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Month: September 2015

How An NRI Does Repatriation of Funds

How An NRI Does Repatriation of Funds

Living in overseas country opens gateway to gather millions as earning. Sophistication and standard lifestyle ends their hunt for it. But attachment to the native land is natural. Spending decades in foreign country evokes the feeling of homesickness. It is automatic. So, migrants have desire to make a comeback to the land of their origin. And this desire reaches at surge at the time of retirement. At that time, the need for purchasing a piece of land arises.

Need of Repatriation of funds:

Indian government has introduced services for NRIs by relaxing laws in order to invite investment.  Thereby, hordes of migrants have started making investment in NRIs property management. In this procedure, repatriation of fund becomes essential. Migrants secure funds in foreign bank account. Land investment requires millions to sign a deal. So, NRIs have to make transactions from the bank accounts. If they don’t have enough money in their domestic bank account, they have to repatriate it.

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Should NRIs Make Property Investment In India?

Should NRIs Make Property Investment In India?

Undoubtedly, builders and housing companies have tried so hard to bring boom in real-estate sector. They have done a little bit of corrections in metropolitan cities’ housing prices. It’s a welcome decent change but the goal is still far away. Concentrating on NRI as their future audience, they have trimmed prices to facilitate NRI services. Even, innovations are on trial too for tempting NRIs & other buyers. But the depression of housing sales can be static and worrisome.

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