How can I protect my NRI property in India?

1.05K viewsOther
0

Is there any support that I can have for my property?

Alicewi willson Answered question March 30, 2023
0

Protecting your Non-Resident Indian (NRI) property in India can be a complex process. But, there are several steps you can take to ensure its safety and security.

Firstly, it is essential to have all legal documents related to the property in order, including the title deed, property tax receipts, and any other relevant paperwork. These documents should be kept in a safe and secure place, such as a bank locker, to prevent theft or loss.

Secondly, it is important to appoint a trustworthy and reliable power of attorney (POA) to handle any legal or financial matters related to the property in your absence. The POA should be someone you trust implicitly and who has a good understanding of Indian property laws.

Thirdly, it is advisable to hire a property management company like S2NRI to oversee the maintenance and upkeep of your property. This can include regular inspections, repairs, and maintenance work, as well as ensuring that the property is kept secure and free from encroachment or illegal occupation.

Fourthly, it is recommended to purchase a comprehensive insurance policy for the property, which can protect against damage from natural disasters, theft, and other unforeseen events.

Finally, it is important to stay informed about any changes in Indian property laws and regulations, and to seek professional legal advice if necessary. This can help prevent any legal disputes or complications that may arise in the future.

Alicewi willson Answered question March 30, 2023
You are viewing 1 out of 2 answers, click here to view all answers.