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Discover Exciting Options for Flats and Villas in Noida, India

Villa in Noida, India

Real estate is soaring to great heights in India and a number of foreign investors show interest to invest in Indian Properties, especially in Gurgaon, Delhi, and Noida. Noida Expressway is one of the fascinating destinations for real estate investments. The Noida Expressway runs for a distance of about 25 km and it is a six-lane highway that connects Noida with the Greater Noida region. It starts at the sector 15A of Noida and connects with the commercial belt of Greater Noida. It is in close proximity to South East Delhi, which is only 40 km from the Noida Expressway.

villas in Noida

Real estate in Noida:

A number of investors both Indian Origin and NRIs show tremendous interest to invest in properties in Noida, India. The Noida Expressway is part of the Taj Economic zone and is one of the fastest developing modern suburban areas. It is a planned development zone and serves as a perfect model for expert town planning in the country.

Greater Noida or Noida Extension is a fast developing industrial area, that is located at the intersection of the Eastern and the western freight corridors. Greater Noida is also the gateway for the Delhi-Mumbai industrial corridor and attracts investors with tremendous urban and economic growth.

Greater Noida enjoys tremendous connectivity and is located at a distance of 63 km from Delhi. It serves as an excellent destination for investment for the affordable housing segment. The apartments are available at the Noida Extension range from 700 to 1500 sq. ft. Foreign investors buy these apartments for investment purposes and later give their 1 BHK flat on rent in Noida, experiencing tremendous rental benefits.

Investment trends in Noida by foreign investors:

The Non-Residential Indians are now turning towards their homeland for investment, owing to the tremendous boost in the Indian Economy. Their investments are also responsible for the sudden influx of funds into the country. The reasons why investors prefer the Indian real estate market are that. it renders an excellent foundation for return on investments and business opportunities for NRIs. 

A number of young NRIs are looking to book villas in Noida and invest in other properties in the country as the Government has made it very simple and easy for people to invest in India. It has created a number of schemes and policies to enhance the investment venues of the NRI looking to invest in the real estate sector of the country. Investment in the real estate sector has rendered them a tremendous return on investments and the returns have indeed outperformed other investment options such as mutual funds, government bonds, etc. Some reforms made by the government to induce foreign direct investments are as follows,

  • There is no limit levied on the investments and there is no TDS
  • Real estate investments can be used as collaterals to take a bank loan
  • The GOI has allowed for foreign direct investments up to 100% in housing projects and real estate investments.
  • Foreign citizens of Indian origin are allowed to purchase commercial and residential properties in India.
  • Investors enjoy tremendous tax benefits by investing in the real estate sector.

An increasingly large number of NRIs buy properties in India and given them for rent, so as to enjoy the double benefit of holding an immovable asset and secondary rental income.

Documents required for NRI investment in India:

Two main reasons that drive NRI investments in India are the cost of investing and the simplicity of the entire procedure from planning to buying a property. The current Union government has relaxed a number of norms as far as property investments are concerned. The list of documents that are required by NRI’s to purchase properties in India are as follows,

  • Address proof and passport-sized photographs to apply for a home loan.
  • The electricity bills and driving license will work as address proofs.
  • Current bank statement of the past six months, from the bank they receive their salary.
  • Salary slips of the employer along with loan sanction letters.
  • PIO card (Person of Indian Origin) is an essential document to buy property in India.
  • The person can apply for the PIO card in the Indian embassy or the consulate where they currently reside.
  • OCI or the Overseas citizen of India card is the alternative for the PIO card. This card proves the ancestral relationship of the person with the country.
  • PAN Card is an essential document as it is used to file the income tax returns of the property that is been purchased.
  • Power of Attorney as the transfer of signing rights makes the procedure of property buying, handling and selling easy for an NRI.
  • All of the above-mentioned documents should be verified by the Indian Embassy of the country where the NRI presently resides.

Where to find the best properties to buy in Noida, India:

Though NRI has the funds and all the documents ready to buy properties in India, it is important for them to have proper and reliable real estate consultants who guide them through their investment decision. Real estate brokers can be influential and there are all chances for them to guide the investor in the wrong decision.

Expert real estate portals in India such as housing.com serves as an excellent source of pooling the happening projects in the country, all in one place. It shows the investor several choices to park their surplus funds in upcoming real estate projects in Noida. It is possible to invest in apartments, villas, row houses, plots, and under-construction projects through housing.com in different sectors of Noida and in fact all over the country. It is possible to browse projects according to one budget preferences, locality and property type at housing.com.

Booking a villa in Noida through housing.com is simple and cost-effective. There is no brokerage or middle man involvement and all the properties that are listed are from trusted sellers. Thousands of properties in Noida are listed in this portal at a different budget and they also arrange for easy bank loans to simplify investments for NRIs. Browse through housing.com before finalizing your investment decisions and serve yourself the treat of the hassle-free property search.

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