Tag Archives: Luxury homes

TIPS FOR NRI INVESTORS TO BUY A HOUSE IN INDIA

tips

It’s a daunting task for NRIs looking at investing in Indian property today. On the outside, with the rupee touching all-time lows against the dollar and India’s ‘real estate’ growth story looking bleak, the prospect for investments in property for NRIs seems like an uphill task. But this hasn’t deterred them from investing in India because, though for Indians property prices have appreciated significantly, for the overseas Indian, it has only been a marginal increase. So, whatever be your reason for investing in India, make sure that you are diligent and careful. Some important questions you need to ask yourself are:
Which city do you want to invest in?
In whose name do you want to buy the property?
If you have invested in a ready property, how do you plan to fund it?
Before any kind of an investment, engage in sufficient research or you may end up buying into micro markets. Also, make sure that the property has secured all clearances required by law. Insist on legal documents to ensure that your investment is safe.

Logically speaking, your first action plan should be to determine the nature of the property because NRI investment rules are different as per RBI guidelines. Buying a property requires time and energy and hence it’s advisable to not fall prey to hoax calls or ‘gut instincts’. Before you zero on into a project, speak to a few builders in the locality on the initial prices and the price for the last transaction. Make sure you visit a completed project by the builder to assess quality before deciding to buy.

Check the developer credentials, prime location, potential for infrastructure development and quality of property management in the project. Remember that apart from the registration cost and stamp duty, there’s also a service tax that will be levied. Once you arrive at a price at which the sale is agreed, pay through rupee denominated non-resident ordinary (NRO) or nonresident external (NRE) accounts and foreign currency non-resident (FCNR) accounts. It’s always suggested to invest in mind-sized property with high-end amenities.

Before you finalise on any property, find a good real estate adviser who will help you out with all the details. It’s advisable not to go to a broker. Most NRIs get tempted to purchase a holiday home in a hill resort or beach property or a retirement home over buying yet another flat in the city. But keep in mind that residential land purchases usually pay off well for most investors. Have any more tips? Share it with us.

‘And suddenly he saw an immense cloud floating by his window’

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Living in the mountains is an exhilarating experience. There is nothing more serene, more invigorating and more inspiring than catching the morning mist on the window pane or breathing in fresh air every day. There is nothing that adds that hint of romance and is more magical than the sight of clouds descending onto the mountaintops in wisps and puffs of fog.

There is nothing like living in the mountains.

Myst, India’s first residential development by Tata Housing is designed using biophilic architecture and brings alive your this dream of living in the mountains. It’s an approach that brings you closer to the pristine nature of the Kasauli hills, while presenting you with every luxury that you truly deserve. Biophilic architecture is a design ethos that integrates nature and architecture to create living spaces that are invigorating and comforting. Myst’s unique design incorporates natural elements like flowing water, green roofs, and airy open living spaces to reconnect residents to nature.

Have you ever heard of Eco-Luxury? That is what Myst is all about. Located in the foothills of the Himalayas near Kasauli and at 5,500 ft. above sea-level, it is about 65 kms from Chandigarh airport and brings you one step closer to nature.

This exclusive gated community has been designed by the world’s leading expert in sustainable architecture, Llewelyn Davies Yeang. Located on a high promontory, Myst blends contemporary design seamlessly with the unique ecology of the area. When you live here, expansive mountain views, indigenous plants, clean air and cascading streams of water become a part of the living experience and add a new dimension to luxury living. The result isn’t just architecturally accomplished – it’s way of living in harmony with natural beauty that is both pleasurable and sustainable.

Luxury now is more sensitive in its approach and more evolved in the statement it makes about those who choose to live here. Whether you’re looking for spending more time with your family or an unforgettable experience of your lifetime, nothing will fire your living and redefine ‘feeling at home’ like Myst.

Who says a holiday has to be far away from home? We know busy lives mean fewer opportunities to meet up with friends and so we offer you Myst. Make living count. Let the mountains echo of understated luxury and eco-friendly existence. Listen to your heart beat to the sound of nature. Stop. Admire the photogenic landscape that is your home. And when you think you need a quick holiday, just head into the neighborhood, switch off your smartphones and settle in for the ultimate experience of living amidst the Gods.