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Residential :: Investments in India
 
Invest in India
 
"India" the destination for the future. India is growing at an exponential pace, people from around the world want to setup manufacturing hubs, IT & Software development centres, BPO's. The who's who of global multinational are queing upto be in India. And in India, if all the action in the property market is, it is in "Mumbai" the City of the Future, you must have heard or read it in the News that the Government Of India, wants Mumbai to be the next Shanghai!!

Hence to earn maximum returns on your investments, Mumbai is where you should actively look at in investing.
Mumbai, by far is India's most balanced city with space for every one to be here and survive. Mumbai is presently on a fast track growth. Investments are pouring in from different parts of the world, into the Capital Markets - The Bombay Stock Exchange and The National Stock Exchange and with a versatile Island City development a lot of New Bridges and New infrastructure investments are planned, Mumbai should change a bit for sure in the coming years.

The beginning of the Year 2004 was slow and steady for the Mumbai real estate market and a launch of hundreds of new projects, the abolition of TDR and the Savvy Builders making townships in areas like Thane, Vasai, Naigaon, Vashi etc, the Suburbun Mumbai has a lot in store. Areas such as in Western and North Western Suburbs, for eg. Bandra, Andheri, Goregaon, Malad, Kandivali etc, and Central and North Central Suburbs are seeing huge increases in property prices since last couple of quaters.

 

The IT, ITes, BPO businesses in Mumbai have taken up more 10.00Lacs sq.ft of Commerical Space by the top MNC's Like JP Morgan, Morgan Stanley, IBM, Citibank, Accenture, Deloitte, Reliance, Tata's etc thus favouring Mumbai over any other city today. This demand for commercial real estate has given rise to the requirement of residence apartments for Employees on both lease and Sale in all suburban areas in different ranges.

The best part is this that this commercial invasion by the MNC's is not restricted to one particular location, most of these companies have bases at Malad, Powai, Vashi, Andheri East, Vikhroli, Belapur CBD and a lot of top of the Line Corporate offices are set up at the Bandra Kurla Complex, Lower Parel, Mahalaxmi and Worli areas.

Hence the return on investments would be for all property investments across areas in Mumbai, with some areas however showing sharp increases due to the increase in demand in those areas.

However a wise investment decision based on consultation with a Coldwell Banker®  Goodwill Consultants sales associate will ensure the safe and sure returns on your investment on your immovable investment in India

 
The returns on Investments in Commercial Real Estate Investments varies from 8% to 11% conservatively and on the residential front the returns after leasing the apartment are varying from 4% to 7% depending on a lot of factors. However these are conservative estimtes and the returns are on an average much higher.
 
Letting Out Immovable Property
 
With the influx of so many companies and executives flocking to Mumbai, getting a client for lease of commercial or residential property is never an issue. The incomes out of the investments made through your NRI accounts can be repatriated back to you so that you can enjoy your investments.
 
The RBI has granted general permission to NRI's and foreign citizens of Indian origin, to let out their residential properties acquired for their bonafied residential purpose but which on account of their residence abroad, are not required for their immediate residential purpose. However, there are restrictions regarding the repatriation of the rental income earned from such letting out of the property. The rental income is on a non-repatriation basis. Thus funds ( rental income ) must be credited to the NRO Account/ Resident Accounts in India.
 
We anticipate that the Mumbai market will remain pretty warm in the next financial year with the Stock Markets being bullish and the government taking the right steps in the development of infrastructure in and around the City.
 
A few Key developments which will enhance the Look of Mumbai city in future are :
 
  1. New Airport Buildings / Proposed New Airport.
  2. New Suburban Trains to be launched with in the next 2-3 years.
  3. Old Roads being refurbished and widened.
  4. Slums are demolished to give way to more open areas and increased flow of vehicular traffic.
  5. De -congestion of Prime CBD areas.
  6. Improving the efficiency of the current transportation systems.
  7. New bridges to be made with in a time bound period on key junctions.
Contact us to know more about various rules, requlations, FAQ's, regarding acquisition and transfer of immovable property in India by NRI's / Person Resident outside India.

Please feel free to call us on +91 9820332992 for advice and assistance on any Investment / Property Purchase decisions. Alternately you can email us at nriservices@coldwellbankergc.com.
 
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