TCRR Expertise team Support to NRI customer desk in real estate refers to a dedicated support system or service offered by real estate developers, agencies, or firms specifically for Non-Resident Indians (NRIs) who are interested in investing in real estate properties in India. The desk or service aims to simplify the process for NRIs by providing personalized assistance and handling specific requirements related to property investment, legalities, financial matters, and post-purchase services.
TCRR expertise team Provide a wide range of real estate options suitable for NRIs, including residential, commercial, or investment properties. And helps NRIs understand the best investment opportunities based on their needs, whether for rental income, capital appreciation, or personal use.
TCRR expertise team Assist with the legal documentation required for purchasing property in India, including agreements, titles, and property verification. And help NRIs navigate Indian property laws and ensure they comply with the Foreign Exchange Management Act (FEMA) and other regulations. This includes advising on the eligibility to buy property, repatriation of funds, and other related legalities. Also offer insights on applicable taxes (such as GST, stamp duty, and property tax) and the processes involved in filing returns and claiming deductions if necessary.
TCRR expertise team help NRIs access home loan options available for them in India. This includes liaising with banks and financial institutions that offer home loans to NRIs, explaining eligibility criteria, interest rates, and documentation required. assist NRIs with the process of transferring funds back to their home country after property sale, including ensuring the repatriation process follows RBI guidelines.
TCRR expertise team Organize virtual tours of properties for NRIs who are unable to visit India personally. This may involve 360-degree views, video calls, and detailed property walk-throughs. sometime NRIs planning to visit India, some NRI desks arrange site visits, showing properties that match their criteria.
TCRR Expertise team Guide NRIs on property-related taxes in India, such as capital gains tax when selling property and how to minimize tax liabilities through exemptions, deductions, and other provisions. also help with repatriation of rental income or the sale proceeds of property back to the NRI’s country of residence.
TCRR expertise team Legal Support for Will and Inheritance Help NRIs draft their will and provide guidance on property inheritance issues for NRIs, especially in relation to Indian property. Also, TCRR expertise team help to NRIs Power of Attorney (POA) Process assist NRIs in giving a Power of Attorney (POA) to a trusted individual in India to handle property transactions on their behalf.
TCRR Expertise team also support to NRI Customer Desk in real estate offers a tailored, comprehensive service for Non-Resident Indians interested in investing in properties in India. By providing expert advice on legalities, financial matters, property options, and management services, it simplifies the real estate journey for NRIs, ensuring a smooth and hassle-free process for them.
The Lower Tax Deduction Certificate (LTDC) for Non-Resident Indians (NRIs) is a mechanism that allows NRIs to apply for a reduced rate of Tax Deduction at Source (TDS) on their income earned in India. This can be particularly useful if the NRI expects their total income to be lower than the amount on which TDS is being deducted, or if they are eligible for tax benefits under the Double Taxation Avoidance Agreement (DTAA) between India and their country of residence.
TCRR team and our expertise will help to NRI Client to complete this process.