What should a person look for before buying a residential property in India. I will be moving to iNDIA AFTER 40 YEARS IN US. wHAT SHOULD i WATCH FOR BEFORE BUYING RESIDENCE THERE IN INDIA.
2007-09-04 17:59:34 · 2 answers · asked by Ravi T 2 in Business & Finance ➔ Personal Finance
Lucky you. Good luck with the move.
A clean sellers Title for a property is key for a successful transaction. Although computer standardization is underway. Title disputes do arise if the property you are buying is a hereditary property. Even after you purchase it some step son can make a claim on it in the legal system and you might get some troubles. Major cities now have good records. I recommend using a reputable Real Estate Company or Lawyer to help with this. Check out Propmart.com. Even if you are buying from Builders/Developers always double check the land records for the exact location (Survey map helps).
This is a good time to buy property in India as the Real Estate Prices are soaring.
Good detailed information on Property Dealing:
http://www.webindia123.com/realestate/house/legaldocuments.htm
Best Wishes to you and your family.
2007-09-07 18:10:26 · answer #1 · answered by Yash S 2 · 0⤊ 0⤋
40 years gap is too long in 40 years gap there is a lot of change in India infrastructure or you can say that India change a lot or grow as a faster growing real estate market in Asia, so if want to buy property in India you can go ahead for NORTH INDIA, especially Delhi(NCR) Region
HOPE THIS IS HELP FULL GOOD LUCK!
2016-02-28 22:35:39 · answer #2 · answered by Som 1 · 0⤊ 0⤋