property investment in India

What are the "restrictions" in "INDIA" on "property investment" in "India" by an "American citizen."

can you provide any website that gives a detailed explanation to this one?
I am not sure if there are any restictions, if you have enough money then you can. I live in chennai and i heard a big gated community is being built exclusively for japanese, and an israeli investment company has bought 100 acres of land for development near chennai at very expensive rates(according to Indian standard). And I know of an Australian who owns a farm house on the East Coast Road. This kind of development is now happening all over India and is not restricted to just cities, in a place near our village( 200 kilometers south of Bangalore in Tamilnadu) a person from UK has bought some 10 acres of land and has developed a farm house there. So I dont think there are any restriction for an American to buy land in India. Yes, Indian cities and villages are for sale Lock Stock and Barrel. Hurry.

What are the various options available to save on tax on Long term Capital from selling a property in India?
Specific Reinvestment plans that would help
Reinvestment. The capital gains on the sale are forestalled thru reinvestment. This is something you can do ad infinitum. There's a lot of other tricks but most are questionable and could lead to trouble. zeke


Here are some interesting real estate project in Gurgaon:

Ild Spire Greens Gurgaon
Tata Raisina Residency Gurgaon
Unitech Fresco Gurgaon
Dlf Town Houses Gurgaon

Joint home loan india query?

Hi, I have taken Joint home loan and home with my mother. (both are co-owners) Last year I took 100% tax benefit on home loan. Can my mother take 100% tax benefit this year on same home loan ? And is it ok to shift home loan beneficiary every year ?

If the house is purchased with your own money and if your mother is only a name sake owner (owner on papers only), then you can claim full benefit. If your mother also invested in it, then both of you will get the benefit as per the proportion of ownership. But the tax benefits cannot be claimed on rotation basis. If the interest paid is 3 lakhs, then 1.5 lakhs each, if the interest paid is 5 lakhs then 1.5 lakhs each, if the interest paid is 2 lakhs then 1 lakh each. Like that.

I am staying in US, and what happens if I stop paying the home loan india?
The issue is not with the price falling..I have difficulty in paying..Can I just not give the keys to the bank..I am not absconding..

if you stop paying installments, the bank will take possession of your property even if you don't give key. they will take police help to take possession. then they will auction your property for a very low price to cover their outstanding balance of your loan. there is a sword with them now called SARFAESI Act. this act gives banks to directly auction your property without undergoing legal process in DRT. don't take risk. if you don't have resources it is ok to lose. but if you can pay installments then be honest. it will pay you in the long run.

What happens if I stop payment of a HDFC home loan in India?



How to include interest on home loan in ITR1 form in india?
trying to include home loan interest.. but where can i include.. row 2a have only positive No.s. i am individual salaried.
If u want to include Int. on HL, then u should use ITR 2 & NOT ITR 1. In row 2 fill it as NIL. Fill the interest details in sch. HP & CYLA and then take it to Part B -TI. The form itself suggests in brackets as to from where a figure is to be taken. Just follow it.

What credit score is needed to get home loan?

If I get a consolidation loan will it help or hinder me getting a home loan for a first time buyer?

We have poor credit and trying to repair it; however we want to purchase a home by the end of the year. Will it adversely affect my chances of getting a home loan if we take out a consolidation loan to kick start the credit pay offs? So if I can not get a loan, how do I pay off $7000 of dept in less than one year?

You probably will not qualify at the end of the year unless you pay off all your debts in full. Can you even qualify for a consolidation loan? Doubtful and PLEASE do not respond to these idiot SPAMMERS who come here just to sucker people in trouble, such as yourself, into giving money up front for anything!

I have 680 credit score and I also would pay at least 20% down payment for $150,000 worth of loan if it is approved. I have also one year history of car loan which was paid in time. Please suggest me,would l be eligible to get home loan with low interest rate? Or I have to pay more down payment? Or wait 4-5 months and more so my credit score will be at least 720 and more ?
20% down payment is good, but 680 credit score could be a problem - you'd have better chances if you can get it up to 720.

How does home loan work?

Hi, 1. Do you borrow from a bank exactly how much the home is worth or you can see a home of 200000 and borrow 250000 2. When you decide on a home, does the bank give you the money to pay the sellers or they pay them directly on your behalf 3. If the money you borrow happen to be higher than the home value, what happens to the remaining I guess the question is, how does home loan work?

if the seller is asking more for the house than what the lender thinks its worth they won't give you the loan. the lender you are going to use will appraise the house and if the price you are paying for the house is the same or less than the appraisal they will loan you that amount. if their asking more for the house than it appraises your not going to get a loan. your not going to borrow more money than what the value of the home is. if the asking price is 200,000 and it appraises for that, that's how much you will get, not any more. you won't see any of the money, your lender will pay directly to the title holder of the house.

Ways to lower the interest rate on my home loan?

Are there ways to lower the interest rate on my home loan?

So, as I am sure most of us are trying, I am looking for help on getting one of those lowered interest rate loans that I have seen announced everywhere to help people with their homes. Any help please on places or where I can look to get a better or lower my current home loan I have with my current financier? Thanks in advance!
Hi, there's a blog about home loans, may be you can find something there, i think it's very useful : )

Where is the VA home loan interest rate at today?

Where is the VA Home loan interest rate at today and where can I check it daily? I tried bankrate but all they have is conventional loans no va.

In the 1980's the VA rate was set by law. That is no longer true. So each bank gets to charge whatever they want. Which is why there is no place to find the "VA rate" daily. Just go to each bank's website and the conventional rate will get you to within 1/4% of the VA rate at that bank. Today it is apx 5.5% for a fixed-rate 30 year loan.

I have heard about Variable home loan rate. But why do people choose that loan over a fixed rate loan?

Home Loan NRI Excess approved?

I have applied for home loan and it has got approved my bank is financing 85% of the value of the flat and stamp duty and registration, and the builder is asking initial 20% and I have to pay stamp duty before getting the loan. Now the scene is that after I pay all this will the bank still reimburse the diffrence of 5% (Bank approved 85% but I paid builder 20% instead of 15% balance) I am NRI if bank gives me the diffrences can I deposit it in my NRE account or can I deposit this in my NRO account and pay my EMI from there, Does bank insist that payment has to come from NRE/NRO account only? for NRI
you have to consult with your bank, Coz no one can tell about that.

Best bank for NRI loan in India?
Hiya, Can any one suggest me the best bank in India to apply for NRI home loan. As far as I know people seem to have bad experience with all private banks especially with ICICI and HDFC. So if anyone could suggest any bank I can go for would be much appreciated. Rgds, Reed.
Shouldn't you be asking that on some Indian Yahoo site? We're not going to know on here are we? If I want a loan I go to Barclays or LloydsTSB not some bank on the sub continent.