Introduction
For Non-Resident Indians (NRIs) looking to invest in Indian real estate, navigating the market can be a challenge. From understanding local regulations to selecting trusted platforms, the journey is filled with questions. One platform that frequently comes up is Square Yards. But is Square Yards legit for NRIs? Can it really offer secure investments, tax advantages, and promising returns?
Let’s explore these questions in detail to help you make an informed decision.
What is Square Yards?
Square Yards is one of India’s largest integrated real estate platforms, offering end-to-end property buying and selling services. It has a presence in over 25 cities globally and provides access to residential, commercial, and investment properties. For NRIs, the platform is marketed as a one-stop solution for safe, verified, and high-return real estate investments in India.
Is Square Yards Legit for NRIs?
Yes, Square Yards is considered a legitimate and trusted platform. It has strong partnerships with top developers like Godrej, Tata Housing, Prestige, and Sobha. For NRIs, it offers:
- Verified Listings: All properties listed are verified and come from reputable builders.
- Legal & Documentation Support: The company assists with legal formalities, making the process smoother for overseas buyers.
- Dedicated NRI Services: Square Yards has a dedicated team to help NRIs with personalized investment strategies.
Tax Benefits for NRIs Buying Property in India
One of the biggest concerns for NRI investors is taxation. Fortunately, buying real estate in India comes with several tax benefits:
- Home Loan Tax Deductions: NRIs can claim tax deductions on home loan interest under Section 24(b) and principal repayment under Section 80C of the Income Tax Act.
- Depreciation Benefits: If the property is let out, you can claim depreciation to reduce taxable income.
- Double Taxation Avoidance Agreement (DTAA): India has DTAA with several countries, allowing NRIs to avoid paying tax twice.
- Capital Gains Exemptions: Long-term capital gains (LTCG) are eligible for exemptions under Section 54 if reinvested in residential property.
These tax-saving provisions make real estate an attractive option for NRIs looking to grow their wealth in India.
Investment Safety with Square Yards
Square Yards ensures safety through:
- RERA-Compliant Projects: All properties are listed from RERA-registered developers, ensuring transparency and regulatory compliance.
- Payment Protection: Secure payment gateways and clear refund policies protect investor interests.
- Expert Advisory: Real estate experts provide risk analysis and help customize portfolios to meet long-term goals.
Property Returns: What Should NRIs Expect?
Investment in Indian real estate can be highly rewarding. Here’s what NRIs can expect:
- Rental Yield: Average rental yields range between 3-5% annually, depending on the city and property type.
- Appreciation: Tier-1 cities like Bangalore, Mumbai, and Hyderabad have seen 7-10% property appreciation year-on-year.
- High ROI Projects: Investing in under-construction or early-stage properties from reputed developers can result in significant capital gains.
Keywords to Note:
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FAQs
Q1: Is Square Yards safe for NRI property investment?
A: Yes, Square Yards is a trusted platform offering verified properties, legal assistance, and NRI-focused services.
Q2: What are the tax benefits for NRIs on property investments in India?
A: NRIs can claim deductions on home loans, capital gains exemptions, and benefit from DTAA.
Q3: Can I buy property in India without visiting?
A: Absolutely. With digital tools and Power of Attorney (PoA), NRIs can complete the purchase remotely via Square Yards.
Q4: How can I ensure high returns on my investment?
A: Choose projects in high-growth areas, prefer under-construction properties from reputed developers, and consider rental demand.
Conclusion
So, is Square Yards legit for NRIs? Yes—with robust security, tax benefits, and personalized investment strategies, it offers a safe and profitable avenue for overseas Indians to invest in Indian real estate. Whether you’re a first-time investor or looking to expand your property portfolio, Square Yards could be your gateway to smart, secure, and successful real estate investments in India.
