Why NRI Investors Are Facing Troubles in Real Estate

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The capital and currency market have been globally changing from past few months, and also the rupee value is not stable. The repeated depreciation in the rupee value is due to current account deficit and the foreign investors are selling heavily in Indian Bond Markets. Industrial Growth and the negative export is one of the reason for currency uncertainty.

The subsidy of the nation will effectively increase because the Central Government has passed the Food security bill. For the populist measures lok shabha elections will going to be held in 2014. Overall financial status of our country is not so good right now. Over the mid-term we may see few changes. Importing of fuels would hurt the economy as such.

In Indian Real estate, when the rupee value depreciates NRI’s come into existence. The foreign exchange where they have invested will significantly increase when the rupee value decrease. When there is no stability in rupee value institutional banks and developers announce various schemes to attract NRI’s. Same way NRI’s are also attracted for the high interest on Non-Resident External and Foreign currency Non-Resident. Data information taken from last two decades says that NRI’s are facing huge losses in their foreign exchange into such accounts during the time of changes. They are thinking that they are capitalized on the rupee’s changes by depositing in high yield. This has overall missed the capital returns of NRI’s, because the benefits of high interest rates which they have gained has eroded due to decrease in the rupee.

NRI’S are assuming that they will get high returns when they hold their foreign exchange into high yielding deposit. But it is wrong. More and more NRI’s are choosing Indian Real estate to invest because they think that this is the best place to gain high returns and benefits

NRI’s are always targeted by developers of real estate market. The main object of developers is to make NRI’s to believe that the offers have especially created for them. The truth behind this that the project is not managed professionally. For this NRI’s should think and make a decisions on buying property in India. Before any decisions advice from professional should be taken for the better return on investment.

Increase in the Cost of Real Estate to Buyers Due to Regulatory Changes

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In real estate sector several regulatory changes took place in recent times. More changes are in work. Main aim of this change is to protect buyers’ interests where few of them carry a cost.

During the monsoon session of the parliament Transparency in Land Acquisition the Right to Fair Compensation and Rehabilitation and Resettlement Bill, 2012, was passed. This bill was passed to improve the compensation paid to the landlords whose lands where taken for the infrastructure, industrialization, urbanization and development. The main intention of the bill is to provide minimum payment to the landlords by paying twice the market value in urban areas and four times in rural areas.

On the other side the major problem of landlords are that they are paid very less compensation in respect to their lands. Related cost and litigation cost is expected to reduce.

It has been said that the legislation is going to increase the cost land acquisition for developers and makes real estate expensive to our end users. This is not completely true. The Bill applies only to those developers who will be going acquire 50 acres of urban land or 100 acres rural land. Smaller parcels of land are developed through residential, retail real estate and commercial project.

If a developer is planning to build a large township have to bear the Bill’s provision. The clause which has direct clause is enhanced compensation clause and resettlement and rehabilitation bill. As the market value has been defined it can also lead to the wrong assessment of land price. Depending upon the registered sale deeds the market value will be determined.  The Bill should have internationally recognized valuation standards for the land market to function.

The higher compensation will delay in acquisition and affects the project cost which could lead to higher cost charged from buyers in large projects.

A Review on Raja Housing Project- RAJA ARISTOS

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Raja Housing is a place where dreams come true. They are offering a dream home at affordable price to people staying in and around Bangalore. They understand the customer’s needs and take care of that. It is like whenever we step into a Raja Housing we feel that we are a king.

Raja Housing has series of expertise that allows them to have a good quality supervision reviews and board of all aspects towards projects from the acquisition of land, appointment, constructions and after sales services. The projects are situated in fashionable locations and homes are built with high quality dimensions that have become identical with the cluster. In addition to support services we will provide “A Right Choice” by assemblage, with the most comprehensive customer care to delighted customers across cities in India.

If you are planning to buy a flat in Bannerghatta near Meenakshi Temple, then raja Aristos is the right Project for You. Raja Aristos is a big project which has land escapes and purely crafted. The tower has a high rise of 312 luxury apartments with all the hi-fi facilities and there is a Larger open space area, Amphi-theater for get together with friends and family, Play area for kids, Senior Citizen Sitting area etc. You will get a royal feeling staying there.

Raja Aristos provide us a comfort feeling staying at home. In apartment each room is spacious with beautiful interiors, and with an ample natural lighting and it’s highly ventilated to get and enjoy a fresh air.

This is the perfect for investment purpose and for living at your dream home. Raja Aristos helps us to purchase your dream home by providing loans from nationalized bank. Never miss the chance of booking a dream home in your city.