When it comes to making investments in India, buying immovable property in India is always on the priority list for NRIs, primarily residential property. However, the question ‘if they are eligible to buy property in India’ often hounds them. The extant regulatory framework governs such eligibility for the NRIs and does permit them to purchase properties, albeit with certain restrictions. The material provisions in this regard are as under: Type of Properties an NRI can purchase – An NRI can purchase all kinds of commercial and residential properties in India with the help of an NRI home loan. However, it…
Author: Pink Bode
Many people in India have this common notion that people in their 50s cannot get a home loan. However, this is not true. Many lenders in India, including banks and NBFCs (non-banking financial companies) offer various home loan schemes for people in their 50s to get and support their endeavour of being a homeowner. While you may get the desired funds, you must be careful while borrowing it. You can plan your finances well so that you can repay the amount without any hassles. Here are a few important factors who you must consider for a stress-free borrowing experience. Consider…