FIND YOUR ‘SOUL-REAL ESTATE’ IN INDIA
Reaching India is hours away, reaching right investment option is a click away
How you can trust us?
We would say you shouldn’t. Being an NRI, a lot of people are out there to fool you, so you shouldn’t trust anyone right away without a reason.In our case, fortunately we have such reasons.
3 Horizons Private Limited is a RERA Registered Real Estate Consultancy services company[Corporate Identification Number is (CIN) U70109HR2020PTC089719 and HA-RERA registration number is 112 of 2021] in Gurgaon(INDIA) that primarily deal in ultra-luxury Residential apartments (Flats) & Commercial Leasing and Sale, SCO (Shop cum Offices) Plots, and Retail Shops , Builder floors in Delhi NCR(Gurgugram), Bangalore Karnataka (IT HUB) and Chandigarh Panchkula Mohali (Tricity), all over PAN INDIA. We have an expert team whose one of the most important job is to give ‘You’ the right option for real estate investment in India.They are a bunch of well qualified professionals who know how to mange your real estate investment portfolio, giving you the freedom to go about your daily life with a sigh of comfort.But is it the right time to invest in Indian real estate?
To answer that, you should learn that India is one of the fastest developing economy, and infra sector would play a crucial economic role in it. By the time India is infrastructurally matured, so should your investment value. And that ‘seems’ a suitable option for investing in Indian Real Estate Market.
Sincerity
Our dedication to deliver you the promise of right investment choice is a sincere word for us.
You ask, we are there
Be it any help, advice or issue. We are there to work it out for you.
Trust us, we know the market
Our experience breathes the real estate of NCR. We have witnessed the changes and developments of the sector. Hence, we are here to help you today.
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FAQ's(Frequently asked questions) NRI(Non Resident Indian) & PIO(Person of Indian Origin) - 3 Horizons Private Limited
When gift of property is made, a gift deed needs to be made by an authorized lawyer. Stamp duty on the property’s market value also needs to be paid, along with the necessary registration charges.
Reserve Bank has granted permission to non-resident Indians and foreign citizens of Indian origin to acquire or dispose of immovable properties other than agricultural land/plantation property/farmhouse by way of gift from or to an Indian citizen, NRI or PIO.
Reserve Bank grants general permission for sale of such property. However, when another foreign citizen of Indian origin purchases the property, funds towards the purchase should either be remitted to India or paid out of balances in non-resident accounts maintained with banks in India.
Reserve Bank grants general permission for letting out any immovable property in India. The rental income of such properties is eligible for repatriation.
NRI(s)and POI (s) do not require any permission to acquire any immovable property in India other than agricultural land/plantation property or a farmhouse.
The general permission covers only purchase of residential and commercial property for the below categories:
Non-Resident Indian (NRI) - A citizen of India residing outside India Person of Indian Origin (PIO) - An individual (not being a citizen of Pakistan / Bangladesh / Sri Lanka / Afghanistan / China / Iran / Nepal / Bhutan), who either at any time, held an Indian passport, or whose father or grandfather was a citizen of India by virtue of the Constitution of India.
Non-Resident Indian (NRI) - A citizen of India residing outside India Person of Indian Origin (PIO) - An individual (not being a citizen of Pakistan / Bangladesh / Sri Lanka / Afghanistan / China / Iran / Nepal / Bhutan), who either at any time, held an Indian passport, or whose father or grandfather was a citizen of India by virtue of the Constitution of India.
An Indian citizen who is living abroad for employment/carrying on business outside India or stays abroad under circumstances, which indicatethe intention for an uncertain duration of stay abroad is a non-resident. (People posted in U.N. organisations and officials deputed abroad by Central/State Governments and Public Sector undertakings on temporary assignments are also treated as non-residents).
The valuation process is carried out to evaluate the market value of a property. The factors like type of property, its location, the local infrastructure available, quality of construction, maintenance along with the demand and supply forces operating in the market are all considered before the market value of a property is decided.
Stamp Duty is the tax incurred on your property documents during the sale or transfer of the property.Stamp duty is calculated based on the market value or the agreement value of the property, whichever is greater.
When the ownership rights for a piece of property are transferred to the buyer for a certain price that property is referred to as Freehold Property. There are no annual lease charges in case of freehold property and it can be registered and/or transferred in part(s).
When a piece of property is given or 'leased' to an individual (referred to as the 'Lessee') for a specified period of time, by the owner of the property (referred to as the 'Lessor'), the property is known as Leasehold Property. A particular amount is fixed by the Lessor to be paid as lease premium and annual lease of the property. The ownership rights of the land remain with the Lessor. Transfer of property is the subject to the permission of the owner.
Legally, maintenance charges of a property are calculated on the basis of the actual area owned by the individual.
The area of a residential or commercial space, which excludes the area covered by the external walls, exclusive balcony or veranda area and open terrace area, but includes the area covered by the internal partition walls of the apartment is known as the Carpet Area.This is the actualarea that can be used. When the area of the walls including the balcony, veranda, open terrace area or area under service shafts is computed along with the carpet area, it is known as built-up area.
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