How NRI can transfer money abroad from property sale?

How NRI can transfer money abroad from property sale?

NRI selling property in India can legally repatriate money abroad. However, it is generally seen that NRI transfer money obtained from property sell via private money transfer method or unauthorized channel. This may be due to lack of knowledge or ignorance. The private money transfer method used for transferring money earned from property sell is illegal. In this post, I will explain the rules applicable to the repatriation of a fund by NRI post property sale. How NRI can transfer […]


What is Benami Property? What is prohibition of benami property act?

What is Benami Property? What is prohibition of benami property act?

Benami Property is the popular word today. We keep on hearing this word very often but do we really know the meaning of Benami Property and implication of holding benami property. In this post, we will discuss what is benami property? What is prohibition of benami property act? How benami property act will eradicate black money? What is Benami Property? An actual meaning of benami is without any name. Benami Property means property purchased on the name of someone else. […]


Pradhan Mantri Awas Yojana PMAY – Subsidy Details – How to apply?

Pradhan Mantri Awas Yojana PMAY – Subsidy Details – How to apply?

One of the basic requirement of every human being is a house. However purchasing an own house in India is like a dream come true for many individuals.  In India, only high-income group and few middle-class people can afford to purchase a house. A lower income group has no option or very few option for the housing. To address this issue the government of India has taken a major step towards launching Pradhan Mantri Awas Yojana PMAY or housing for […]


10 Points to consider before buying Property in auction

10 Points to consider before buying Property in auction

You can save a lot of money by buying a property in the auction. The property sold in the auction is generally 20-30% cheaper than market cost. Recently I attended bank property auction along with my friend. It was indeed a very good experience. I was surprised that property was sold 40% lower the market rate. Many investors and property buyers get lured by the reduction in the property price and they blindly purchased the property in the auction without […]


10 Things to consider before buying resale flat house

10 Things to consider before buying resale flat house

To save cost and time many people buy a resale house or resale flat. The flat which is sold for the second time is known as a resale flat or resale property. As it is sold for the second time, a cost of this flat is lower compared to new flat. However, a cost of flat usually depends on multiple factors like area, an age of property, amenities, localities etc. Well, if you are planning to buy a resale house […]


Real Estate Bill Approved – Good days are back for real estate?

Real Estate Bill Approved – Good days are back for real estate?

After long-term deliberation Real Estate Bill is finally approved. This Real Estate Bill is introduced to regulate reality sector. It is expected that this bill will bring transparency and protect human rights for the real estate sector. As we know real estate sector is totally unorganized and it is one of the key source of black money circulation in India. An Introduction of this bill will bring real estate sector in order. It will also bring good days for the […]