What are the steps an NRI should follow for getting all the clearances in a hassle-free manner? Whom should one meet in the process?
Ans.: A lot depends on the segment you want to invest in. It helps to gauge the future state and to know what utilities are available. i) An office market investment, for instance, requires you to: ii) Get in touch with consultants for advice on the city of choice iii) Outline your objectives, the size of your investments iv) Have an approximate of the returns you are expecting. v) The yield that has evolved from distinct parameters ranges between of 8 – 8.5% to 12% for office space and 4% – 6% in residential vi) Whether the land is for investment or for development is also a deciding factor, as is the local demand-supply situation While investing in India, the availability and quality of infrastructure or utilities like power, connectivity, security and long-term future plans need to be scrutinized.
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