India-Real-Estate.org

Hello Folks, at a time when the global economy is slowing down, and the various stock markets continue to fall every quarter, here is a solid investment opportunity that can give both annual income and capital appreciation.

• A reliable agri-company in our network has arranged 500 acres of farm land in India at only Rs 1.45 lakh/acre (very attractive land price and offer available only  till land supply lasts).
• The company is founded and run by professionals with IIT/IIM background with international business experience, who are using their professional management experience in the area of farming and land development, which can give better returns than other investments.
• The company has aboout 600 acres under management, and plans to have 2000+ acres in a couple of years.
• The lands are in central India (contact for exact location details), where the company has a strong presence and experience in organized farming. Investors from different locations have already bought the land here, because the farming operations are managed by the company. So your location does not matter.
• These well managed farm land will give tax free annual income, while giving steady capital appreciation.
• The previous farm lands purchases have appreciated over 300% in last 5 years, and have proved to be the best investment in our portfolio.
• For those who don’t want agri risk, the company is offering fixed Annual Income of Rs 10,000/acre (tax free) - that’s like 8% dividend yield on a solid asset with a potential to grow 20% per annum over next 5-10 years going by how land prices in India have increased in the past, and the big demand-supply gap for food products in India due to rising population and rising income levels but lagging agri production and lack of large scale organized farming.
• Therefore, many professionals and investors have already invested in farm land using this opportunity because the company is offering “managed farm land” at attractive prices. Read more »

Beautiful house, centrally located in Sushant Lok C – Block, Gurgaon. Total 1095 sqft with 3 bedrooms, 3 bathrooms, drawing dining, kitchen, front and back balcony, excellent woodwork, modular kitchen, all modern bathroom fittings, RO etc. The property owner is willng to add TV, AC, inverter, beds, sofa, centre table, dining table, microwave etc if needed. This Gurgaon apartment is perfect for people looking for a fully furnished rental option and even for corporate guest houses. It is also very well suited for an expat family with kids. The reason for putting this post here is to make sure that the house is treated with the love it deserves and does not fall into wrong hands.

*Brokers and Agents Please Excuse. Please Do Not Contact*

Expected Rent per month: Rs. 35000 for the fully furnished option.
Availability: Will be available from mid-July 2011.
Interested people can call Tushina (owner): 999 055 0666

One of the most common questions we get is: Can NRIs buy commercial real estate in India?

Answer: Yes, NRIs buy commercial real estate/property in India. Under the general permission granted by the Reserve Bank of India (RBI), NRIs can buy/acquire property other than agricultural land/farm house/plantation property, provided the purchase consideration is met either out of inward remittances in foreign exchange through normal banking channels,or out of funds from the purchaser’s NRE/FCNR accounts maintained with banks in India and a declaration is submitted to the Central Office of Reserve Bank in form IPI 7 within a period of 90 days from the date of purchase of the property/final payment of purchase consideration.

You have to understand from where the Govt/RBI is coming. The country’s core assets like agricultural land has to be protected from large amounts of foreign capital acquiring large chunks of such land. RBI has no problems for buying regular commercial property in cities. As an NRI, your best bet will be to buy commercial property in India from reputed developers like DLF, IndiaBulls Real Estate, Orbit Corp, Marathon Nextgen etc.

As you would notice from the posts on this website, there are different kinds of rules for different kinds of real estate investing in India.

If all you want to do is buy an apartment for yourself, its straight forward. But its different if you want to build an apartment complex or township or SEZ (special economic zone) with FDI (foreign direct investment) or ECB (external commercial borrowing).

Please refer this post: RBI Guidelines for FDI and ECB in Indian Real Estate

Investing in real estate in India requires compliance with various laws, some 100 years old and some new. In addition to Central Govt laws, there are state laws governing real estate transactions and investment.

The Central laws governing real estate include:

Indian Transfer of Property Act

The Transfer of Property Act governs the transfer of property by various means. Sales, mortgages (other than by way of deposit of title deeds) and exchanges of immovable property are required to be registered by virtue of the Transfer of Property Act. Therefore, all the above documents must be in writing and registered.

Indian Registration Act, 1908

The purpose of this Act is the conservation of evidence, assurances, title, publication of documents and prevention of fraud. It details the formalities for registering an instrument. Instruments which require mandatory registration include:

• (a) Instruments of gift of immovable property;
• (b) other non-testamentary instruments which purport or operate to create, declare, assign, limit or extinguish, whether in present or in future, any right, title or interest, whether vested or contingent, to or in immovable property;
• (c) non-testamentary instruments which acknowledge the receipt or payment of any consideration on account of instruments in (2) above.
• (d) leases of immovable property from year to year, or for any term exceeding one year, or reserving a yearly rent

Sales, mortgages (other than by way of deposit of title deeds) and exchanges of immovable property are required to be registered by virtue of the Transfer of Property Act. So all the above documents have to be in writing.

Section 17 of the Act provides for optional registration. An unregistered document will not affect the property comprised in it, nor be received as evidence of any transaction affecting such property (except as evidence of a contract in a suit for specific performance or as evidence of part-performance under the Transfer of Property Act or as collateral), unless it has been registered.

Thus the doctrine of part performance dealt with under Section 53 A of the Transfer of Property Act and the provision of Section 49 of the Registration Act (which provide that an unregistered document cannot be admissible as evidence in a court of law except as secondary evidence under the Indian Evidence Act) together protect the buyer in possession of an unregistered sale deed and cannot be dispossessed. The net effect has been that a large number of property transactions have been accomplished without proper registration.

Instruments such as Agreement to Sell, General Power of Attorney and Will have been indiscriminately used to effect change of ownership. Therefore, investors in real estate have to be careful in their due diligence.

Therfore, establishing “Clear Title” on your desired Indian Real Estate is more complex and time-consuming than it is in America or Europe. Please factor this in your due-diligence.

Reference: http://www.madaan.com/realestate.html