#Nri Property Management Services Chennai
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NRI Property Management and Consultation: A Guide to Navigating the Chennai Market
As a Non-Resident Indian (NRI) with property holdings in Chennai, managing your investments from afar can be a complex endeavour. From understanding local regulations to ensuring your property is well-maintained and generating optimal returns, NRI property management and consultation services can provide invaluable support.
Understanding NRI Property Management
NRI property management services encompass a wide range of responsibilities, including:
Tenant Management: Finding reliable tenants, handling lease agreements, and ensuring timely rent collection.
Property Maintenance: Overseeing regular maintenance tasks, addressing repairs, and managing property upkeep.
Rental Income Management: Ensuring accurate accounting, tax compliance, and maximizing rental income.
Legal Compliance: Adhering to local property laws and regulations, including rental agreements, tenant rights, and property taxation.
Why Choose NRI Property Management Services?
Expertise and Local Knowledge: NRI property management companies possess in-depth knowledge of Chennai's real estate market and local laws, ensuring your property is managed effectively.
Time and Cost Savings: By entrusting property management to professionals, you can save time and effort while avoiding potential pitfalls and costly mistakes.
Peace of Mind: Knowing your property is well-maintained and generating income can provide significant peace of mind, especially when living abroad.
Investment Optimization: NRI property management services can help you maximize your property's investment potential by providing expert advice on rental pricing, maintenance strategies, and market trends.
NRI Legal Advisory Services
In addition to property management, NRI legal advisory services are essential for navigating the complexities of Indian law. NRI legal experts can assist with:
Property Documentation: Ensuring all property documents, including ownership deeds, rental agreements, and property tax records, are accurate and up-to-date.
Property Disputes: Resolving property disputes or legal issues that may arise.
Inheritance and Succession: Understanding and planning for the transfer of property ownership in case of inheritance or succession.
Tax Compliance: Ensuring compliance with Indian tax laws for NRI property owners.
Key Considerations When Choosing NRI Property Management and Legal Services
Experience and Reputation: Look for companies with a proven track record and positive testimonials from previous clients.
Transparency and Communication: Ensure clear communication channels and transparency in pricing and service terms.
Local Knowledge: Choose a company with a strong understanding of the Chennai real estate market and local regulations.
Customized Services: Ensure the service provider can tailor their offerings to your specific needs and preferences.
The Benefits of Working with a Reputable NRI Service Provider
By partnering with a reputable NRI property management and legal advisory firm, you can:
Protect Your Investment: Ensure your property is well-maintained and generates optimal returns.
Avoid Legal Pitfalls: Benefit from expert legal advice to navigate complex Indian laws.
Maximize Rental Income: Optimize your rental income through effective property management strategies.
Gain Peace of Mind: Enjoy the peace of mind that comes from knowing your property is in good hands.
Navigating the Chennai real estate market as an NRI can be challenging, but with the right support, it can be a rewarding experience. By utilizing NRI property management and legal advisory services, you can effectively manage your investments, protect your property, and maximize your returns.
For More Details Contact Us:
Best NRI Services India| Murvin NRI Services
www.murvinnriservices.com
Chennai, 603112, TN, India
IND: +91 63790 86135
USA: +1 734 612 9537
WhatsApp: +91 82207 71687
#murvin nri services#nri property management#chennai property management#NRI Legal Advice Chennai#NRI Property Management in India#NRI Property Management Services Chennai#NRI property Rental Management Chennai#NRI Legal Advisory Chennai#NRI Property Management Chennai
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Planning a Trip to India as an NRI? Here’s Your Ultimate Travel Checklist
1. Visa Requirements
Before you book your flight, make sure you understand the visa requirements for entering India. NRIs typically need an Indian visa, and the type of visa required depends on the purpose of your visit — be it tourism, business, or visiting family. Here’s what you need to know:
Tourist Visa: Ideal for leisure travel. Usually valid for six months but check specific validity periods.
Business Visa: For those traveling for business-related activities.
Entry Visa: For visiting family or friends.
Ensure your passport is valid for at least six months beyond your intended stay and has at least two blank pages. Apply for your visa well in advance through the Indian embassy or consulate.
2. Travel Insurance
Travel insurance is a must for any international trip. It provides coverage for unexpected events like medical emergencies, trip cancellations, and lost luggage. When purchasing travel insurance, consider the following:
Medical Coverage: Ensure it covers any medical treatments you might need while in India.
Trip Cancellation: Provides reimbursement if you need to cancel or interrupt your trip due to unforeseen circumstances.
Lost or Delayed Baggage: Offers compensation if your luggage is lost or delayed.
Choose a policy that offers comprehensive coverage tailored to your travel needs.
3. Health Precautions
India’s climate and environment can be different from what you’re used to. Prepare by:
Vaccinations: Check if you need any vaccinations before traveling. Common ones include Hepatitis A, Typhoid, and Tetanus.
Medication: Bring any necessary medications with you, as availability can vary.
Travel Health Kit: Pack essentials like hand sanitizer, insect repellent, and a first-aid kit.
4. Packing Essentials
Make sure you pack wisely for your trip. Essentials to include:
Appropriate Clothing: Depending on the region and season, pack lightweight clothing for hot climates or warm clothing for cooler regions.
Adapters and Chargers: India uses a different plug type (Type C, D, and M), so bring the necessary adapters.
Important Documents : Carry copies of your passport, visa, travel insurance, and itinerary.
5. Must-See Destinations
India is a country with diverse landscapes and rich history. Here are some top destinations to consider:
- **Delhi**: The bustling capital city with landmarks like the Red Fort and India Gate.
- **Agra**: Home to the iconic Taj Mahal.
- **Jaipur**: Known as the Pink City, famous for its palaces and forts.
- **Mumbai**: India’s financial hub with vibrant street life and landmarks like the Gateway of India.
- **Goa**: Perfect for relaxation with its beautiful beaches and lively nightlife.
- **Kerala**: Known for its backwaters, lush greenery, and serene environment.
- **Tirupati**: A major pilgrimage site, famous for the Tirumala Venkateswara Temple, which attracts millions of devotees each year.
6. Local Customs and Etiquette
Familiarize yourself with local customs and etiquette to enhance your travel experience. For instance:
- **Dress Modestly**: In traditional and religious places, dressing modestly is appreciated.
- **Respect Local Traditions**: Be mindful of local customs, especially in religious and cultural settings.
7. Financial Preparation
Ensure you have a mix of payment methods:
- **Currency**: Carry some Indian Rupees (INR) for cash transactions.
- **Credit/Debit Cards**: Inform your bank of your travel plans to avoid card issues.
Let Care4NRI Simplify Your Travel Experience
Regular trips to India can come with a long list of tasks to handle. At Care4NRI, we specialize in property management, NRI taxation, medical and travel services, and more. Whether you need assistance with event management, parental care, or even conducting rituals on your behalf, we have got you covered.
Our dedicated NRI Services in Chennai, Tamil Nadu, ensure peace of mind, knowing your affairs are in capable hands. Let us take care of the details so you can focus on enjoying your trip to India.
Safe travels, and we look forward to assisting you with all your NRI needs!
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India Realty Market Analysis, Demand, Forecast 2023-2030
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Realty Market size at USD 563.24 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Realty Market size to expand at a CAGR of 12.06% reaching a value of USD 1,075.16 billion by 2030. The Realty Market in India is propelled by the increasing residential, retail, hospitality and commercial sectors and rapid urbanization. The sector serves as a crucial employment generator, attracting substantial investments from non-resident Indians (NRIs) and contributing to the country's GDP. FY23 witnessed a surge in residential property sales, with robust increases in both value and volume. Also, the retail landscape is set for substantial development, with significant retail space additions in top cities. Office space demand remains strong, driven by sectors such as banking, financial services, insurance (BFSI), technology, and engineering. Notably, the increasing demand for data centers and the growing trend of commercial real estate transactions further propel the market growth.
Impact of Escalating Geopolitical Tensions on India Realty Market
Geopolitical tensions can have a multifaceted impact on the India Realty Market. Heightened uncertainties and geopolitical risks often lead to investor caution, resulting in reduced investment inflows into the real estate sector. Foreign direct investment (FDI) may decline, impacting large-scale development projects and infrastructure investments. Moreover, geopolitical instability can disrupt global economic dynamics, affecting India's trade relations and overall economic growth. This can subsequently influence consumer confidence and sentiment in the real estate market, leading to subdued demand and potentially dampening property prices. Navigating these challenges necessitates proactive risk management strategies and a resilient approach to market dynamics.
Sample Request @ https://www.blueweaveconsulting.com/report/india-realty-market/report-sample
India Realty Market
Segmental Information
India Realty Market – By Location
Based on location, the India Realty Market is divided into Tier 1 Cities, Tier 2 & 3 Cities, and Rural Areas segments. The Tier 1 cities segment holds the highest share in the India Realty Market by location. It is primarily due to their economic significance, robust infrastructure, and high population density. Cities like Mumbai, Delhi, Bengaluru, and Chennai are major commercial and financial hubs, attracting significant real estate investments. These cities offer ample employment opportunities, superior connectivity, and advanced amenities, making them prime locations for residential, commercial, and industrial developments. Consequently, Tier 1 cities dominate the real estate market, driving demand and contributing substantially to the sector's overall growth.
Competitive Landscape
The India Realty Market is fragmented, with numerous players serving the market. The key players dominating the India Realty Market include Godrej Properties, Prestige Estates Project Ltd, DLF, Oberoi Realty Limited, Sobha, Indiabulls Real Estate, Sunteck Realty, Phoenix Mills, Lodha Group, NBCC Ltd, Tata Housing, Embassy Office Parks REIT, and Brigade Group. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
Contact Us:
BlueWeave Consulting & Research Pvt. Ltd
+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662
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Know the Vital 4Ps to Expect from the Best Real Estate Company in Chennai.
Just like in any business, customer service and satisfaction remain an essential factor that determines the success of a real estate company in Chennai. Further, as a new buyer/investor, there are other key elements to be addressed that every reputed real estate company in Chennai adhere to. They strive to optimise these elements (4 P’s) which will be highlighted in this blog, to arrive at a win-win situation for both the buyer and the dealer.
What to look for from a real estate company in Chennai?
If you are looking to buy plots in Chennai, then it is crucial to know your real estate partner and the quality of their services to ensure the purchase deal turns out successful. The real estate plots in Chennai are abundant, and so are the promoters/dealers. So, look for the 4 P’s when shortlisting a real estate company.
Product: The property or the service offered is the product and services like property management or brokerage. Ensure these match your needs and expectations. The property must be in a desirable location and well-maintained to give clients an enhanced experience.
Price: Price is the second vital factor that buyers match with their budget and appreciation value. A top real estate company in Chennai will offer competitively priced properties with transparent business practices in place such as a clear breakdown of fees, charges, and other expenses beforehand to gain their trust.
Process: An experienced real estate promoter will offer real estate plots in Chennai at prime locations and assist you through every phase of the purchase deal. From securing the application, offering online tools and resources, and assisting in due diligence, they will do it all to ensure the process is convenient and efficient.
People: A well-known real estate company in Chennai such as Elephantine Enterprises will have a team of expert professionals which will include brokers, technicians, engineers, agents, and managers, providing an exemplary service and building a strong relationship with the clients.
The exemplary products and services of Elephantine Enterprises.
Elephantine Enterprises with a rich industry experience of over 14 years, has been committed to delivering top-notch services, innovation, and end-to-end dedicated customer support and implementing the 4Ps successfully. Their flawless line of services includes:
Seeking accurate and on-time building approvals.
Offering thorough knowledge and support in architectural and structural designing.
Extending MEP and Civil works and interior design services.
Avail the services of their expert team who liaise, market, offer Facility and Project management consultation, and NRI & Transaction advisory services.
Visit their website to learn more about their ongoing projects and book your slot at the best price.
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Dholera Greenfield Smart City - A Trillion Dollar baby - Part I
Ever since our honourable PM Sh. Narendra Modi announced “100 Smart Cities Mission” we have been hearing so much about smart cities, we have so many questions about smart cities, like how are they made? What is basically a Smart City? How an existing city will be converted to something robotic wherein everything will be done by machines or technology? What are Greenfield and Brownfield Cities? What sort of technology is used in making smart cities? Like these there is an endless list of such questions and today I thought let me just put all these questions together and explore Dholera Greenfield Smart City from its core to the peak.
Yes, we are talking about much talked Greenfield Smart City, India’s First and DMIC’s (Delhi Mumbai Industrial Corridor) biggest Smart and Sustainable Dholera Smart City and what will make Dholera a “Trillion Dollar Baby”.
What is DMIC (Delhi Mumbai Industrial Corridor) and Dholera Smart City will add value to this corridor?
A Special Purpose company was formed to facilitate and promote DMIC or Delhi Mumbai Industrial Corridor with the name of DMICDC or Delhi Mumbai Industrial Corridor Development Corporation Limited. However, when more Industrial Corridor projects were announced, the mandate of DMICDC was expanded to develop and implement all the Industrial corridor projects and name of DMICDC was changed to NICDC means National Industrial Corridor Development Corporation (NICDC) Limited.
Government of India is working on to develop various Industrial corridor projects as a part of National Industrial Corridor programme with an objective to develop various futuristic industrial cities which will emerge as best manufacturing and investment destinations across the globe. The National Industrial Corridor programme will generate a lot of direct and in-direct employment which will in-turn result in economic growth and we will see overall socio-economic development of our country. 11 Industrial Corridors Projects are being taken up for development with 30 Projects to be developed in 4 phases up to 2024-25
· Delhi Mumbai Industrial Corridor (DMIC)
· Chennai Bengaluru Industrial Corridor (CBIC)
· Amritsar Kolkata Industrial Corridor (AKIC)
· East Coast Industrial Corridor (ECIC) with Vizag Chennai Industrial Corridor (VCIC) as Phase 1
· Bengaluru Mumbai Industrial Corridor (BMIC)
· Extension of CBIC to Kochi via Coimbatore
· Hyderabad Nagpur Industrial Corridor (HNIC)
· Hyderabad Warangal Industrial Corridor (HWIC)
· Hyderabad Bengaluru Industrial Corridor (HBIC)
· Odisha Economic Corridor (OEC)
· Delhi Nagpur Industrial Corridor
These Industrial Corridor programmes are to be developed in phases where in NICDC will work in coordination with state governments for the development of these corridors and along with these a lot of new industries smart cities will be developed.
Let’s talk in-depth about Delhi Mumbai Industrial Corridor
Overall length of Delhi Mumbai Industrial Corridor will be 1504 kms and it will cover several states including UP, Delhi NCR, Haryana, Rajasthan, Gujarat and Maharashtra with end terminals at Dadri in Delhi NCR and Jawaharlal Nehru Port (JNPT) near Mumbai.
8 new Industrial Regions are to be developed along with DMIC Corridor. These regions will redefine the development of new future cities not only in India but across the Globe. Below are the names of these regions:
· Dholera Special Investment Region in Gujarat
· Manesar Bawal Investment Region in Haryana
· Pithampur – Dhar – Mhow Region in Madhya Pradesh
· Shendra Bidkin Industrial Area (SBIA), Maharashtra
· Khushkhera Bhiwadi Neemrana Investment Region, Rajasthan
· Dadri Noida Ghaziabad Investment Region, UP
· Jodhpur Pali Marwar Industrial Area, Rajasthan
· Dighi Port Industrial Area, Maharashtra
So, these are our new 8 future cuties to be developed along with DMIC alignment and Dholera SIR is going to be one of the largest Smart and Sustainable Greenfield Industrial City in making and that is how Dholera adds a special value to DMIC. Dholera is going to create a self sustainable eco system through which 3 pillars of sustainability that is Social, Environmental and Economic will be covered completely.
What are Greenfield and Brownfield Smart Cities? Why Dholera is a Greenfield Smart City and what is an advantage of investing in a Greenfield Smart City?
We’ve been hearing about Smart City so much these days, let talk about how these cities are categorized in Greenfield and Brownfield.
Greenfield Smart Cities
Greenfield Smart Cities are developed on barren land. Usually these areas are identified far from the cities or existing cities and where there is scope of development and where it will be beneficial to people. As the name itself suggest it’s just Greenfield, where no development has
ever happened and everything gets started from zero. In India, Greenfield Smart Cities program comes under Ministry of Commerce.
Brownfield Smart Cities
Brownfield Cities are those cities which are already exiting and we try to convert them into better developed cities by implementing various technologies like sensors across the city, smart traffic management, technologies like IoT, ICT, wi-fi etc. widening of roads, expressways, highways, roads and services. Cities like Faridabad or Noida in Delhi NCR or Surat or Ahmedabad in Gujarat are few examples of Brownfield Smart Cities.
Modi Govt. in 2015 launched 100 Smart Cities Mission which is under Ministry of Urban Development (MoUd).
So, Greenfield and Brownfield Smart Cities are totally different concepts and has nothing to do with each other. Complete work approach, execution process, everything is different, even ministries are different for both the concepts.
Dholera being developed from barren land has seen no development before; this essentially means that Dholera comes under category of a Greenfield Smart City. Bigger than Delhi and Mumbai and conceived like international cities Frankfurt and London, Dholera is all set to give exponential returns on investment to its investors. At the present moment, Dholera is in early development phase and development of Dholera is also happening as per the Master Plan designed.
Are there any other Greenfield Smart Cities in the world getting developed like Dholera?
Oh yes, in various parts of world such Greenfield Smart and Sustainable Cities are developed from scratch. Some of the examples of such cities are:
· Belmont Arizona Smart City in United States of America
· Songdo, International Business District (Songdo IBD) in Seoul, South Korea
· NEOM in Saudi Arabia
· Masdar City in the Unite Arab of Emirates
· Fujisawa Tokyo in Japan
How do you see Dholera becoming a self reliant and self sustainable smart city?
Dholera SIR is spread across 920 sq kms, however, developable area will be only 420 sq kms so that question arises like what will happen to the rest of the designated area. And, the answer is that area has been kept for nature, yes, you heard it right, in rest of the area will be kept for renewable energy generation, parks, green spaces, tree plantations, water reservoirs, solar parks etc.
Today Frankfurt is one of the best examples of a sustainable city as half of the city is actually just green. Similarly, Dholera is being conceived which is going to make it the most sustainable smart city on this planet.
Dholera is also following 3 major pillars of sustainability which are Social, Environmental and Economic. Social pillar takes care of people and people reflects mobility and quality of life like infrastructure of the city, smart transportation, healthcare, education, income inequality, work-life balance, all these indicators focus on quality of life. Environmental pillar will take care of our planet and it will take care of renewable energy share of the city, recycling rates, solid waste management, water treatment, potable water, sanitation etc. And, last pillar that is Economic which is all about profit and assesses business environment and economic performance of our city. Ease of doing business, easy taxation policies, single window clearances, living cost, property cost, GDP per capita and of course energy efficiency. It’s like creating an importance of your city in the global economic networks.
About Author: Ms. Meenakshi Khurana, Managing Director, SmartHomes Infrastructure Pvt. Ltd. which is the pioneer in Dholera Real Estate market as technically most advanced and innovative developers & builders.
SmartHomes Infrastructure: SmartHomes Infrastructure Private Limited, a real estate developer entered the Dholera market 6 years back and now is one of the leading and most innovative developers and land owners of inside Dholera SIR and on border of Dholera SIR. SmartHomes Infrastructure owns huge land parcels & multiple projects in Dholera Smart City. Smart Homes is focusing on developing projects in TP 1, TP 2 and 11 sub TPs of Dholera SIR which will be on both side of Express Highway near Airport and on the border of Dholera SIR.
Smart Homes mainly deals in Commercial, Industrial and Residential Land and Projects. Our customers are High Net worth Individuals, NRIs from more than 20 countries, multinational companies and its employees from organisations like ISRO, ICICI, SBI, UCO Banks, Army, Navy and Air force.
International businesses that are looking to start their industry in Dholera, Smart Homes provide them end to end solutions from land acquisition, required permissions from the government for setting up an industry and residential set up for employees.
To be continued in Dholera Greenfield Smart City – A Trillion Dollar Baby Part 2
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#Facility Management Company in Chennai#Rental Management Services#Property Management Companies in Chennai#Property Repairs And Maintenance Chennai#Nri Property Management Services Chennai#Rapro#Rajam Property Management
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Peace of Mind from Afar: Affordable NRI Services in Chennai
Living abroad as a Non-Resident Indian (NRI) can be incredibly rewarding, but managing affairs back home can feel daunting. Between property upkeep, legal matters, and navigating potential returns, the distance can create significant challenges. The good news? You don't have to go it alone. Affordable NRI services in Chennai are readily available, offering peace of mind and a helping hand.
The Need for NRI Services
NRIs face unique challenges when it comes to managing their assets and investments in India. Here are some key areas where NRI services can be invaluable:
NRI Property Management Services Chennai: Owning property in Chennai can be a great investment, but maintaining it from afar can be a logistical nightmare. NRI property management services take care of everything, from tenant management and rent collection to routine maintenance and repairs. This ensures your property remains in good condition and generates consistent income.
NRI Legal Advice Chennai: Navigating Indian legal complexities can be overwhelming, especially for NRIs unfamiliar with the latest regulations. NRI legal advisors provide expert guidance on everything from property inheritance and taxation to power-of-attorney arrangements. This can save you time, money, and unnecessary stress.
NRI Return to India Consultation: Many NRIs eventually consider returning to India. This can involve complex decisions around investments, relocation logistics, and even retirement planning. NRI return to India consultation services offer comprehensive support, helping you navigate the transition smoothly and make informed choices for your future.
Affordable Doesn't Mean Subpar
The term "affordable" shouldn't deter you from seeking quality NRI services. Several reputable agencies in Chennai offer competitive rates without compromising on expertise. They understand the specific needs of NRIs and tailor their services accordingly.
Benefits of Utilizing NRI Services:
Save Time and Money: NRI services can save you both time and money by handling tasks you might otherwise struggle to manage remotely. They can also help you avoid costly mistakes due to unfamiliarity with local regulations.
Peace of Mind: Knowing your property is well-maintained, your legal affairs are handled by experts, and your return to India is carefully planned can bring immense peace of mind.
Maximize Investment Potential: NRI services can ensure your property generates optimal rental income and your investments are strategically positioned.
Finding the Right NRI Service Provider
Choosing the right NRI service provider is crucial. Look for companies with a proven track record, satisfied clients, and transparent pricing structures. Here at Murvin NRI Services (murvinnriservices.com), we pride ourselves on offering affordable, reliable NRI services in Chennai.
Take Control and Embrace Your Future
By leveraging affordable NRI services in Chennai, you can ensure your affairs in India are handled professionally while focusing on building your life abroad. With the right support, you can confidently manage your investments, make informed decisions about your future, and ultimately enjoy the peace of mind you deserve.
For More Details Contact Us:
Best NRI Services India| Murvin NRI Services
www.murvinnriservices.com
Chennai, 603112, TN, India
IND: +91 63790 86135
USA: +1 734 612 9537
WhatsApp: +91 82207 71687
#murvin nri services#nri property management#nri services chennai#NRI Property Management Chennai#NRI Legal Advisory Chennai#NRI property Rental Management Chennai#NRI Property Management Services Chennai#NRI Property Management in India#NRI Legal Advice Chennai
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Housewise
"We provide end-to-end property management services in Pune, Bangalore, Hyderabad, Chennai, Delhi NCR, and Mumbai to NRIs across the globe."
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Finding 'Jee Boomba'
High spirited laughter filled Rangarajan’s living room on the cold January night. He had his usual fortnightly family chat call on skype with his parents and siblings. Rangarajan initiated the call from Canada, it was 9.00 pm for him, his parents joined from Chennai with their morning filter ‘kaapi’, his younger brother from Texas with his dinner plate and his twin from Japan sitting by the side of her balcony watering plants in the morning. The time of the day did not matter when they were together on the call. Rangarajan and his sibling visited their parents in July and spent a good two months reliving their childhood and creating new memories for future. This trip was going to be special as the twins were ready to celebrate their 50th birthday together. While they were making plans about their trip to India, they also talked about the rising cases and how they may have a travel ban. Sabapathy (Rangarajan’s father) was sure that nothing would withstand the tropical heat of Chennai and reassured to everyone that the trip will happen. Little did they imagine that in the next two years skype, zoom, google meet, Microsoft teams will be their destinations to create new memories. With every transaction digital and no contact deliveries, they had all become mere moving images through the screen.
Sabapathy and Annapoorni had been confined to the four walls and considering they were aged, Rangarajan and siblings decided to give them the comfort of all services rendered at home. Annapoorni was more tech savvy of the two, she learnt to juggle between multiple apps her children and other relatives suggested. She had almost 10 apps each one for every service she availed. Sabapathy was more of the ‘in-person’ kind, he was meticulous and maintained bills and all other documents carefully. He had the habit of writing everything in his diary- order milk packet, pay phone bill, collect curtains from dry clean, call AC service. All of this would then be translated into the digital apps by Annapoorni. When Sabapathy was out in the field he would plan his route in such a manner that he would complete all tasks on his list and return home proud about himself. He could manage all of his work by himself and take care of assistance that his sons and daughter needed, especially things like property maintenance, tax payment etc. He wished there was someone who planned everything the way he did or atleast translated his plans into actions. He was sure that he would find his ‘Jee-boomba’ someday. He mentioned his wish on the family calls so many times that every call would begin with the ‘finding Jee-boomba’ factor.
A few days later, it was their routine fortnightly family call, Rangarajan asked his mother Annapoorni to look for OK BOSS, he mentioned that that personal assistant app was an all-in-one service. The all enthusiastic Annapoorni began scrolling on her phone and then suddenly disappeared from the call for a while. Sabapathy was enjoying the gibberish story narration of his grandchildren when Annapoorni returned to the call, beaming. Looking at her expression everyone wanted to know the reason. She announced that Sabapathy’s ‘Jee boomba’ was discovered! She told the family how with one call to OK Boss, she had assigned them 5 different tasks at one go. This was impossible on any other app, she had used. While the family call was in progress, an OK BOSS tasker arrived at their residence and collected instructions. By the end of the day, Annapoorni sent the family a complete update on tasks that were completed. She told them that OK Boss was not just an errand service for people in Chennai, it also provided a whole band of services to the NRI. OK Boss is truly the ‘Jee-Boomba’ Sabapathy was looking for!
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Buying a Home in Chennai: A Guide for NRI
One of the biggest challenges faced by NRIs is the process of buying a property in Chennai. Owning a home is perhaps the most common dream of every average family. Even for the residents of the city, finding the best 2 & 3 BHK apartment in Chennai is a big challenge. Chennai is lush with beautiful apartments and homes that are well-equipped with modern amenities, making the city the best to invest in a property. We have compiled a few industry-best tricks and tips for NRI residents to buy a home in Namma Chennai without a hitch.
Choosing the Right Realtor
Many NRIs have lost their precious money and time because of unscrupulous realtors. Choosing the right realtor can make all the difference. It is imperative to check the realtor's portfolio before making decisions. The right realtor can guide you throughout the process of buying your own flats in Pozhichalur, Pammal & Sembakkam for sale and give the approximate cost upfront. A few good indicators of a good realtor are
Transparency in money transaction
Creating a project roadmap and sticking to it ardently
Emphasis on communication
Render advisory services
Tax Benefits
Non-Resident Indians have the same right as residents when it comes to managing the property. Since the income generated from apartments and homes is considered as revenue, they come under the tax bracket. NRI can avail tax benefits on their properties at the source or while submitting claims. Paying taxes on properties is one of the best ways to register ownership, which can come in handy if a legal dispute arises.
Rope-in Friends and Family
At times it is better to leverage the assistance of your social ring to stay on the safer side. Even with a trusted realtor beside you, there are multiple ways to get duped. It is advisable to rope in a friend or a family member to overlook the project activities while your stay/work abroad.
Be Vigilant
Every homeowner must be aware of their rights and responsibilities to avoid legal repercussions. NRI homeowners must be extra vigilant since they would not be present in the city to take care of the property affairs. It is essential to stay ahead of the local laws and other such aspects to avoid unnecessary problems.
Today, it is easier to find the right realtor and buy a home than it was a decade ago. By employing caution and analyzing every small aspect, NRI buyers can invest in Chennai without a hitch. Viva Housing, a leading realtor in Chennai is your best bet to buy 2 bhk flats for sale in chennai below 50 lakhs effortlessly.
Click here to learn more about their current projects.
#Apartments in Chennai#3 bhk apartments#Apartments for Sale#Flats#2 BHK Flats in Chennai#Flats in Chennai#real estate
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NoBroker.com launches property management services with rental guarantee for owners.
Brokerage-free, real estate platform NoBroker.com has launched comprehensive property management services with rental guarantee for NRI property owners and owners who have properties in other cities.
With this service, NoBroker takes on the financial risk of ensuring that the property owners get rent on time, every month, even when the existing tenant vacates and the house becomes vacant for a month or two before the new tenant comes in. NoBroker takes a fee of 8 per cent of the monthly rent, to provide this service to property owners.
“Steady demand from our NRI customers and customers who have houses in other cities to manage everything from house inspection, painting, repair & maintenance, to preparing the rent agreement, finding new tenants when the previous tenants vacate and organising home visits for prospective tenants, led to the launch of this rental guarantee service six months ago” said Amit Agarwal, co-founder and CEO, NoBroker.com.
If you are looking for affordable flats you can choose kumar picasso in Pune. Visit Nobroker.
“Today, we manage 1,000 houses - a mix of independent houses and apartments, across Bengaluru, Mumbai, Pune, Chennai, Hyderabad, Delhi and NCR. Nearly 40 per cent of the customers using this service are NRIs living in the US and the Middle East and the rest are those who have houses in other cities.”
With travel becoming a huge constraint during these times, NoBroker’s rental guarantee service has many takers and is witnessing a lot of traction. “We aim to manage 1 lakh houses in the next few years” said Agarwal.
When the lockdown was announced in March-end, unlike other start-ups that resorted to salary cuts and lay offs, NoBroker decided to retain its employees and hire 130 more to support growth of its existing and new streams of revenue.
Asked if demand has gone back to pre-Covid levels, Agarwal said, “Demand has come back to pre-Covid levels since the second half of June to 7 lakh unique customer interactions/per month. The only difference is that now we see more demand in Bengaluru, Hyderabad and Pune than pre-Covid levels and less demand in Covid-hit cities like Mumbai, Delhi and NCR. We are on track to finish hiring 130 more across technology, operations, business, marketing and customer facing roles.”
NoBroker has 1 crore registered users and 40 lakh properties listed on its platform. The start-up participates in the entire user journey starting from house search to movers & packers, home loans, home painting and cleaning services, legal services etc.
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NRI Property Management in Chennai: A Comprehensive Guide
Navigating the complexities of managing property from afar can be challenging for Non-Resident Indians (NRIs). However, with the right NRI property management services in Chennai, you can ensure your investment is well-maintained and generates optimal returns.
Understanding the Importance of NRI Property Management
Managing property from a distance can be time-consuming and stressful. NRI property management services in Chennai offer expert assistance to handle various aspects of your property, including:
Tenant Management: Finding suitable tenants, handling lease agreements, and collecting rent.
Property Maintenance: Ensuring timely repairs and maintenance to preserve property value.
Financial Management: Managing rental income, expenses, and tax compliance.
Legal Assistance: Providing guidance on property laws, regulations, and dispute resolution.
Choosing the Right NRI Property Management Firm
When selecting an NRI property management company in Chennai, consider the following factors:
Experience and Expertise: Look for a firm with a proven track record in managing NRI properties.
Services Offered: Ensure the company provides a comprehensive range of services tailored to your needs.
Reputation and Reviews: Research the company's reputation and read client testimonials.
Communication and Transparency: Choose a firm that prioritizes clear communication and regular updates.
Fees and Charges: Compare the pricing structures and ensure they align with your budget.
Key Services Offered by NRI Property Management Firms in Chennai
Rental Management: Finding reliable tenants, handling lease agreements, and collecting rent.
Property Maintenance: Coordinating repairs, maintenance, and renovations.
Financial Management: Managing rental income, expenses, and tax compliance.
Legal Assistance: Providing guidance on property laws, regulations, and dispute resolution.
Property Inspections: Conducting regular inspections to ensure property upkeep.
Tenant Screening: Conducting thorough background checks to select reliable tenants.
Emergency Response: Addressing urgent maintenance issues promptly.
The Benefits of NRI Property Management
Peace of Mind: Knowing your property is well-maintained and managed professionally.
Increased Returns: Effective property management can maximize rental income and minimize expenses.
Time and Cost Savings: Avoid the hassle and stress of managing property from a distance.
Expert Guidance: Benefit from the expertise of professionals familiar with the local market.
NRI Legal Advisory in Chennai
In addition to property management, NRI Legal Advisory services in Chennai can provide valuable assistance with legal matters related to your property. This includes:
Property Registration and Documentation: Ensuring all legal formalities are completed accurately.
Property Tax Compliance: Adhering to local property tax regulations.
Legal Disputes: Resolving property-related disputes and legal issues.
Conclusion
By entrusting your NRI property to a reputable management firm in Chennai, you can enjoy the benefits of owning property in India without the hassle. With their expertise and guidance, you can maximize your investment and ensure a smooth and stress-free experience.
For More Details Contact Us:
Best NRI Services India| Murvin NRI Services
www.murvinnriservices.com
Chennai, 603112, TN, India
IND: +91 63790 86135
USA: +1 734 612 9537
WhatsApp: +91 82207 71687
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Want to Rent Out Your Property? Here’s What You Need to do
If you’re an NRI, you know selling your property can be difficult. You don’t have the time to go through the necessary processes. Moreover, you would frequently have to spend on maintenance and other such expenses, including electricity and water. So, if you are going through such challenges, you need an appropriate solution to generate long-term returns from your house. You need Property Management Services in Chennai that rent your property to generate immediate income.
Rental income is a good way to meet the costs associated with your property. These include housing association fees, property taxes, repair, mortgages, maintenance expenses, and EMI payments. Your building also depreciates with time and renting helps you make up for those losses as well.
Companies offering services for Property Management in Chennai have made the process of renting easier. We share with you the steps that you need to follow to be able to successfully rent your property:
1. Create your listing
The first and foremost step to offer your property for rent is to list it with an appropriate online platform. You will need to fill out important information about your property such as location, size, layout, your phone number, along with photos of the interiors and exteriors. You will also need to provide information regarding the neighborhood and the availability of amenities.
Most online property management portals offer different pricing plans to advertise your listing. You can choose a plan as per your budget and get your listing highlighted in the top category or front page.
2. Finding the Tenants
In a traditional process, homeowners need to interact with the tenants, perform background checks, and then negotiate the rent. However, when you use Chennai Property Management services, they represent you and perform necessary actions on your behalf. For instance, they ensure background checks and perform tenant screening. They share the required information with you, making it easier for you to make an informed decision.
3. Negotiating the Rent
Once you are satisfied with the tenant, you need to decide on the rental amount. The online property management portal also helps with negotiation. It establishes communication between you and the tenant. It also helps you with the collection of rent and tracking initial payments.
4. Documentation
Preparing a lease or rental agreement and completing all the legal formalities is also a cumbersome task. With experts from online property management companies, this becomes easier. They are updated with all the laws and policies effective in Chennai and help you include all necessary clauses in the agreement. They also ensure that your tenant is registered in Government tenancy portals and local police stations.
A property management company plays an important role in getting your house rented out. They offer many advantages to an investor who owns a property in Chennai and would like to generate income from the same.
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