COVID-19 – NRIs: UAE expats going home? Here are your top options when purchasing property in India

COVID-19 – NRIs: UAE expats going home? Here are your top options when purchasing property in India

If, as an Indian expat, you have decided to live in a particular city in India for the rest of your life, buying a home could be a more suitable option for you, as it is undoubtedly better to pay monthl;y installments rather than monthly rent. However, that is easier said than done. There are a number of risks involved, especially from the point of view of an outsider - as you are not well versed with the ever-changing processes when it comes to buying property in India, be it a flat, residential building or simply a property. There are a number of risks involved, especially from the point of view of an outsider - as you are not well versed with the ever-changing processes when it comes to buying property in India. RERA, or the Real Estate (Regulation and Development) Act, 2016, has come as a big relief for home buyers. But many home buyers believe every project is covered by RERA and thus safe. That is not true. RERA covers projects with 500 square meter or more area or eight or more units. For a project to be RERA compliant, the builder needs to register it with the