nri property laws in india

Legalities of NRI property ownership in India

As the Indian real estate environment has become very conducive for NRI investors yet again, there are some questions or points those to be cleared for better decision. These points may be useful for NRI Real Estate Investment in Commercial or Residential Property. Here is some guideline for NRI Investment from Legal aspect.

Can an NRI use a Will for property in India to someone else — either another NRI or a resident Indian?

An NRI can inherit any immovable property in India, whether it is residential or commercial — and even agricultural land or a farmhouse (which they are otherwise not entitled to purchase).

An NRI is also free to inherit property from another NRI or resident of India. However, the RBI’s permission is necessary if the property is inherited by a citizen of a foreign state and is a resident outside India.

Can a property be gifted, and what are the statutory charges levied on a gifted property?

An NRI can gift residential and commercial property to a person residing in India, or another NRI. However, if the property is agricultural land, plantation property or a farmhouse, it can only be gifted to a citizen of India residing in India.

Gifts received from relatives (as defined under the Income Tax Act) are not taxed — but at the time of registration, one has to pay the prevalent stamp duty and registration charges. Relatives include a spouse, brother or sister, brother or sister of the spouse, brother or sister of either of the parents and any lineal ascendant or descendant of self or spouse. If the gift is received on the occasion of marriage or from a registered trust, it is exempt from tax.

Some NRIs are more interested in investing in Indian real estate via companies they have formed on foreign soil, or they may work for a foreign company that is interested in establishing a footprint in India.

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Kudasan : The Best Destination for Real Estate Properties in Gandhinagar

Real Estate in Gandhinagar

Earlier Gandhinagar was known as ‘Government City’. Most of population was Government Employees due to Capital of Gujarat. Villages like Kudasan, Sargasan, Koba, Vavol, Pethapur etc are not connected to Gandhinagar either by Commercial Shopping or by Social Relations. But now a days Gandhinagar and suburb areas has been Prime Destination for Real Estate in not only in Gujarat but also in India.

As Gandhinagar has no private land (all land was occupied by Government). Government had given Residential Plots to Employees. There was no large scope for Real Estate Development in Gandhinagar. But after various development schemes by Government, so many Multinational Companies, Reputed Education Institutes has moved to Gandhinagar and near by areas. Many multinational Companies like TCS, Oracle, Cognizant and so many have started working. So many reputed Schools from the countries like Jamnabai Narsee, DPS etc have also opened their Schools in Gandhinagar. So many reputed Colleges like DAIICT, IIT-G, National Law University, NID, NIFT etc are available at Gandhinagar. You can visit Aspire Realities for many offers available for investment.

As we said, proper Gandhinagar City area has its own limit for real estate development. So all the benefit is transferred to Suburb areas. Among them Kudasan has got the best benefit due to its Prime Location.

Kudasan Offers a better destination for Properties

On the Airport Road between Gandhinagar and Ahmedabad.

TCS Garima Park

Near to Infocity

Near to Gandhinagar By-Pass Road (National Highway)

Nearest Commercial Zone

Projects from Well known developers are available in Residential Property and Commercial Property segment. Real Estate Investors in Kudasan have already got Best Return on Investment in last 2 Decade and there is still a good scope and prime destination for Good Investment.

Bunglows in Kudasan

There is scope for every segment of Customers in Kudasan area. There are some Prime and Luxurious Bunglows Scheme in Kudasan area of Gandhinagar. The main advantages for Bunglows in Kudasan area is Larger Space in Competitive Budget with best connectivity.

4 BHK Luxurious Flats in Kudasan

There are also so many existing new and existing Real Estate Projects in Kudasan Area of Gandhinagar, which offers 4 BHK Luxurious Flats for the Valuable clients. You can contact us for more details.

3 BHK Flats in Kudasan Gandhinagar

There is a huge demand of 3 BHK Flats in Kudasan Area of Gandhinagar. Customers with Joint Family or who want extra space for Work From Home can opt 3 BHK Flats.

2 BHK Flats in Kudasan

There is a special segment who prefers 2 BHK Flat. There is also so many New and Existing Projects those offers 2 BHK Flats. Best Value Returned Opportunity for Investment is also founded in this segment. So many investors in Kudasan Area are getting good Rent Income due to TCS and Students .

1 BHK Flats in Kudasan

Due to lake of demand in 1 BHK Segment there are less projects those offers 1 BHK Flats in Kudasan Area. But still customer can find his own Flat. Mostly there are no new Projects those offer 1 BHK Flats, but in existing projects we can offer the same.