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The Indian real estate sector (especially housing) is on a strong growth path, led by rising GDP, improving demographics, growing affordability, increasing impact of SEZs & IT/ITES and organized retail sectors, supported by strong FDI and domestic portfolio inflows. The unprecedented demand has driven the need for organized sources of funding, creating ‘investability’ and has led to the emergence of real estate as a sustainable asset class. The office space in India is also far lower when compared with international peers like Hong Kong and New York.

If someone is arriving Ahmedabad after 10years, will be undeniably traumatized by discovering new MAP of Ahmedabad Mega City. Days past when traditional and small developer firms were involved in make money doubled only. India has worked out a solution for corporate civilization in asset building. Nowadays construction companies are mounting landmark projects which are excessively affordable. Some taxation as well as banker’s lending policies are also attractive for retail investors and end users as well. One can confidently endow funds in real assets to enlarge the profitability of his/her own money.

 

One and all adore to have own dream habitat in inhabitant/mother land. Days gone when you necessitate going in person to bank and requesting to sanction credit for procuring own dream property, and stuck between bank’s Indian and overseas branch for pending approvals. Axis bank made it so trouble-free to conclude your deal on instance. You just need to choose the property and appoint a Power of Attorney to your sibling or close family member. And provide photocopies of few documents as listed below.

 

• I.T. Returns & Salary Statements (like…W2 in USA, P60 in UK)

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Last 2 years

• Salary / Pay Slip

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Last 6 months

• Bank Account Statements (Salary & NRO/NRE)

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Last 1 year

• Passport

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With Visa Page

• Any Identity proof issued abroad

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i.e. Driving License

• Current Residence Address Proof Employer

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Any utility bill / Certificate issued by

• Latest Credit Report

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Issued within last 2 month

• Valid Visa Proof

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i.e. work permit

• Current Loan Details

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if any currently running

• Recent Colour Passport Size Photograph

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2

• 1 Cheque from NRE/NRO Account

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For processing fees

• Power of Attorney to close relative

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As per banks format

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