I am an NRI planning to purchase first investment property in India.

Q: I am NRI from Sydney, Australia. I am planning to purchase first investment property in India. My investment strategy is to leverage high captial growth in India and bring money can to Australia and invest it on high yield (rental income) property here with minimum aussie loan.

My questions are
1. Best way to buy construction property keeping stamp duty/other expenses as low as possible? Thru NRE or NRO account or on relatives name?
2. Best way to repatriate money back to Australia keeping tax as low as possible? Thru NRE or NRO account or relative gifting property to me and I sell that property and deposit sell money in NRE account ?

Manish

mkbonline, Noida

11th January 2013

Investment Advice in Delhi

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Hi.. I think buying through a relative would be a better option, as there would be no additional charges involved in that case.. I have come across an article in this website which is quite useful in this regard.. you can find more details here- FAQs – All about NRI investments in India. Check if this is of any help to you.