Funds mobilization strategy
Handling finance related to NRI property requires careful input and consideration on local laws on inward and outward movement of funds and taxation laws to ensure maximisation of net surplus. The decisions again need to be in line with the laws and regulations of country of residence.
Funds mobilisation, be it for buying, maintaining, renting or selling will involve not so easy to handle issues under India Foreign Exchange Laws and also Income Tax Laws and regulations in India. Now under recent FATCA regime, it has become most important to ensure compliance with movement of funds. A technical error happening due to lack of awareness or correct information may cause difficulties during or after transactions. Syndicating local funds from authorised financial institutes, Inward and outward remittances of own funds or rental Income/Capital Gains will all need local expertise.