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Property Matters for NRIs: Navigating Legal and Practical Challenges

Vijayvergiya Law Group PLLC

Non-resident Indians (NRIs) often invest in property for various reasons, including future retirement plans or ancestral property in India. However, they have difficulty selling it in India, either owing to a lack of trust in their relatives or the property is stuck because of a dispute within the family or outside. Litigation, or the hassle caused by the system, including money getting stuck in the Tax Deduction At Source (TDS) account, can be troubling. Banks' currency conversion charges can again cause a loss of tens of thousands of dollars (subject to the sale price).

 

Through our sister concern in India, we effectively handle the entire transaction. By ensuring that a US-licensed attorney supervises the transaction regularly, we ensure that the highest level of professional ethics is maintained at all times. From creating the strategy to effectively implementing it, from negotiations to registration, from taxation to currency conversion, we ensure that all requirements are effectively met with the client sitting comfortably at his home, thereby providing a hassle-free experience for our clients.

 

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