Plants have held an esteemed position in human culture and folklore since time immemorial. With their enchanting beauty, healing properties, and symbolic significance, they have been venerated and lauded for centuries. Some plants, however, have acquired a legendary status among Vastu believers for bestowing good fortune, wealth, and prosperity upon those who keep them.
List of Vastu verified plants to increase positivity and good luck at home
This blog is an exploration of a few Vastu verified plants and how to place them in your home. From the ubiquitous jade plant to the exotic money tree, these plants have captured the imagination of people across the globe and continue to be popular embellishments in homes and gardens alike. So, let us delve into the intriguing realm of lucky plants!
The jade plant, with its lush green foliage and plump, circular leaves, is a revered symbol of growth, prosperity, and positive energy. It is also said to nurture deep and lasting friendships. As per Vastu, placing the plant in the southeast corner of your home’s entrance attracts maximum energy. However, it is best to avoid keeping it in the bedroom or bathroom, where it can attract negative vibes.
The lucky bamboo plant, with its slender stalks and vibrant green leaves, is a beloved symbol of peace, luck, and prosperity. It is also a popular choice for tabletops and desks, where it can create a serene and calming environment. As per Vastu, positioning the plant in the southeast or east corner of your home can maximize its benefits. Choosing a plant with six stalks is believed to promote luck and prosperity, while one with seven stalks can promote good health.
The snake plant is an excellent choice for adding a touch of natural elegance to your home while also promoting good health. This green marvel is beneficial to your health because of its ability to purify the air and absorb harmful toxins. Its presence creates a positive energy atmosphere, making it an ideal addition to your living space. Vastu suggests placing the plant in your bedroom’s south or east direction for a serene and calming ambiance.
The holy basil plant, known for its strong spiritual energy, is a symbol of purity and good fortune in many cultures. It radiates positive vibes, making it an ideal plant for creating a harmonious environment in your home. Planted in the east or northeast direction, it brings a sense of tranquillity and attracts good luck, making it a must-have in every home.
The money plant is a popular symbol of wealth and good fortune, and its low-maintenance nature makes it an ideal choice for those who want to enhance their home’s positive energy. Whether you plant it in water or soil, or a jar or bottle, this plant will thrive and bring good vibes into your space. Place it on your side table or near the window to invite prosperity and abundance into your life.
The Morpankhi with its lush foliage and striking appearance, is a beautiful addition to any home. It not only adds to the aesthetics but also creates a positive environment by mitigating the negative effects of Vastu defects, if any, in your home. Placed at the entrance of your living room, it exudes positive energy and fosters a harmonious atmosphere. Keeping it well-watered is crucial to ensuring its powers are always at their peak.
The versatile aloe vera plant, with its succulent leaves and healing properties, has long been a staple in skincare, haircare, and digestive remedies. It is also believed to usher in a flow of prosperity and happiness into your home while purifying the air. According to Vastu, positioning the plant in the north or east direction of your home can promote positive energy and repel negativity.
Lavender, with its fragrant purple blooms and therapeutic properties, is a cherished herb that relaxes the mind, uplifts the mood, and promotes restful sleep. It is also known to create a stress-free atmosphere and foster healthy relationships. As per Vastu, planting lavender in a sun-facing bedroom window can promote love, romance, and well-being.
The peony, with its soft, velvety petals and alluring fragrance, is a favourite flowering plant that symbolizes optimism, love, and positivity. It is a perfect choice for enhancing the beauty of gardens and homes while promoting harmonious relationships. According to Vastu, planting a peony in the southwest corner of your home can attract positive energy and create an atmosphere of hope and optimism.
Conclusion
In conclusion, Vastu recommends specific precautions when it comes to plants and their placement within a home. Decaying or rotting leaves should be disposed of, while plants placed in the east or northeast direction should be limited to a maximum of 3 feet in height. Additionally, certain types of plants, such as cacti, bonsai, and thorny plants (except roses), should be removed as they attract negative energy and can have a negative impact on familial relationships. Following these guidelines can help create a more positive and harmonious environment within the home.
Assam is a unique blend of old-world charm and modern influences, offering a dynamic fusion of tradition and a cosmopolitan lifestyle. Among its bustling cities, Guwahati stands out as the Gateway to Northeast India, where cultural richness and trendy streets delight both locals and tourists alike.
Reasons why an Assamese NRI should invest in Guwahati
If there is just one city where you should buy a property or invest, it is none other than our very own Guwahati. In this article, we have highlighted some key points that explain why an Assamese NRI should buy a property or invest in Guwahati.
Modernization and developmental activities have been either slow or limited in the entire northeast of India. But because of Guwahati’s strategic location, this part of the region has seen more development than others. It is slowly moving towards becoming a major metropolis. And guess what? Guwahati is an important touchpoint when it comes to traveling to other parts of the country. Therefore, Assamese NRIs should consider buying a property or investing in real estate over here.
2. Interesting Topography
Guwahati has an interesting topography as well. The highlands and the wide Brahmaputra create a stunning backdrop against the ever-growing city. The Luit, a historical name of the Brahmaputra, referred by many poets as the red river, has seen civilizational history being created from the 5th century AD.
Guwahati is couched between hills on all sides. The west has the Nilachal Hill, the north has the Chitrachal Hill and to the South lies the Narakasur Hill. There are over 20 picturesque residual hillocks formed over a period in the evolution of the city – Jalukbari, Lankeswar, Fatasil, Gotanagar, Sukreswar, Kharguli, Nabagraha, Noonmati, Nilachal, Kalapahar, Narangi, Hengrabari, Sarania, Narakasur, Sunsali, Kainadhara Hills, Khanapara, Garbhanga – to name a few. They create an interesting topography of the city with highs, lows and greenery across the length and breadth of the city.
There are many ongoing construction activities to improve the living standards of the people. The flyover construction near Zoo Road and Maligaon is going to be a game-changer for sure. These two regions, being the key thoroughfare and a residential locality in two different regions of Guwahati, can expect to see a lot of development in the coming years. The inmates of Protech Tarun Nagar, which is only a few hundred meters away from Zoo Road, can take full advantage of it.
Additionally, the city is expanding towards the North across the Brahmaputra. Before the British, North Guwahati was the epicenter of social and economic activity and now the direction of development is reversing the colonial trend that developed South Guwahati.
4. Increase in commercial activities
Commercial activities in Guwahati are booming at an exponential rate. Being the gateway of the Northeast, and its close connectivity to the Indian mainland as well as with the capital of Bangladesh – Dhaka, the city is in the verge of the next growth spurt. Dhaka is only around 400 kms from Guwahati. Air, rail, and road connectivity are being actively pursued by the Government of both the countries. This makes Guwahati very strategic for commercial activities. The economy is bound to grow, and the prices of residential properties is therefore expected to rise.
Entertainment wise, there is no shortage of options for recreation for the locals. Whether it is big shopping complexes and hotel chains, or resorts and bars. You have every option to entertain yourself. Just like being in one of the metropolises of India.
Being the most important city in the northeast, the population of Guwahati never stops growing. People come and go. But many people choose to stay back to fulfill their dreams. This has led to increases in both house rents and flat rates. And this will never come down. Therefore, as an Assamese NRI, this is one of the best times to consider buying or investing in real estate in Guwahati. Whether you decide to save yourself the best flat for your retirement or for your family living in Assam, now is an exciting time to act. Also, you can build a reliable source of passive income by lending your property.
Future of Guwahati: Why should Assamese NRIs be interested in the city
Urbanization is not a new occurrence for Guwahati. And the government has always been proactive in addressing the issues and other socio-economic factors affecting them. The state government created a Master plan for Greater Guwahati in 1965 for the first time under Section 10 of the Assam Town and Country Planning Act, 1959. With time, it went through a couple of modifications. According to the GMDA Act of 1985, the current plan for Guwahati is updated with 2025 as the target year of implementation.
And according to this goal sheet, the following developmental activities are expected:
Guwahati’s natural environment consists of hills, water bodies, and the vast Brahmaputra River. The goal sheet focuses on conserving it.
The city is getting a brand new, state-of-the-art public transportation system that will be part of an all-encompassing, multi-modal transport network with shiny new terminals. Parking issues will be taken extra care of.
The key objectives are to connect all homes to a water source and sewage system. All types of trash need to be handled via a streamlined solid waste management system. The city’s drainage systems will be designed to prevent clogs, and educational, medical, security, social, and cultural centers will be placed strategically throughout the metropolis.
There will be new towns built for wholesale markets in the northeast, industries in the northwest, and an SEZ, IT, and Business Centre in the southwest.
The city will be sprinkled with sports and entertainment centers. The land along the NG bypass will be used to construct a high-quality urban design corridor complete with skyscraping office and government buildings.
Why should Assamese NRIs buy a property from Protech?
The needs of our prestigious and high-end NRI clients, who live far from their families and their country of origin, are well understood by our knowledgeable sales team. Whether you prefer a sleek contemporary design with innovative technology or a touch of timeless tradition, you will find a variety of properties that cater to your preferences. We at Protech Group are aware that every person has different preferences and needs when it comes to their ideal home. Your loved ones deserve a lavish and cozy abode that you can entrust to them, allowing you to return to a stunning retreat that stands apart from your primary residence.
To create the most creative and individualized solutions for our clients, our team of seasoned professionals draws on a wealth of diverse backgrounds and years of experience. Protech is the biggest player in the real estate game in the northeast, and all Assamese NRIs can trust us for our services.
Assam is undoubtedly one of the most wholesome places to visit. With its diverse cultures, traditions, and idyllic locations, a trip to Assam is hard to beat. And, if you enjoy traditions and want to fully immerse yourself in a cultural experience during your visit, you should definitely plan your vacation around various festivals held throughout the state at various times of the year. In this article, we will discuss some of the most popular cultural festivals in Assam that you must attend at least once.
Assam’s tourism minister, Jayanta Malla Baruah, expressed his desire to make Guwahati Sandbar one of the most attractive tourist destinations in the state. The three-month festival kicked off this year on January 1, 2023. The festival is intended to be a vibrant showcase of Assam’s rich cultural heritage, traditions, handicrafts, and delectable cuisine. Visitors can indulge in various sports activities, such as water sports, paragliding, and traditional sports, besides enjoying the cultural display. Additionally, visitors can taste traditional food and beverages at stalls set up for the occasion.
To facilitate easy access, the tourism department has arranged for regular ferry services for visitors every half an hour. The festival is open for visitors from 10 AM to 9 PM, and the arena is kept plastic-free. Additionally, the organizers have clarified that the festival arena will not be selling any Indian-made foreign liquor (IMFL). Instead, traditional and local drinks prepared by different communities will be available. This festival truly exemplifies Assam’s commitment to presenting its cultural diversity to the world while also giving visitors a fun and interesting experience.
To facilitate easy access, the tourism department arranges regular ferry services for visitors every half an hour. The festival opens every day from 10 AM to 9 PM. The Govt wants the arena to be plastic free and so we are required to maintain a plastic free experience. This festival truly exemplifies Assam’s commitment to presenting its cultural diversity to the world while also giving visitors a fun and interesting experience.
The Elephant Festival is an annual celebration held in the north-eastern state of Assam, India, at the Kaziranga National Park. The festival, which is sponsored by the Government of Assam, the Forest Department, and the Tourism Department, aims to promote ecotourism, protect Asiatic elephants, and spread awareness of the peaceful coexistence of elephants and humans. The purpose of this festival is to raise awareness and respect for these magnificent animals while showcasing the beauty and talents of Asiatic elephants.
An enormous number of tourists attend the annual week-long Kaziranga Elephant Festival, which runs from February 11 to February 17. In an effort to promote ecotourism and address the growing conflict between elephants and people over scarce resources, the Assam Forest Department and the Department of Tourism jointly launched the festival in 2003. Nearly a hundred Asiatic domestic elephants are thoroughly cleaned and decorated throughout the festival. They take part in local cultural events, such as dancing performed especially for them, and they play sports like football to display their skills and prowess. Processions are organized, with troupes playing drums and cymbals while elephants perform in front of the audience.
Jonbeel Mela is a unique cultural festival that takes place annually in the state of Assam, India. The festival is celebrated in the Morigaon district, around 32 kms from Guwahati, the capital city of Assam. This festival is also known as the ‘Festival of the Tribes’, as it is a conglomeration of different tribes and communities in Assam that come together to celebrate and display their rich cultural heritage. The festival is held on the banks of the Jonbeel pond and is believed to have been celebrated for over 500 years.
The main attraction of the festival is the barter system that takes place between different communities. The tribes come with their products and exchange them for goods and products of equal value. One can find a lot of organically grown groceries during this fair. The festival also features cultural performances, traditional sports, and various stalls selling local handicrafts and traditional food items. Jonbeel Mela is a cultural festival and a platform for promoting communal harmony, peace, and brotherhood among the people of Assam.
Ambubachi Mela is one of the most significant festivals of Assam, celebrated annually in the Kamakhya Temple, Guwahati. The festival is held to honour the yearly menstruation cycle of the goddess Kamakhya. It is believed that during the festival, the Goddess Kamakhya undergoes her annual menstruation cycle, and the temple remains closed for three days.
The festival is marked by great enthusiasm and attracts thousands of devotees from various parts of the country. During the festival, the temple premises are decorated with flowers, and people from various communities come to offer their prayers and seek the blessings of the goddess. Tantric sadhus perform various rituals, and devotees take part in various activities like singing devotional songs, reading holy books, and meditating.
The Ambubachi Mela is also an occasion for cultural exchange, and people from various parts of the country come to display their art and craft. The festival is an excellent opportunity for visitors to experience the rich culture and traditions of Assam.
Assam is blessed with attractive tourist destinations, and the Nazirating Tamuli Tourism Circuit is a new addition to the tourism map of the state. Chief Minister Dr. Himanta Biswa Sarma attended the last day of the festival this year and announced Rs. 3 crores for the infrastructural development of the Nazirating Tamuli Tourism Circuit. This will create more amenities for tourists and transform the festival into a must-see event for nature lovers and animal enthusiasts. The Chief Minister praised the festival for being held in a pristine landscape enriched by the river Dibru and unique flora and fauna. The natural beauty of the place and the presence of varied species of birds make it an attractive tourist destination. Furthermore, the creation of guest houses, roads, and other amenities for tourists adds to its appeal.
The festival also has the potential to bring together different ethnic groups, creating new job opportunities and attractions for students, nature enthusiasts, and animal lovers. The Chief Minister expressed his gratitude to the festival organizers for their efforts in organizing this event and paving the way for further development.
Majuli festival, celebrated in the state of Assam, is a four-day cultural extravaganza held annually from November 21 to 24. This festival takes place on the banks of the river Luit, on the largest river island in the world. Various cultural groups from Majuli and other parts of Assam organize a range of cultural programs during the festival. One can witness diverse ethnic groups coming together to celebrate the event.
Exhibitions and performances by local groups display remnants of the old traditions. For instance, the tribes of Majuli make burnt clay pottery using the same technique as the Harappan people. The pottery, weapons, and other items are on display during the festivities. The festival also includes a food festival, where different tribal foods are cooked and can be bought. Seminars on relevant issues are organized, and classical performances from all over the country can be witnessed. Since the region is a melting pot of many tribes and ethnic races, one can see several groups sharing space under the Majuli sky.
The Majuli festival celebrates the traditions of the people of the region and beyond. While there are no specific rituals, the festival provides an opportunity for cultural performances and the display of various traditional products of Assam. Many budding and established artists, dancers, musicians, and artisans participate in the festival, making it a celebration of the rich cultural heritage of the region.
Assam, is well-known for its extensive tea gardens, which contribute significantly to the country’s economy. Given its significance, it is appropriate to commemorate Assam’s tea industry and its ability to lift spirits with its delectable aroma and flavour. As a result, the Assam Tea Festival was created to honour the region’s rich tea culture. The festival attracts tea lovers from all over India to the Jorhat district, which is known for its lush tea gardens.
The Assam Tea Festival features cultural performances, interactive activities, and, of course, tea. The people of Assam use this occasion to honour their hard work, while visitors show their appreciation for the various varieties of tea on display and the entertaining performances. The festival is held each year during the winter months of November to January and is a popular event.
The satra is maintained in a clean and tidy manner, and its peaceful surroundings impart peace to one’s mind and soul. The Raslila festival is a grand occasion celebrated here, where both men and women take part in cultural activities. However, it is considered against the rules of other satras.
Garmur Satra holds many ancient articles and artifacts that provide insight into the religious beliefs of the people here. The Vaishnavite site is home to many silver and ivory utensils, elephant cartwheels, umber sculptures, and many other ancient literary manuscripts. The satra is easily accessible by both waterways and roads. Tourists can take either a ferry or taxis and buses to Garmur Satra.
The months of October to February are ideal for visiting this religious institution because the weather is mild.
The rising electricity bills is one of the main concerns of people living in a city like Guwahati. While the city has grown bigger, the demand for electricity has grown too. It is almost impossible to escape from the effects of increasing size of the electricity bills. Undoubtedly, this has become a great burden for households and commercial places alike.
To add to that, another major announcement was made by APDCL a couple of days ago. An increase of 50 paise per unit will be added to electricity bills beginning on February 1, 2023, as part of the Fuel and Power Purchase Price Adjustment (FPPPA). This is in addition to the 79 paise per unit fee that all consumers were paying in the months of November 2022, December 2022, and January 2023.
10 Modern Hacks to Cut Down Your Electricity Bills
Now that warmer months are approaching, it has become extremely important for residents to make some serious changes or adjustments to their current homes and lifestyle to save money on their electricity bills. In this article, we will discuss 11 hacks to cut down your electricity bills at home this summer. But the best thing is, these hacks will serve as a great investment for your home and will be effective during every season.
Invest in energy-efficient appliances
Look for appliances with the ENERGY STAR label, which indicates that they use less energy and save you money on your electricity bill. Switch to LED light bulbs, install dimmer switches, and use natural light whenever possible to reduce your electricity use.
Use smart home technology
Smart home devices such as smart thermostats, smart lights, and smart plugs can help you manage your energy use and reduce your electricity bill by providing you with more control over your home’s energy consumption. Smart home technology has come a long way in recent years, offering a range of affordable and user-friendly solutions for managing and reducing your home’s energy consumption. Whether you’re looking for simple solutions like smart light bulbs or more advanced systems that integrate with your HVAC and home security systems, they are a perfect choice. Here are a few ways smart home technology can help you save on electricity:
Automated Energy Management: Smart home systems allow you to automate your energy use, so you don’t have to remember to turn off the lights or adjust the thermostat when you leave the house. With a smart home system, you can set schedules and remotely control your devices from anywhere, reducing energy waste and lowering your electricity bills.
Energy Monitoring: Smart home systems can also monitor your energy use, providing you with real-time data on your electricity consumption. This allows you to identify areas where you can reduce energy waste and make adjustments to your energy use to reduce your electricity bills.
Improved Home Comfort: Smart home technology can also help improve the overall comfort level in your home by allowing you to set temperature and lighting levels to your preferences.
Reduced Energy Waste: Smart home technology can also help reduce energy waste by providing you with reminders to turn off appliances and electronics that are not in use, reducing standby power consumption.
Install a solar panel system to reduce electricity bills
Solar panels can provide a significant portion of your home’s energy needs, reducing your reliance on traditional electricity and lowering your bill. Installing a solar panel system can be a great way to save on electricity bills and reduce your carbon footprint. By harnessing the power of the sun, solar panels generate clean, renewable energy that can significantly reduce your reliance on traditional, fossil fuel-based electricity. Depending on the size of your system and your energy consumption, you may be able to eliminate your electricity bill entirely or significantly reduce it. In addition to reducing energy costs, installing a solar panel system can also increase the value of your home and make it more attractive to potential buyers. Furthermore, there may be financial incentives such as tax credits and rebates available in your area that can help offset the cost of installation. A solar panel system is a long-term investment that can provide significant benefits, making it an attractive option for homeowners looking to save on their electricity bills.
Insulate your home
Proper insulation can prevent heat loss in the winter and heat gain in the summer, reducing the amount of energy you need to use to maintain a comfortable temperature. Insulating your home is an investment that can pay off in the long run, saving you money on your monthly electricity bill and improving the overall energy efficiency of your home. There are several types of insulation materials available, including fiberglass, cellulose, and spray foam. A professional energy auditor can assess your home and recommend the best type of insulation for your needs, taking into consideration factors such as the type of construction, your budget, and local building codes.
Prevents Heat Loss in Winter: Insulation acts as a barrier that helps prevent heat from escaping your home during the winter. This means your heating system doesn’t have to work as hard to maintain a comfortable temperature, reducing energy consumption and lowering your electricity bills.
Prevents Heat Gain in Summer: Insulation also helps prevent heat from entering your home during the summer, reducing the amount of energy your air conditioning system needs to use to keep your home cool.
Improves Energy Efficiency: By reducing heat loss and heat gain, insulation can help improve the overall energy efficiency of your home, reducing the amount of energy you need to use to maintain a comfortable temperature and lowering your electricity bills.
Increases Home Comfort: Insulation can also help improve the overall comfort level in your home by reducing drafts and maintaining a consistent temperature, making your home more comfortable to live in.
Sealing air leaks reduces electricity bills
Sealing air leaks is a simple and cost-effective way to reduce energy waste and lower your electricity bills. Check your windows, doors, and other areas for air leaks and use weather stripping, caulking, and other methods to seal them. Sealing air leaks can help you with the following:
Maintaining a Consistent Temperature: When there are air leaks in your home, warm air can escape in the winter and cool air can escape in the summer. This means your HVAC system has to work harder to maintain a consistent temperature, consuming more energy and driving up your electricity bill. By sealing air leaks, you can prevent this energy waste and reduce your electricity use.
Preventing Moisture and Humidity: Air leaks can also allow moisture and humidity to enter your home, which can cause mold, mildew, and other indoor air quality problems. By sealing air leaks, you can prevent moisture and humidity from entering your home and reduce the need for energy-intensive dehumidifiers and air purifiers.
Reducing Noise: Air leaks can also allow outside noise to enter your home, making it harder to enjoy a peaceful living environment. By sealing air leaks, you can reduce outside noise and create a more peaceful and comfortable home environment.
Improving Home Comfort: By sealing air leaks, you can improve the overall comfort level in your home by preventing drafts and maintaining a consistent temperature.
Upgrade your HVAC system
An older HVAC system can consume a lot of energy, so consider upgrading to a more energy-efficient system to reduce your electricity bills.
Improved Energy Efficiency: Newer HVAC systems are designed to be more energy efficient, using less energy to heat or cool your home. This can result in lower electricity bills as you use less energy.
Better Temperature Control: Modern HVAC systems have advanced features that allow you to control the temperature in your home. This means you can avoid wasting energy by not overheating or over-cooling your home.
Increased Efficiency of Heat Transfer: An upgraded HVAC system may also have a more efficient heat transfer system, which can reduce energy loss and lower your electricity bill.
Improved Indoor Air Quality: Newer HVAC systems often come equipped with air filters that can improve indoor air quality, reducing the need to run your system as often and reducing energy use.
Reduced Maintenance Costs: Upgraded HVAC systems are typically more reliable and require less maintenance, which can save you money on repair and maintenance costs and reduce the need for energy-intensive repairs.
Use a clothesline or drying rack
Instead of using a clothes dryer, hang your clothes to dry or use a drying rack. This can significantly reduce your energy use.
Avoid using bigger appliances during the peak time of 10 am – 8 pm
Let us not add to the power consumption at the peak period mentioned above by simply using some of our everyday electrical equipment before and after this time period. Washing machines, geysers, irons, and building water pumps can all be relocated with little adjustment.
Maintain the AC temperature at 26° C
ACs are arguably the most significant cause of any summer power outage. A massive load is added to the system every time another AC is turned on and the temperature is dropped by one degree. We can, however, move towards continuous power if we abandon ‘freezing’ in favor of ‘cold enough’. Let’s all go with 26 this summer; it’s actually pretty pleasant.
Switch off from the plug point
When we use the remote to turn an electrical appliance OFF but leave the plug point “ON,” electricity is still being used in “stand-by mode.” These modest energy losses account for an astounding 5% of the total energy use of a city like Mumbai. This is not, by any means, a small percentage. Therefore, let’s turn off our air conditioners, televisions, washers, microwaves, geysers, and mobile chargers from the plug point after use. Each and every time.
We hope you found our article useful. Let us know if you could reduce your electricity bills after reading this blog. Also, we have a whole category of blogs on Home Hacks for your reading.
If you have any other queries, don’t forget to write to us.
The majority of NRIs have families living in India, and the urge to amass personal property is universal among Indians of all ages and occupations. Expats from all over the world have always been interested in India’s property market. Now that NRI investors are being catered to really well by the real estate industry, they have a wide variety of residential and commercial properties to choose from. If you are a non-resident alien (NRI) and you desire to buy properties in India, here is a quick guide for you.
Types of properties that an NRI can buy in India
Generally speaking, NRI investments in the Indian real estate market are considered no different than those of Indian citizens. However, NRIs are not permitted to buy agricultural land, farmhouses, or plantation property in India. The Reserve Bank of India (RBI) and the Indian government both need to give their stamp of approval before they can do that.
How can an NRI buy a property in India?
Hire a lawyer and a public notary from the area.
Get in touch with a real estate agent who is familiar with the neighborhood where you intend to buy.
Prepare a Power of Attorney if you won’t be present in India throughout the transaction.
Locate a property and reach a price agreement.
Your attorney will conduct research and draft a purchase agreement to ensure a smooth transaction.
Present yourself or a duly authorized representative to sign the sales contract.
How can NRI buy property in India without being physically present?
Ideally, any NRI who wishes to purchase real estate in India must be physically present at the time the purchase agreement is signed. However, their absence from the occasion requires a Power of Attorney, often known as a POA, to be executed on their behalf. A Power of Attorney (POA) lets an NRI choose another responsible party to act on their behalf in business dealings. If you are an NRI and wonder what a POA does, here is the answer:
The person who is assigned to the POA is in charge of wrapping up the paperwork and carrying out the deal on your behalf. You’ll need a current POA document in order to delegate authority to your chosen representative.
To obtain the POA document, you must visit the Indian Embassy in your current country. There, you’ll be expected to present your most recent photo ID. In the presence of the Embassy’s consular officer, the POA will be signed. Please use your left thumb to sign this paper. Once the preceding steps have been taken care of, you can submit the official POA to your reliable contact in India.
What payment options do NRIs have?
Both home loans and incoming bank transfers from an NRI bank account can be used to finance property acquisitions. The Reserve Bank of India has finally authorized NHB-registered banks and housing finance institutions to extend home loans to non-resident Indians (NRIs) so that they can purchase real estate in India. However, only the Indian rupee must be used for all financial dealings. The money will be wired immediately to the seller’s or the builder’s bank account.
As far as repaying the loan is concerned, money from an NRI’s NRO (Non-Resident Ordinary) or NRE (Non-Resident External) account or FCNR (Fixed Deposit Foreign Currency account) can be used. The non-resident Indian (NRI) can pay in full or in part without obtaining a mortgage by using authorized banking channels outside of India to transfer the funds. NRIs need to provide the following information when applying for a home loan:
Xerox copies of passports and Indian visa
If you do not have access to an Indian passport but do have a foreign passport, you may apply with a PIO card.
If either of your parents is a citizen of India, you may apply for an OCI card.
Your country’s equivalent of a work permit, job contract, or appointment letter
Latest income certificate / Payslips for the last six months
Latest income tax returns
Account statements from NRE and NRO banks for the previous calendar year
Nationality as reported to the Bureau
Power of Attorney (in case you will be absent during property dealings)
Documents required by NRIs while registering and Buying properties in India
Make sure you double-check and verify all necessary documents to ensure a seamless transaction and a trouble-free ownership experience. Basically, you need the following documents mentioned below:
Title deed (in the seller’s name)
Approved plan
Building permit
Occupation certificate (in case it is a ready building)
Older title deeds, if any
Updated encumbrance certificate
Share certificate (in case it is a cooperative housing society)
NOC from the society
RERA registration (if applicable)
Identity proofs (PAN, Passport)
Residential proofs (Utility bills)
Investing in real estate in one’s own country might be a lifelong goal. As long as you follow the rules and regulations of the RBI and do your homework to find the best offer, India’s real estate sector is always a good bet for investors. If you wish to buy or invest in real estate properties in Assam, Protech is your perfect option.
Protech Group, a major player in the Northeast real estate market, guarantees the highest quality and most aesthetically pleasing real estate properties. In case you have any questions or you’re interested in scheduling a visit, visit this page. ( URL = https://protechgroup.in/contact_us.php )
FAQs:
1. How do NRIs pay while buying properties in India?
If an NRI does not have the funds with them, it’s possible to get a home loan. The RBI has now granted permission to banks and housing finance institutions that are registered with the National Housing Bank to provide home loans for NRIs to buy a residential property in India.
2. Can NRIs co-own immovable properties in India?
An NRI can buy property in their own name or jointly with any other NRI. The property cannot be in joint ownership with a resident Indian or with those who are otherwise not allowed to buy property in India.
3. Do NRIs pay property tax for properties owned in India?
NRIs who buy a property have to deduct Income Tax at 1% if the value of the property is more than Rs 50 lakhs, and this amount has to be paid to the Income Tax Department. But, if you’re buying this property from another NRI this rate is much higher. If the property is for self-use and is financed through a home loan, the interest paid on the loan is deductible from the NRI’s total taxable income. The deductible amount is capped at Rs.1.5 lakhs and NRIs can also get tax deduction benefits on the repayment of the loan.
