What if an overseas Indian, he has bought property gone back and wants to rent it out – would he be at any kind of a disadvantage or the rent you know the tenancy laws pretty much remain the same?
If you rent it out again, no permissions required, he can rent it out, it’s a commercial decision. If he feels that he is getting the right price or the right rent, he can rent it out but again check the anticidents of the tenant preferably try to a company lease so that get all your documents right, get it good lease agreement done and have it registered and again use an attorney who can help you out in case of a problem. I was looking at real estate as a product for investments but then problem when it came to dealing in financial transactions. I notice that most builders I dealt with wanted my money in two parts, one was what they call as white money by cheque and second was a black money which was in form of cash which must have been okay for most people locally but for somebody coming from abroad where all his money is accounted for it poses as a problem. So paying the black component was kind of an unfair advantage because I am converting my white money to black. So my question i
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