Property Investment in India


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Nightmare   
Member since: Apr 06
Posts: 1170
Location:

Post ID: #PID Posted on: 11-11-10 21:07:07

I am planning to commence a consulting business which would provide the following services:

Identifying prospective properties/ land for investment by Canadians in Gujarat, vetting of title documents by a lawyer and ensuring that price is “reasonable”.

Help securing loan to finance the purchase by Canadian investors

Arranging to lease / rent property and help collecting / remitting rent

Maintenance/ managing property (Repairs, payment of taxes etc)

Help selling / disposing the property.

I would like to confine this initially to Gujarat and later on expand.

I would appreciate your input re such venture.



Aashu   
Member since: Nov 04
Posts: 1353
Location: Vaughan

Post ID: #PID Posted on: 12-11-10 11:39:45

Excellent idea and will get good and many clients : we needed this service.


on another note : why this name : Nightmare : can kind of pushe people back....



desi_driller   
Member since: Sep 04
Posts: 419
Location:

Post ID: #PID Posted on: 12-11-10 13:02:49

I will be your first client. BTW I am non gujju but very impressed with progress of Gujrat. I will like to invest there. What is your resources in Gujrat now.


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Driller the thriller


Dotty   
Member since: May 10
Posts: 29
Location: UK

Post ID: #PID Posted on: 15-11-10 02:58:59

gr8 idea but gujarat is huge and already the prices are high,, so to make good returns one will have to invest in smaller towns.. also when one sells property in india please be aware of tax implications in india or how to remit the money..


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Mehra


Vandematram   
Member since: Nov 08
Posts: 1448
Location: Sunny - Leone

Post ID: #PID Posted on: 15-11-10 13:48:00

Congratulations on your business venture.

Hope it will work out for you.


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I just want to warn about what is happening in Tamilnadu and Karnataka.

Currently 9 acres of prime land owned by late Feroze Khan had been taken over the Government of Karnataka and then transferred to the sons of the CM of Karnataka aka Yeddurappa. The scandal has broken out and it is called the Adarsh society of Karnataka.

Just finished watching on Vijay TV(Tamil Channel of Star Network) in a program hosted by Gopinath how the land mafia(involving the local IPS and IAS) are trying to take over the property of the children of late V.V.Giri - President of India in Chennai. Even after visiting the local police nothing seems to happen. Everything is happening legally including advertising in the local newspapers.The property which was rented out to some local hospital and the grandsons found out that the leasee had quietly replaced all the Teak Doors of the home with aluminum doors and windows and quietly sold the teak wood for about 25 Lakhs of rupees.

The question is that there is NO protection for the family of ex-President of India, where will a common man will have protection.

My humble request is that only do business in places there is law and order if not you'll loose all your investment legally.


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Sunny Leone a true Canadian DESI now back in India !.


Aashu   
Member since: Nov 04
Posts: 1353
Location: Vaughan

Post ID: #PID Posted on: 17-11-10 12:28:06

Hello Nightmare : I sent you a PM, can you pl PM me your ph no, I want to talk to you regarding this subject.

Thanks.





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