NRIs and PIOs make the lowest return on investment when it comes to making money from the booming real estate sector in India.
- Demand for flats and bungalows on rent continue to be in demand in all major cities in India
- Risk of illegal encroachment is low with new regulations in registration of rent agreement for 11 months.
- Rental income is a significant source of income.
- Usage of the house helps timely detection and fixation of latent defects , esp. in new construction
- Increased occupancy of houses in the complex/society increases resale value.
A key aspect of return on real estate investment, which NRI’s ignore is rental income, and keeps their apartment or bungalow in India vacant.
Our vision is to be a reliable service provider and build trust with owners in the long term. To meet this vision, we feel that it’s very important to find reliable tenants while balancing the act of maximizing the rent for our NRI clients. It’s like managing your property, without actually handling the tenants.
We personally meet prospective tenants, evaluate their background and determine the appropriateness/reliability as a trustworthy tenant. . We tailor-make clauses in the lease agreement to protect your interests like adherence to society rules, maintaining houses in a good condition, owner’s right to conduct surprise checks etc. We also remind the tenant of his duties and owners' right to evacuate at a short notice in case of any issue created by the tenant.
The rental amount depends upon several factors such as locality of the property, proximity to facilities such as market, public transport, company buses etc. layout, furnishings, floor number, age of the building, occupancy in the building, type of tenant, number of rooms, quality of approach road etc.
We can provide you with expected rental after a professional assessment of the property. Since we work on your behalf, we work on maximizing the rent that you can earn while balancing the act of finding a reliable tenant.
We assist NRIs with renting their vacant houses. This includes:
- Getting the house furnished
- Finding a suitable tenant
- Completing formalities such as Power of Attorney, Leave & License Agreement etc.
