Buying Property in India


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Gappi   
Member since: Apr 08
Posts: 76
Location:

Post ID: #PID Posted on: 08-10-12 16:23:56

Hi CD's

I am interested in buying a residential property in India, Gujarat. I am not familiar with Indian and Canadian law pertaining land ownership as an OCI and as a woman. This property is for investment purposes. I want to understand the pros and cons of this investment. Also I want know being Canadian citizen what is the process in getting bank loan within India.
I will very much appreciate if you can give me some suggestions.
Thanks!



kakaji   
Member since: Nov 09
Posts: 39
Location: Toronto

Post ID: #PID Posted on: 10-11-12 13:17:58

Hummm ... good thought and investment and best of luck


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Kaho,Piyo,Jiyo aur Maze se Zindagi bitao. ,Keep networking , CD's are doing great job !


metouk   
Member since: Feb 05
Posts: 220
Location:

Post ID: #PID Posted on: 10-11-12 16:01:23

Buy the property If some one there to take care / lookafter it other wise for investment NRE FD is best offering 9% tax free return .



7seasfar   
Member since: Mar 12
Posts: 41
Location:

Post ID: #PID Posted on: 11-11-12 00:49:08

You can buy pre-construction apartments with construction-linked payment, where you don't have to worry about looking after the property, & by the time of possession (or even before) you can sell it for a huge profit. You can even buy a plot in a project, designated for villa's, & it will be maintained by the management company..
Inflation alone will guarantee a substantial profit in Indian real-estate, (specially Tier2 cities, as Tier1 cities prices have gone too high & now Tier2 cities are catching up)





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