NRI’s Guide to invest in the booming real estate of Ahmedabad

Life in a foreign country is expensive, but the same earnings can help you build a fortune if you invest them right. Ahmedabad’s real estate market is just the ideal investment for you. Presently, Ahmedabad is one of India’s fastest evolving & growing cities.

 

Why is this the right time to invest in Ahmedabad?

 

#1. Ahmedabad is becoming India’s next big business hub.

#2. The government plans to make connectivity to this city much easier and quicker.

#3. The internal infrastructure is also rapidly growing.

#4. Many Reputable builders with a legacy of experience have Premium luxury projects in the city, with the advantage of modern town planning in developing areas.

#5. The city is also a short drive away from the green capital of Gujarat, Gandhinagar.

#6. Ahmedabad is recognised as UNESCO’s world heritage city, with one of the most glorious histories & historical monuments and once in a lifetime, you would love to visit this city.

#7. The city is attracting a lot of tourists as well as migration, which will help you gain good rental income.

 

Where to begin?

 

First, Check Your eligibility:

 

• You need to be either an NRI (Non-resident Indian) or a PIO (Person of Indian Origin)
• You can either buy a residential or a commercial property, without the need for any special permissions.

 

The don’ts:

 

• The government doesn’t allow you to purchase agricultural land or farms, or plantation property, unless you inherit it or it is gifted to you!
• You don’t need to visit Ahmedabad to buy a property here, instead, you can authorise a Power of Attorney on your behalf to continue the Procedure.

 

The Procedure

 

 

1. Look for Property Options:

 

Ahmedabad gives you a wide range of properties, be it luxurious high-rise apartments with penthouses, duplexes, available in 3,4,& 5 BHK apartments, as well as commercial properties. You can explore all the options on Vitalspace.in

 

2. Take Expert Advice & Finalise:

 

Understand the market & with the help of Vitalspace Team, pick the area that will give you the best returns in future.

 

3. Pick a Financial Plan:

 

You can opt for a home loan procedure; there are tons of options available in India, or you can self-fund it as well.

 

4. Double Check Important Documents:

 

Make sure your property papers are clear, the builder has provided all clear documents, there is no important detail left unread. Hire a real estate expert from Vitalspace to do the same for you if you are living a very busy life. 

 

5. Involve A Power Of Attorney:

 

Just in case you are unable to be present in the city for the deal, send your power of attorney to make sure things go smoothly.

 

Important Considerations:

 

• Read & understand the guidelines of FEMA (Foreign Exchange Management Act) regarding any purchase & ownership of properties by NRI.
• It is ideal to take expert legal & financial advice when you are investing in an area where you don’t live every day.
• Make sure you are aware of all the taxes imposed on a property purchase by an NRI.
• Take help from expert real estate agents of Vitalspace to guide you through the entire procedure easily & promptly.

Vitalspace has been in the business of real estate consultancy for a decade with trusted & experienced consultants. They have known & grasped the market & government procedures. They have remarkable connections with the real estate market network & manage to bring you the best deals & extraordinary options out there. You can begin your search today with Vitalspace.