assistance?
Ans You can head over to the NoBroker NRI services webpage or call +91-9242500000.
Q5. Can NRIs living in America avail NoBroker NRI services?
Ans. NoBroker offers NRI services to patrons from over 150 countries.
Very good feature for users.
Thank you Rakesh, we appreciate your feedback on our features. Property ownership and management at the same time can be tricky for NRIs, and this is where NoBroker’s Comprehensive Property Management Services help them forget their worries. If you are also looking for similar services and reap the benefit of such features, be sure to call us at 9241700000 or visit https://www.nobroker.in for more.
Its an excellent innovation done by You’ll. This will not help only help the owner but he will be tension less. Ill suggest some of my colleagues to check this blog.Thanks for sharing
Thank you Shuan, we appreciate your feedback on our features. Property ownership and management at the same time can be tricky for NRIs, and this is where NoBroker’s Comprehensive Property Management Services help them forget their worries. If you are also looking for similar services and reap the benefit of such features, be sure to call us at 9241700000 or visit https://www.nobroker.in for more.
Hello, would like to rent my property in Bangalore.
Hi Ms. Prasad,
Could you share your contact information with us? We can have someone call you and help you with the FREE property ad. You could also give us a missed call on 720-800-4530 or WhatsApp 92417-00-000 to get help with your property listing.
Cheers!
NoBroker Team
Thanks for posting. I really enjoyed reading it, especially because it addressed my problem. It helped me a lot and I hope it will help others too.