Very informative… thanks for sharing. It took me many years of loss to realize this point and recently started to liquidate all Assets but nothing is getting sold in this bad phase of economy. NRI’s. Save your dollars in USA. Use India money in India
These NRI inflate RE market in addition to politicians and gundas and make it difficult for middle class people with non IT job to purchase an apartment.
So true. Modi is a useless politician who could not even fix these most important basic stuff after a decade and he talks as if he is a innovative leader LOL
@firstpostcommenter8078 this is exactly the problem i have with Modi. He didn't fix such basic issues as judicial backlog, policing, basic rule of law etc. All he did was create a police state that harasses citizens in the name of TDS, tax notices, GST etc
Problem with nri or hni is they are investing in land / apt they will not use and the perosn who has the need cannot afford it.. Govt should tax vacant house apt at some rate so that builders dont raise priceses hoard inventory.
What a crap- parents will buy real estate as per their convenience and ease of management, their children’s need to manage or sell accordingly any way they are dealing with easy hereditary asset - come on😊
TDS is deducted 35% on the capital gain tax for NRIs , OCI not on the sale of property but that can be reclaimed and you will get further tax benefits if you reinvest in real estate in India
NRI'S who takes up foreign passport should leave the property to their siblings or poorest cousins within their family instead of remmitng the capital to foreign country.
Very informative… thanks for sharing. It took me many years of loss to realize this point and recently started to liquidate all Assets but nothing is getting sold in this bad phase of economy. NRI’s. Save your dollars in USA. Use India money in India
Thanks Yash
Thanks , very useful to me as a NRI
Unfortunately many parents are reluctant to sell real estate as it holds sentimental value.
Not to mention, the indian income tax department loves to issue tax notices to nris. "Do not move money to india. Its difficult to bring it back"
These NRI inflate RE market in addition to politicians and gundas and make it difficult for middle class people with non IT job to purchase an apartment.
Right on Dot! Honestly someone told the facts
Thanks
Not mentioned if tenant or nbr is crook he can file a false case and it's very difficult
Why is the real estate agent investing in gold ? Liquidating physical gold and getting that money out of India is no small feat .
Kabja ho jayega indian court mei 35 saal lagega
So true. Modi is a useless politician who could not even fix these most important basic stuff after a decade and he talks as if he is a innovative leader LOL
@firstpostcommenter8078 this is exactly the problem i have with Modi. He didn't fix such basic issues as judicial backlog, policing, basic rule of law etc. All he did was create a police state that harasses citizens in the name of TDS, tax notices, GST etc
Wonderful video
Good information
Problem with nri or hni is they are investing in land / apt they will not use and the perosn who has the need cannot afford it..
Govt should tax vacant house apt at some rate so that builders dont raise priceses hoard inventory.
What a crap- parents will buy real estate as per their convenience and ease of management, their children’s need to manage or sell accordingly any way they are dealing with easy hereditary asset - come on😊
TDS is deducted 35% on the capital gain tax for NRIs , OCI not on the sale of property but that can be reclaimed and you will get further tax benefits if you reinvest in real estate in India
*Success usually comes to those who are too busy looking for it. If you're willing to do business or become an investor then you will be rich!*
Investment is the best idea presently and without it, human struggles are worthless.
That's awesome!!! I know nothing about investment and I'm keen on getting started. What are the strategies?
I got into the market with 2k and I'm up with 6k in a short period of time through Jasmine Harvey. So excited to build a business from my returns.
No doubt, Jasmine really has nice strategies and that has liberated me financially. So funny remembering how I started!!!
That woman totally changed my life for good. I have come across individuals but none is as honest as Jasmine. So surprised you know her too.
NRIs love india & everyone should live in the country they love.
❤
😂😂😂still nri love current government 😅😅😅😅😂😂
NRI'S who takes up foreign passport should leave the property to their siblings or poorest cousins within their family instead of remmitng the capital to foreign country.
The first thing they do after getting NRI status is limit relations with poor relatives😂
@D.2601 Supportting siblings and poor cousins is a kind of service to nation.
Why ? lol I think you are that cousin
@@chrismathew6989😂😂😂
The person earns the money & saves parts of it to buy property . And then just donate the asset? That's unrealistic & ridiculous