- We determine the market value of the property for you.
- We maintain the largest estate directory.
- Title Transfer for Inherited Property.
- Get the required Documents in Order.
- Complete the Transaction.
The most common ones are disputes in Title of Immovable Property, Delay in Registering a Property, Forging or fabrication of Documents, Delay in Payments, Relating to Inherited Property, Misuse of Power of Attorney, Builders not Giving Possession in Time etc
The local property dealers know that Indians living overseas are in employment and cannot stay in India due to their jobs, So they exploit NRIs by giving token money for the land deal, binding in an agreement and not completing the full transaction for years.
The reason for slowdown in prices of land in Punjab is due to irrational increase in property prices in the past. Investors who invested in real estate few years ago are finding it difficult to get a buyer even after reducing the prices lower than the purchase value.
The other reason is that Indians living abroad have emotions with their lands, but the younger generations of the families don’t have such attachment. So, they try to sell their ancestral lands in Punjab, which results in excess of land for sale available. On the contrary, there is not much buyers interested in investing in those lands.
Selling your property quickly is not an easy job. First, make sure you are sale ready i.e. all documents & deeds should be gathered. Secondly, taking a help from an experienced property dealer can be helpful in making the right valuations of the land and getting the potential buyers.
We have an expertise team, which will help you to sell your property in no time. At Punjab NRI Property, we have buyers who are already looking to invest in estates, so selling a land for us is quite easy.
Selling a property through Power of Attorney is possible if you are an NRI, and currently not present in India. Though the Power of Attorney should be attested & registered at a Notary in India. Once deal is finalized, the Sale Deed with duly stamps has to be registered as required by law in India.
Tax is applicable only on the capital gains from the sale of land. Agricultural land in Rural Area in India is not considered a capital asset. Therefore any gains from its sale are not taxable under the head Capital Gains.
Agriculture land can be sold and payments can be received in cash. To make this transaction transparent and legal, same amount you received must be mentioned in the sale deed and pay the stamp duty based on that amount. Showing the sale price lower than the actual and avoiding stamp duty is illegal.