Y
Yash Kapoor
posted on 5 MayNRI trying to buy property remotely — this is hard
Budget finalised, loan pre-approved from Dubai, now eyeing Bengaluru. I'm looking specifically at the 'Ready to Move' corridor. Prices there, have they just skyrocketed in the last 1-2 years? I can't do a site inspection myself, so need ground truth. Is it a good time to buy now, or better to wait? Also, any advice on legal clarity for NRIs or finding good rental management for an absentee owner? Power of attorney is a big hurdle.
#nri-investment#ready-to-move#price-trend#property-management#legal-advice
Comments
The price rise is real, especially for good builders. I heard Prestige Group, jo 1986 se hai aur Bengaluru HQ hai, unke projects mein bhi double-digit appreciation hua hai last 18 months mein. But my main concern is the RERA compliance for NRI transactions. Is there a specific process for NRIs to ensure everything is transparent with RERA? Also,
Yaar, I totally get where you're coming from! My situation is quite similar, trying to navigate the Bengaluru market from afar. The 'Ready to Move' tag is so tempting, but the prices... seriously, I remember checking out places near Akshayanagar two years ago and now they're almost 30-40% higher. It's insane. Is everyone else feeling this pinch, or am I just looking at the wrong properties? And the POA part, that's a nightmare for NRIs, right? Any tips on finding reliable legal help for that?
Totally agree with you both. Legal help for POA is a big headache. Heard some horror stories and it's hard to find someone trustworthy.
Haan bhai, absolutely feeling the pinch! Akshayanagar has gone crazy. I was scouting in Aavalahalli too, thinking it might be a bit more reasonable, but even there, the prices are just shooting up every other month. It feels like the market is just on fire, especially for 'Ready to Move' inventory. You're not alone in thinking the prices are too high.