Dr Ravichandra Bellam Property Advice For NRI’S

Dr Ravichandra Bellam Property Advice For NRI’S

Dr. Ravichandra Bellam said that real estate market plays a vital role in the development and economic growth of India’s in the current scenario. In India especially Bangalore is an attractive avenue of investment for NRI real estate buyers because the attractive foreign exchange conversion rates make real estate here highly affordable. It also offers NRIs a permanent place of residence if they decide to return to the country. Bengaluru is one of the fastest-growing cities in India and is also at the epicenter of India’s real estate boom. Due to the huge investments pouring in from IT and Software companies, Bengaluru’s real estate value is increasing at an unprecedented rate. These factors make the city a preferred option for real estate investments by NRIs.

Here are a few guidelines for the NRI’s From Dr. Ravichandra Bellam

Regulatory Act

The regulatory action is a rule that follows Indian passport is all that an NRI requires in order to buy a property in India. Real estate investments by NRIs are regulated by the Foreign Exchange Management Act (FEMA). This initiative was taken up by the government to facilitate the growth of NRI investments. The Real Estate Regulatory Act (RERA) is another measure aimed at easing up processes for NRIs. RERA ensures transparency in the building processes, helps buyers avoid delays in construction, mitigates the risk of invalid certificates and provides a clear legal procedure in the event of violations by the developer. Dr. Ravichandra Bellam guides you that you need to follow the above rule in order to invest real estate in Bangalore.

Types of Property to Invest In

According to the Dr. Ravichandra Bellam guidelines told in this article that. Guidelines issued by the Reserve Bank of India, NRI’s (including PIOs and OCIs) can invest in immovable assets in India such as commercial and residential real estate. However, NRIs are not allowed to invest in agricultural land, farmhouses, and plantations.

Power of Attorney

Since an NRI may not be physically present for all the formalities in the home buying process, they are allowed to grant a power of attorney to another individual. Power of attorney status allows an individual to act on behalf of the NRI, signing documents and making decisions in their best interest. They are also allowed to collect rent, mortgage, sell and lease property on behalf of the NRI. Dr. Ravichandra Bellam NRI, if you are unable to repeatedly travel back and forth between India and your country of residence, it is best you grant the power of attorney to someone you trust the best way to invest easily Dr. Ravichandra Bellam said.

Top Areas to Invest In

For NRIs looking to invest in Bengaluru’s real estate, there are a few pointers to keep in mind while choosing the best locality. Since most NRIs are unlikely to move into their property immediately, they need to choose a locality that offers a steady stream of tenants. NRIs also need to look for areas that have high future growth potential. In Bengaluru, Dr. Ravichandra Bellam said that the following areas are rapidly emerging as the top real estate hubs.

Whitefield

Whitefield is an exciting and most preferable area to invest in as it is home to some of the biggest IT companies in the country.  Dr. Ravichandra Bellam said that is the reason to live in Whitefield, the demand for good quality housing in the area has gone up. This is why property prices in Whitefield tend to appreciate very quickly, making this locality an excellent avenue for investment. For NRI real estate buyers, Whitefield is one of the best choices.  According to views and expressions of Dr. Ravichandra Bellam Whitefield offers luxurious, spacious villas in Whitefield that are perfect for NRI investors as they offer plenty of open green space as well as the joy of community living.

Hebbal

With the massive developments due to investments from the IT sector, Hebbal has become one of the most recommend area and hottest investment destinations. Infrastructural developments like the Outer Ring Road and Bellary Road connect Hebbal to key localities in Bengaluru. The proposed metro line will also go a long way in making Hebbal more accessible. Dr. Ravichandra Bellam said these developments have led to an influx of people into the area, increasing the demand for good housing options. Because of this, investing in Hebbal’s real estate is guaranteed to give NRIs a steady income from rent as well as guaranteed price appreciation. Sterling Pointe is one of the most luxurious, yet private and limited apartment projects in the views of Dr. Ravichandra Bellam.

Bellandur

Bellandur is becoming increasingly important because it is located very strategically between Whitefield and Electronic City. Its proximity to these corporate hubs has made it a preferred locality for people looking for affordable accommodation within the city. As property prices are also steadily rising, investing in Bellandur’s real estate is a very wise option for NRI investors. Dr. Ravichandra Bellam recommends residential apartment project in Bellandur. Located on the arterial IT corridor, this project is very close to large offices like CISCO and Accenture as well as IT parks like Eco Space. This proximity ensures NRI investors get tenants with ease.

Marathahalli

Located in the southeast region of Bengaluru, Marathahalli is another suburb in Bangalore, which has witnessed the massive development after the city’s IT-boom. Apart from this, one of the biggest reasons for Marathahalli’s growth has been the development of the Outer Ring Road. This has influenced many people to move to Marathahalli and is fueling the demand for good housing projects. With price trends for property in Dr. Ravichandra Bellam said Marathahalli looking positive and no dearth of tenants available, Marathahalli should be on every NRI investor’s list.

Sarjapur

Two main factors can be attributed to Sarjapur’s remarkable growth in recent years: the setting up of the Wipro campus and the construction of the Outer Ring Road. Sarjapur is also very well-connected to other important localities in Bengaluru such as Koramangala and Electronic City. The convenient location of Sarjapur coupled with its rapid growth makes it one of the best areas in the city for NRI investors. Dr. Ravichandra Bellam said that NRIs can find a plethora of investment options here, from luxury apartment complexes to villas within gated communities.

Note: The views expressed above are for informational purposes only based on industry reports and related news stories. Dr. Ravichandra Bellam does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.