A person resident outside India (PROI) who is an Indian citizen is referred to as a Non-Resident Indian (NRI). Whereas, an Overseas Citizen of India(OCI) is a person who lives outside of India who is registered as an OCI under the provision of Section 7A of the Citizenship Act, 1955. Rule 24 and 25 of […]
Under section 17 of the Registration Act 1908, owners are legally bound to register their properties. Online property registration was introduced under the Digital Initiative of India to facilitate the process of property registration. A few of the states that have made this service available for their citizens include West Bengal, Kerala, Karnataka, Delhi, Telangana, […]
As per Hindustan Times, non-metro cities are becoming the new hotspots for real estate investors. In recent years, Tier 1 cities have seen 28% growth in real estate while Tier 2 cities witnessed a growth of 42%. This is majorly because of affordable housing in Tier 2 cities and lower cost of land and construction. […]
Buying a home is a big step for anyone and when it all goes in your favour, it gives you a huge sense of accomplishment. Moreover, property is an asset that helps you reap numerous financial benefits. The same holds good for Indians who reside outside their home country (Non-Resident Indians). However, high real estate […]
If you’re an NRI with savings and investments in a different currency, then an NRI account comes to your rescue. As per HDFC, an NRI Account is opened with a bank or financial institution which is authorised by the RBI, to provide various services. It involves facilities relating to currency denomination, money transfer etc to […]
The Union Finance Minister, Nirmala Sitharaman proposed Union Budget for 2021-22 on February, 01. The budget covered several key aspects and brought in many innovative proposals to ward off the economic devastation caused by the coronavirus pandemic which brought the world economy to its knees. However, this budget also proposed a few things that would […]
