How easy is it to buy and sell property in India and Zanzibar?
Very easy, but the present system for buying and selling property is not one which is likely to be familiar to many global investors. Typically most countries that use Common Law require a lawyer to represent each party or a public official in Civil Law jurisdictions. In India you can buy straight from the developer “off-plan” for little or no fees; alternatively you can buy direct from another private vendor in the secondary market, whether the property has been completed or not. There is an extremely buoyant market as demand currently exceeds supply and you will be able to sell your property in the secondary market before completion or after the property has been built. However many property developers require their consent to sale and purchases, and may also charge a transfer fee of between 5% and 10%. You do not need our permission to sell or resell your ownership and we will not charge you, the seller any transfer fees. The seller can also join the developer’s resale pool to earn
