Designer home

LyraJanes · August 1st, 2009, 07:10 AM

If you yearn for space, comfort and a peaceful yet handy setting with a panoramic view then its time for you to sell your old place and entrust an experienced builder with proven track record to build the perfect home for you.
It's the dream of your life to own designer home. To fulfill this dream you have to take many tough decisions regarding the choice of the builder. a competent builder will take care of the many questions that you will have to consider like access to educational facilities, hospitals, entertainment, shopping and offer you excellent value for money.
The project should offer you the lifestyle you desire and deserve, with elegant architecture and choice of tastefully designed homes.
Most NRIs and persons of Indian origin (PIOs) with dollar incomes no doubt, wish to invest by buying a Kochi Apartment for themselves, or their family. Yet, there is a slight hesitation as generally, NRIs/PIOs are unclear of India’s foreign exchange regulations, and how to go about investing in residential property in India with funds remitted from overseas.
NRIs and PIOs are legally permitted to acquire immovable property in India, other than agricultural land, a plantation, or a farmhouse. They can use their own funds to acquire immovable property, or even take a housing loan for the purpose.
Authorized banks are permitted to provide housing loans to NRIs/PIOs for acquiring residential accommodation in India, subject however, to certain conditions. The quantum of loans, margin money, and the period of repayment is at par with the housing loans provided to residents in India. However, the loan amount cannot be credited to the NRE/FCNR account; it has to be fully secured by equitable mortgage of the property proposed to be acquired, and if necessary, by lien on the NRI’s / PIO’s other assets in India. The installment of loan and interest and other charges has to be paid by the NRI/PIO by remittances from outside India through normal banking channels, or out of funds in the NRE/FCNR/NRO account in India. In the last case, the property can be let out for earning rental income, with the loan and interest repaid out of the rental income of such property.

August 1st, 2009, 07:10 AM	#1
LyraJanes Junior Member Join Date: Aug 2009 Posts: 1	Designer home If you yearn for space, comfort and a peaceful yet handy setting with a panoramic view then its time for you to sell your old place and entrust an experienced builder with proven track record to build the perfect home for you. It's the dream of your life to own designer home. To fulfill this dream you have to take many tough decisions regarding the choice of the builder. a competent builder will take care of the many questions that you will have to consider like access to educational facilities, hospitals, entertainment, shopping and offer you excellent value for money. The project should offer you the lifestyle you desire and deserve, with elegant architecture and choice of tastefully designed homes. Most NRIs and persons of Indian origin (PIOs) with dollar incomes no doubt, wish to invest by buying a Kochi Apartment for themselves, or their family. Yet, there is a slight hesitation as generally, NRIs/PIOs are unclear of India’s foreign exchange regulations, and how to go about investing in residential property in India with funds remitted from overseas. NRIs and PIOs are legally permitted to acquire immovable property in India, other than agricultural land, a plantation, or a farmhouse. They can use their own funds to acquire immovable property, or even take a housing loan for the purpose. Authorized banks are permitted to provide housing loans to NRIs/PIOs for acquiring residential accommodation in India, subject however, to certain conditions. The quantum of loans, margin money, and the period of repayment is at par with the housing loans provided to residents in India. However, the loan amount cannot be credited to the NRE/FCNR account; it has to be fully secured by equitable mortgage of the property proposed to be acquired, and if necessary, by lien on the NRI’s / PIO’s other assets in India. The installment of loan and interest and other charges has to be paid by the NRI/PIO by remittances from outside India through normal banking channels, or out of funds in the NRE/FCNR/NRO account in India. In the last case, the property can be let out for earning rental income, with the loan and interest repaid out of the rental income of such property.

Designer home

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