Noida has progressed leaps & bounds in the past few decades and with the enormous infrastructural success it has become one of the major commercial and industrial hubs in India. Real estate developers, who have been constructing commercial properties in Noida have pointed towards the increased demand of commercial & residential spaces in Noida. Both Non Resident Indians (NRIs) and Persons of Indian Origin (PIO) have been purchasing commercial properties in Noida on a large scale, since it has become a recognized commercial hub. Thus, in order to facilitate greater development more and more infrastructural advancements have been established to attract more NRIs for purchasing property in India. Here are certain points for NRIs to consider before making commercial investments in India:
Some important points that NRIs need to consider:
If you are looking forward to purchase corporate office space in Noida then you should approach a renowned real estate developer to begin with. The points to know & discuss:
Know about the ceiling limit to the amount of commercial property that an NRI can purchase. The realtor from whom you want to purchase the property will guide you regarding the details.
If you are thinking of applying for loans, then the NRI desk of the real estate development firm will help you with the loan application process. Usually, commercial properties are pre-approved for loans by banks and financial institutions. The realtor’s office will guide you regarding choosing a suitable bank or financial institution.
The realtor will also aid you with the documentation process, by providing you with all the relevant papers. These papers need to be evaluated by your lawyer.
Sometimes the realtor’s office also helps you with the documentation that you will be required to provide in order to procure the loan.
Thus, it is advisable that you purchase the corporate office space only from a trusted real estate developer. This will protect your interest, by guaranteeing you the legality of the transaction.