SERVICES

HOMELANDREALTYINDIAINC

REALIZING YOUR DREAM HOME & MORE

HOMELANDREALTYINDIAINC

REALIZING YOUR DREAM HOME & MORE

Services provided by Home Land Realty India Inc.

We provide our clients with a comprehensive range of real estate services that ensure all your related needs are taken care of under one roof. No more running around for days, wasting time visiting properties that you do not even wish to consider. Home Land Realty India Inc, conveniently makes available the most extensive selection of Goa properties…

Our Sales Services cover -

Home Finance assistance from Banks / Non Banking Financial Companies.

Other Amenities support (fixtures furnishing, etc)

Money back - Rent back offers..

Event Reports for properties under construction

Location advisory Site visits and Short listing

Assistance with Due Diligence & Legal facilitation

Negotiations to get you the Best Deal

Documentation - Agreement of sale / MOU / Deed of Sale & everything pertaining to the property.

Once you decide to buy a particular property, the following typical process is recommended. Please however note that this process may differ slightly from Seller to Seller, depending on the property selected.

1. On receipt of your enquiry we will check with the Seller party to re-confirm availability of the property and revert to you.

2. Though the properties on our site are of reputed owners/developers, purely as a matter of "Due Diligence" we recommend that a legal scrutiny be done by a local Goa lawyer appointed by you. (Home Land Realty India Inc provides complete assistance for this, making it hassle free for you). In cases where the project has already been legally checked and pre-approved by Banks, this step is optional.

3. On completion of Legal scrutiny (usually a period of 4-5 days) and receipt of Title approval, you decide whether you/your representative want to make a site visit/meet the owner /developer. If so, HLRII makes all the arrangements for this. (If you are not visiting personally but sending a representative, you need to give us a letter of authorization for your representative)

4. Once you decide to purchase the property a Booking/Token Amount is to be paid by you to the Seller/Developer to confirm your intent to buy the property. An official receipt for the same is issued to you by the Seller/Developer confirming receipt of your payment and that the property has been reserved for you.

5. Home Land Realty India Inc’s Sourcing & Coordination Fees of 2% + Govt. Service Tax is also to be paid by you at this point in time.

6. The next step is to sign the “Agreement of Sale” (for properties under construction). If a property is ready for possession, this is not required and one can directly sign the final "Sale Deed" against payment of the balance amount due for purchase of the property. Sale Deeds & Agreements must be registered with the Registrars office.

7. At time of signing the “Agreement of Sale” most Developers require you to pay up the value of all installments that as per their Payment Schedule (linked to progress of construction) fell due for payment up to the current stage of completion of construction. Once signed, the “Agreement of Sale” should to be registered with the concerned authorities. Subsequent payments are to be made in installments as per the developer's payment schedule for the remaining part of the construction. The "Sale Deed" is signed once construction is completed and you can take possession of your property, once certified for Occupancy.

8. Stamp Duty & Registration charges for property in Goa is currently between 4% to 5%, depending on the Value of the Property. Usually 1% is paid at time of the Agreement of Sale and the balance at the time of Sale Deed.

9. It is best to be personally present in Goa for signing the Agreement of Sale and Sale Deed and registration of these legal documents. However if this is just not possible, you may appoint a Power of Attorney to sign and register the documents on your behalf.

Just to reiterate, Our Service Charges are 2% of the Property purchase Value + Govt. Service Tax as applicable, payable on signing of the Agreement for Sale for purchase of any property thru Home Land Realty India Inc.

Rules Governing Property Purchase in Goa by Non-Residents.

Rules pertaining to purchase and ownership of immovable property in India are governed by the Reserve Bank of India. A summary of the current prevailing laws are enumerated below. Click here to view full details on Reserve Bank of India's official website official website on acquisition and transfer of immovable property in India by a person resident outside India. http://www.rbi.org.in/scripts/FAQView.aspx?Id=33

Rules for NRIs (Non Resident Indians) and PIOs (Persons of Indian Origin)

A NRI is defined as a person resident outside India who is a citizen of India. A PIO is defined as a person who has at any time held an Indian passport, or whose father or grandfather has been a citizen of India.

NRIs & PIOs are permitted to purchase any number of residential/commercial properties in India. No special permission or filing of documents is required with RBI.

Under the general RBI permission available to NRIs & PIOs, funds must be remitted to India through normal banking channel or funds held in his NRE / FCNR (B) / NRO account.

No consideration should be paid outside India.

The NRI / PIO may repatriate the sale proceeds of immovable property in India acquired by way of inward remittance through normal banking channels or by debit to NRE /FCNR (B) account. The amount to be repatriated should not exceed the amount paid for acquisition of the immovable property. Repatriation of sale proceeds of residential property purchased by NRI / PIO out of foreign exchange is restricted to not more than two such properties. Capital gains, if any, may be credited to the NRO account from where the NRI/PIO may repatriate an amount up to USD one million per financial year subject to tax compliance. See RBI website for more details.

Click here for : Home Finance for NRIs & PIOs

Rules for Foreign Nationals of Non-Indian Origin

Foreign Nationals are permitted to lease property in India for a period of up to 5 years without the need for any special permission from the Reserve Bank of India.

Foreign companies who have been permitted to open an office in India are also allowed to acquire any immovable property in India, which is necessary for or incidental to carrying on such activity. This stipulation is not available to entities which are permitted to open liaison offices in India. Though RBI rules allow a foreign national who is a Resident of India (i.e. one who has completed more than 182 days stay in India in the previous financial year) to buy property, the rule also states that "... the person concerned would have to obtain the approvals, and fulfill the requirements if any, prescribed by other authorities, such as the concerned State Government". We DO NOT advise foreign nationals to attempt to purchase property in Goa via this route at the moment. (Please refer the RBI Website for full details)

Basic documents required at the time of registration of Agreements / Deed of Sale:

· PAN No. & attested copy of PAN Card / Undertaking.

· For Companies: Memorandum & Articles of Association and certified copy of Board Resolution.

· For Foreign Nationals of Indian Origin: Passport Photocopy/funds from NRE/FCNR A/c.

· For NRI/PIO: Copy of Passport Photocopy / Foreign inward remittance from the account of Alottee's /NRE/NRO A/c of Alottee's.

Call our Marketing Div +0832 277 1784 , or email us at info@homelandrealtyindia.com

Home Land Realty India Inc …your one stop shop for all property related requirements.

Phone : +0832 277 1784 (Mon - Sat: 9:00 am - 6:00 pm) Mobile : +91 965 779 3293 (Mon - Sat: 9:00 am - 6:00 pm)

web : www.homelandrealtyindia.com email : info@homelandrealtyindia.com

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