A property or better known as asset is deemed immovable when it cannot be moved from one location to another as any move will surely impact its qualities, originality, environmental benefits associated with it, and even its shape. For example, you cannot move an entire piece of land that you own from seashore to away from it, or you cannot bring that piece of land closer to seashore to give a more relaxing environment to your property. Even though one can transfer property rights in different manner and different situations or enjoy the benefits arising out of that property, but he cannot in any case move that property per his wishes. So, in order to maximize on investments and to get the best benefits of owing an immovable property, one needs to exercise his best available legal options by discussing any of his immovable property matters with legal experts who can assist him in achieving his desired goals.
Economically speaking, an immovable property can be differentiated into three different categories as follows:-
So, before anyone shall make decision in relation to buying either a private property, public property, or a collective property, the legal aspects, benefits, and rights related to ownership of the any such property must need to be carefully scrutinized, examined, and understood in order to fully enjoy that property and to ensure making the best use of that property and the investments.
As per provisions for real estate regulation, Govt. of India grants special rights to Indian nationals residing in other countries called NRIs, OCIs, or PCIs to buy any immovable property in India, and they need not to pay any taxes for making such an investment in India. This concession is specifically granted with the aim of solely encouraging foreign direct investments in boosting the Indian real estate and economy as well as encouraging rapid development of infrastructure. So, any Indian national who enjoys active citizenship of other countries can still buy and invest in an immovable property in India, except for Indian nationals having active citizenship of Pakistan and Bangladesh. So, one needs to be aware of legal nitty-gritty’s involved with buying an immovable property in India before you can safely make an investment for which one should seek legal advice by experts.
We, at Knowledgentia Consultants, are a team of advocates, paralegal, secretaries and revenue experts for managing the legal issues faced by Non-Resident Indians for their immovable properties based in India. Our scope of work includes identifying their rights to property in India either through succession, inheritance, sale or gift. We have had hands-on experience to deal with properties and real estate in all aspects, commencing from the stage of ownership, document review & correction, litigation, mediation, settlement, transfer of ownership till the stage of its management, sale or rental as required by the client. We are preferred consultants for property related matter of NRI clients because:
Knowledgentia takes care of a succession of property intestate serving the interest of an NRI in an Indian courtroom.
We provides legal assistance and support to redress property related matters like verification of property documents , construction issues , rent or lease matters and other related issues .
We help you in renew your tenancy contracts and safeguard your interests against the long-term tenancy rights and anything related to transfer of immovable property in India.
In the absence of proper legal advice, your property can lose its actual worth. Knowledgentia have come up with a new specialized department to handle cases solely pertaining to the devolution of property by will.
Hiring a standalone lawyer and hiring a law firm like us can make a great difference when you are fighting a battle against the devolution of ancestral property.
NRIs & PIO hire Knowledgentia Consultants to act as their local arm. We are renowned for our completely transparent process to handle litigations associated with the distribution of the ancestral properties.
We are aware of the pitfalls and shortcomings of Arbitration in India draft, and know the legal tricks & hedges to ease them out in the very beginning.
It's simple. Contact us today and get the best solution for your legal problems.