GHR Infra is driven by the promise of ‘building responsibly’ by combining innovation and sustainability to pave the way for a futuristic living experience. In our efforts of revolutionizing the real estate industry, we’re making the new-gen home buyer’s dream of smart living a reality.
WHY GHR
GHR Infra came into existence when three renowned real estate players from Hyderabad namely Gauthami Developers, RR Builders, and Hirize Projects collaborated together. With a collective experience of over 30 years, GHR Infra comes with an in-depth understanding of the real estate sector.
WHY HYDERABAD?
With a significant drop in property rates, thanks to new policy changes and enhanced consolidation in the real-estate sector, Hyderabad is quickly transforming into an attractive destination for real estate investors.
Expanding city borders, quick upscaling of neighborhoods and a drive to invest in the motherland has made Hyderabad the top destination for NRIs today. The last year saw Hyderabad witness astonishing recovery in real estate being one of the only cities in India to do so successfully.
WHY INDIA?
One of the safest forms of investments in India, real estate is the best place to start and is the safest long term investment. Technology has enabled and simplified the process of giving buyers virtual tours of their properties, digitally processing documents and initiating paperwork.
All of this while keeping the process completely transparent and travel-free through strict regulatory measures for real-estate. With growing focus on revival, real estate is pegged to be the flagbearer of economic and infrastructural recovery in the country.
NRI FAQs
An Indian citizen living outside of India for a cumulative period of minimum 183 days, as per the financial year, is considered to be an NRI. NRIs are eligible to vote, additionally, only the income they’ve earned in India is taxable in India.
All Non Residential Indians can purchase residential or commercial property in India. There is no limit on the number of properties.
The buyer has to complete all formalities that are required for purchasing a property. No special permission is required from RBI for the purchase. An attorney can be appointed to ensure no detail in the transaction from either side is missed. It is recommended by experts that NRIs give the power of attorney to a person resident in India in order to complete formalities like registration, possession and execution of the sale among many others.
The most basic list of documents to buy property in India includes - Title Deed(in the name of the seller), Sanctioned Building Plan, Commencement Certificate, Tax Paid Receipts, Encumbrance Certificate, Khata/Mutation Documents. Other documents include a PAN card, a registered Power Of Attorney as well as proof of address.
According to the Indian Income Tax Act, if a person (resident or NRI) owns more than one house property, only one of them will be deemed as self-occupied. There will be no income tax on a self-occupied property. The other one, whether you rent it out or not, will be deemed to be given on rent. If you have not given the second property on rent, you will have to calculate deemed rental income on the second property (based on certain valuations prescribed by the income tax rules) and pay the tax thereof.
Loans can be easily taken for purchase of property or even for home repairs and renovations. EMIs can be paid by remitting money from foreign accounts into regular accounts, by issuing post-dated cheques from NRE, NRO or FCNR accounts or cheques issued from relatives’ accounts.