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Home, the ideal investment for these volatile times

Home is the most treasured possession and the very word ‘home’ it evokes fond memories of happy moments. Buying a home is a cherished dream for one and all. It provides comforts, convenience, safety living environment for you and your family. Along with this, an appreciating home is a wonderful investment for the future security of your family. Also, it is the prized heirloom that is passed on to generations.

Home Vs other investment options

When it comes to financial investments, what immediately comes to our mind are Shares, Mutual Funds, PPF, ULIP, Post Office Schemes and Fixed Deposits and the non-financial investments include Gold and Home. Comparing with other investing options, investing in a home is relatively much risk-free and stable. Fixed Deposits (FDs) while being stable have a very feeble rate of appreciation especially with the current falling interest rates scenario. When you take into account inflation over the period, the returns on FDs are hardly useful. Gold, on the other hand, once considered as a very safe and progressive investment for Keralites, is no longer a safe option and it is considered as a dead asset by many.

Home-the best investment option in these changing times

India’s demographics are changing. The life span of people has considerably increased. Other than a government employee, we do not have social security like in western countries.
In India, one is forced to keep on working or should have substantial savings for worry-free retirement life. A growing population which is going to live longer amidst rising inflation and lack of social security definitely need a back-up plan.
In such a situation, investing in branded homes can be the most profitable and safe investment option. Apart from the living space for the family, investing in a home can be a guaranteed safety net for the future of you and your family. It can provide you with a regular monthly income to have a comfortable retirement life either by way of ‘Reverse Mortgage’ or as monthly rental income. If a need arises, you can sell it and profit from the value appreciation.
Let’s first discuss the concept of reverse mortgage. Reverse Mortgage Loan provides a regular monthly income for senior citizens of India, who have a self-acquired or self-occupied home in India. The Bank makes payments to the borrower /borrowers (in case of living spouse), against mortgage of his / their residential house property. The borrower is not expected to repay the loan during his lifetime.
Now let’s discuss how home as an investment is more profitable than FD. The accompanying table shows a real case, where the value of appreciation, the rental income gained over a period of 10 years for an apartment in Kochi and how it beats investment in FD. All the figures shown here are real.

 

REAL CASE OF AN APARTMENT AT KALOOR, COCHIN HOW RENTAL INCOME AND RESALE VALUE OF AN APARTMENT BEATS FIXED DEPOSIT
COST OF A 2183 SQ.FT* APARTMENT IN 2007 @1800 PER SQ.FT (A) 40,79,400

(reg. cost not included)

FINANCE COST- HOME LOAN FOR 7 YRS (B)  10,57,767
TOTAL COST (A+B) 51,37,167
RESALE PRICE OF THE APARTMENT  1,63,35,900
RENTAL INCOME EARNED FOR 10 YEARS   22,64,021
TOTAL RENTAL INCOME EARNED + RESALE VALUE OF THE APARTMENT  1,85,99,921
IF 40,79,400 IS PUT IN FD,  PRINCIPLE +INTEREST FOR 10 YEARS @7 % PA 80,24,797

*Apartment sold in 2019

Another noteworthy aspect of buying a home is the payment of the same is staggered over several years. There are instances where the rental income you receive is higher than the EMIs you pay. Aditionally, by paying a nominal insurance premium all future EMIs can be waived off if any eventualities happen to the borrower. Another advantage of investing in a home is that you can start living from day one, unlike investing in land or shares.  

So, from this real case above, you can see investing in branded homes is the best option for investment. But, the crucial factors that will decide the rate  of return and safety of investment are the credibility of the Builder and the brand value. So make a wise choice. Start investing in homes from a credible builder and have a worry free life.

Why Is Skyline Brown a supreme choice among other apartments in Kakkanad?

Quality, trust, and timely delivery are synonymous with Skyline Builders. With 145 housing projects launched in the last thirty years, Skyline Builders has an impressive track record of being proud of. As of date, the company has completed 135 projects and has 10 ongoing projects across Kerala. Skyline is an ISO 9001:2015 certified company that has gained a national reputation as a builder and has won several national and international awards.
Skyline Builders offers an extensive and exclusive range of homes, across major cities in Kerala. Prospective buyers have a choice of impeccably designed villas and apartments, in the prime locations of the state.

Skyline flats & Apartments in Kakkanad

The largest township project of Skyline Builders, Skyline Ivy League, is located at Kakkanad Kochi. Comprising seven super deluxe residential towers, namely Skyline Yale, Skyline Princeton, Skyline Sylvania, Skyline Harvard, Skyline Cornell, Skyline Columbia, and Skyline Brown, the township promises to be an experience that redefines luxury and aesthetics. The township spreads over an area of 8.5 acres of land.
Each residential tower in the township consists of plush, beautifully designed 2 and 3 BHK luxury flats. The luxurious apartments set in this ready-to-move-in gated community are surrounded by lush greenery. The township has proximity to is Smart City (Information Technology Special Economic Zone) and Infopark in Kochi and is easily accessible to, Seaport-Airport road, Cochin International Airport, Seaport-Airport Road making it an ideal location with huge appreciation potential.

Skyline Brown

Skyline Brown is the final tower of Skyline Ivy League township. It comprises 184 luxury apartments, in two, and three, bedroom configuration, with areas ranging from 1039 sq. ft., to 1695 sq. ft. The well laid out apartment designs, facilitating airy rooms, breezy balconies and views to the lush greenery are to provide a home setting extraordinary. The intelligently designed floor plan of Skyline Brown offers you ample cross ventilation and a very low common area ratio.

Skyline Brown

Why Skyline Brown?

Skyline Brown is an ideal home for those who are looking for a ready-to-move-in apartment project. Aspects such as the project being more affordable as compared to apartments available in city centres, easy to rent-out because of floating crowds and proximity to schools, hospitals, Infopark, SmartCity, and shopping avenues etc. make it the best investment option for NRIs and Resident Indians alike.

Location

Skyline Brown is ideally located near several prominent institutions, in and around Kakkanad. Infopark, one of the largest IT hub of Kerala is just 1.5 Km away from Skyline Brown, and SmartCity, another IT hub shares a boundary with this project. The project has proximity to Cochin International Airport, Seaport-Airport road, NH Bypass at Palarivattom, multi-speciality hospitals, Malls, ATM centres, Banks etc. Renowned educational institutions, such as The Indian Public School, Mar Thoma Public School, Vidyodaya Public school, Naipunnya Public School, Sanskara School, GEMS Modern Academy, and Rajagiri Valley are located close to Skyline Brown.

Amenities

When it comes to amenities, Skyline Brown is a class apart. It boasts of superior amenities. Fitness centre, jogging track, games room, cards room, billiards table and two squash and two badminton courts, a spa, massage centre, Jacuzzi and sauna. Exclusive children’s play area landscaped gardens, and water bodies are some of its other features. Also, the project offers luxury amenities like an amphitheatre surrounded by landscaped lawns, air-conditioned multi-purpose recreation banquet hall, two convenience stores, swimming pool, sprawling open space, poolside cafeteria, a barbecue counter, tree court, a sunset deck and much more.

Premium Features

Skyline Brown is one of the seven towers in the classy and aesthetically designed Skyline Ivy League Township. The pièce de résistance of the property is the vast open spaces that spread across 8.5 acres. The well-manicured landscaped garden and artificial-water features give it a heaven-like feel.

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Skyline Spacious Homes in Kottayam For Your Big Family

Do you dream of living with your loved one? Having a close-knit extended family? The real questions are, where to find a well-planned and spacious apartment and which is the best place to invest your hard-earned money.
Kottayam is the Akshara Nagari (City of letters/alphabet) of Kerala and rightly called so. Located in the southern central part of Kerala, the city is the centre for spices (cardamom and pepper) and commercial crops (rubber). With over 3 major print and publications houses, Malayala Manorama, Mangalam, DC Books(the largest publisher in Kerala) and Deepika having their headquarters in Kottayam it definitely rises up to its name.
Education is something one needs to consider when looking for a place to settle down. Kottayam has several great educational institutions functioning out of the city and on the outskirts. Prominent institutions like Mahatma Gandhi University, Rubber Research Institute of India and Government Medical College are situated in Kottayam.
Ilaveezhapoonchira, Vembanad Lake and the tourism capital of Kottayam, Kumarakom adds to the charm of the city. With art, literature, and nature coexisting in great harmony, Kottayam comes out as a great choice while deliberating the ideas of getting a house of your own.

Few things to consider while planning a home in Kottayam

  1. Kottayam is a perfect location to settle down – with myriad options of wonderful place and great housing projects, you have a lot to choose from. Do your research and fix the place according to your priorities.
  2. To buy or to invest – Kottayam has the best of both worlds. The place offers a very calm and quiet environment also it all the social facilities that modern life needs. Kottayam also has a high potential for appreciation. Skyline offers various housing options like luxury villas and apartments in prime locations of the city. Based on your plan you can choose your best address from Skyline Builders.
  3. Connectivity – Whether you choose to buy or rent it out, the prime focus area should be the connectivity to amenities and facilities like educational institutions, healthcare institutions and places of worship. All Skyline projects are situated in the prime locations of Kottayam.
  4. Track record of the builder: Choose a home builder with good experience and credibility in the real sector. Before buying you should check the construction expertise of the builder and their years of existence. This will give you an idea of the type of projects, quality of construction specifications etc. Skyline Builders has the track record in delivering best homes in Kerala.

Why Skyline Builders?

Skyline builder is the trusted name for over 30 years. Choose Skyline if you are looking for a builder whom you can blindly rely upon because they would choose the right location and construct your perfect home. Skyline Builders take pride in providing an impeccable commitment to each one of their projects. If you are an NRI, look no further as Skyline is in a separate class altogether when it comes to providing a living space with International Standards. The ideology of Skyline is “From our family to yours”.

Skyline Luxury Homes in Kottayam

Skyline’s two major ready-to-move-in luxury projects that top the list of Kottayam’s real estate market are Skyline Exotica and Skyline Oasis.
Skyline Exotica – Skyline Exotica is the premium luxury apartment project located at Devalokam, Kottayam. The projects consist of 3 and 4 BHK flats. This elegantly designed ready-to-occupy-flat has just 2 apartments per floor. It has an equally impressive interior that each apartment has 3 hanging balconies which offers a spectacular view of Devalokam.

With extensive open greenery, Skyline Exotica has professional landscaped and vast open space. The intelligent design of this project offers spacious apartments with ample ventilation and natural light. Another feature of this project is it has a distinctly earmarked servant’s room in each apartment with separate entry from the lift landing. This room consists of a sleeping space and an attached toilet.

This premium luxury apartment project is cocooned from the noise of the hustle and bustles of the city, but very close to all social facilities. Also, it offers a host of luxury amenities that keeps your leisure refreshing and rejuvenating.

Skyline Oasis – Skyline Oasis is a splendidly laid out luxury villa project set amidst green meadows with lush green rubber plantation. This ready-to-move-in luxury villa project is located in the most tranquil living environs of Kottayam, Sankranthi. Tucked away from the hustles and bustles of the city, this villa project has proximity to all urban civilization that includes numerous multi-specialty hospitals, educational institutions, shopping centers, etc. Skyline Oasis is well connected to Kottayam’s other areas of the city.

Skyline Oasis accommodates luxuriously crafted 30 villas of 3 and 4 BHKs. The villas are designed perfectly, to provide you with a peaceful living atmosphere. This project has been awarded the ‘Best Group Housing Villa Project’ by the Indian Institute of Architect, Kerala Chapter.

Skyline Oasis offers a well-appointed clubhouse with luxury amenities such as a swimming pool, games room, multi-purpose recreation hall, fitness center, etc. We invite you to come and visit the villas and feel the architectural symphony.

Owning a second home

Benefits of Owning a Second Home

Though there are choices galore for investment, buying a second home has emerged as one of the lucrative financial options. Real estate sector is a favourite of investors for its twin benefit of rental income and a high potential for value appreciation. Hence, owning a second home is a recommended option to secure your future.

Listed below are the few benefits of having a second home:

Steady rental income

One of the most obvious benefits of buying a second home is its steady rental income. The rental yield on a second home depends upon the category, the location and possibility of renting out the vacant units. If you are buying a home from Skyline Builders, who gives utmost importance to location, locality, amenities, etc. the potential for rental income is high. 

Investment  

A second home can be considered as a safe investment for your future and emergencies. Real estate has the potential for value appreciation over a long period.  But before investing in a second home, check the credibility of the home builder. If you are investing with Skyline Builders, you can easily find your second home in most sought after location with easy accessibility, proximity to all major convenience, serene and environment-friendly atmosphere. Skyline projects have recorded steady value appreciation

Skyline Builders has an impeccable track record of value appreciation. For instance, if you had invested 12 lakhs at the time of launch in Skyline Springfield Villas, Kochi, it would have appreciated to 2 crores now. To see the value appreciation of each project across Kerala click the link here https://www.skylinebuilders.com/appreciation-chart-kochi/

At Skyline Builders, our dedicated Home Care Department provides, rental and resale services exclusive for our customers. The Home Care Department will arrange appropriate tenants and high-value rentals for the homeowners, while our highly skilled professionals help in getting the best deal for the property.

Also read, Major Financial Benefits of Buying Home at a Young Age

 Income tax benefit

If you are buying a second home on a home loan, you are eligible to avail tax deductions on it. Under section 80C, the principal amount repaid up to Rs. 1.5 lakh will be deductible. Additionally, you can get a tax deduction up to Rs 2 lakh, on the interest component. 

Holiday home/ Retirement home  

Second-home can be used as either be a holiday or retirement home. If you are buying your second from a prominent builder, you will get a plethora of luxury amenities like swimming pool, games room, fitness centre, spa etc. that helps you to rejuvenate. Skyline Builders provides luxury amenities in all its projects. To see the details of luxury amenities of all ongoing projects, visit our website, www.skylinebuilders.com

 

benefits of buying home at a young age (2)

Five Major Financial Benefits of Buying a Home at a Young Age 

What is the ideal age for buying a home? Buying an appreciating asset like home is one of the biggest investments when compared to other purchases. Earlier the investment, the higher will be the opportunity for potential returns. If you are planning to buy a home early in your career, here are the benefits.  

Longer home-loan tenure 

EMIs for home loans are calculated based on the loan amount, tenure and interest of the loan. For longer home loan tenure, the EMIs calculated will be lower. Also, young borrowers can get a home loan with tenure of 25 to 30 years. Moreover, it gives youngsters enough time to choose the best home rates available in the market. 

 Eligibility 

Young borrowers are eligible for higher home loans. The lending bank will examine salary certificates, CIBIL score, credit history, age, liabilities and similar other parameters. Also, the eligibility for home loans depends on the income and repayment capability of the borrower. The expenditure pattern and other liabilities are comparatively less with young borrowers. 

Tax benefit 

 Home being an appreciating asset, investing in it is a more sensible option than paying monthly rent. By repaying the loan, homebuyers can claim tax benefit, which gives a financial advantage. Under Section 24 of the Income Tax Act, you can claim up to Rs 2 lakh per financial year on the interest paid on your home loan. And under Section 80C, you can claim up to Rs 1.5 lakh per financial year on the principal repaid.

 High Return on Investment

It is a proven fact that the value of real estate investment will increase over time. For example, the launch price of Skyline Springfield Villa at Cochin was Rs. 12 lakh, it has now appreciated to Rs. 2.1 crore.

Financial discipline 

Above all, a young buyer will be financially disciplined. He will learn how to save and spend his hard-earned money wisely and effectively. It will give him a sense of responsibility.  

 

Different types of Home loans in Kerala - Skyline Builders

Different types of Home loans in Kerala

As the famous quote goes “home is not a place, it’s a feeling”. Once you have decided to put down your roots in your favourite city or your hometown, owning your dream home always remains the key milestone.

So what do you think are factors that provide more financial independence to the home seekers to make their dream a reality? Can the increased per capita income post IT revolution and dual-income alone equip them? Well, we all know that the answer is ‘No’.

Home loans are the superheroes that have come to your rescue. Home loans give the homebuyers more purchasing power with sufficient extra funds to make one of their biggest financial decisions.

Various banks and financial societies have come up with different types of home loans in Kerala to cater to the various requirements of different homebuyers. Knowledge of different types of home loans helps one to choose the best fit for them.

The different types of home loans are:

Home purchase loans

Home purchase loans or home loans are the loans offered to individuals for purchasing a new home or pre-owned home. Different banks and financial societies provide different interest rates, normally ranging from 8.5% to 9% for home loans. Some offer a fixed or floating interest rate, which gives us the flexibility to choose according to our regular and fluctuating income sources. In most cases, home loans are offered to buy ready to move-in, under construction or undergoing restoration and extension properties.

Skyline Builders with 147 projects across Kerala have partnered with prominent banks like HDFC, SBI, ICICI, Axis, Federal, Canara Bank and Corporation Bank to make it convenient and easy approval for their buyers.

NRI home loans

NRI Home loans are specifically designed to cater to the Non-Resident Indians who are interested in buying their dream apartments in Kerala. This loan is a variant of home loans with a few add-on procedures, documentation and formalities. NRIs who are employed abroad for more than six months can avail NRI home loan.

Balance Transfer Loans

Also known as ‘take over loans’, this loan offers the applicants the flexibility to change his/her home loan from one bank to another for many reasons which include dissatisfaction with the current loan provider, lower interest rates or services by other banks etc.

Home improvement loans

Home improvement or renovation loans are availed by those who already own a house, but require extra funds for interior and exterior renovations. The renovations and repair works include internal and external painting, electrical work, water-proofing etc.

Home construction loans

This type of loans caters to applicants who want to construct a house on a plot owned or co-owned by them. Home construction loans are approved based on the rough estimate of your home construction cost. There are certain prerequisites to get the approval for this loan.

The plot or land should have been bought or transferred to the applicant’s name within a year.
The documents required to be submitted for this loan includes the sales deed, approved building plan, and NOC from the respective authority. Banks have the authority to freeze the loan amount in case of any change in the submitted plan or any violation of the law.

Land purchase loans

Land Purchase loans or plot loans are offered to individuals who want to buy land or plot for residential construction.

10 COMMON MISTAKES IN HOME BUYING

As someone searching for a new home, you sometimes have an overwhelming amount of options. Umpteen locations, hundreds of builders and developers, and thousands of home options to choose from. There is so much to look at, sift through and decide. Here are ten pitfalls you may fall into.

1. Not doing your homework

Always keep the old maxim in mind: ‘knowledge is power.’ Nowhere is this truer than in real estate.

A lot of things can affect a home’s value. It is primarily location; then comes the design, amenities, the credentials of the builder, and of course the price.

It is imperative that you do your homework before you start.
With all of the information available through friends, advertisements, on the internet, and online social media, there is really no excuse for entering the process ill-prepared.

2. Trying to make a shrewd investment

Someone from your friendship circle might have made a fortune by investing and selling it at a most opportune time on completion. But, you should bet your hard-earned money only on feasible projects, trusted builders, and without any bias on minting money as you wish. Your motivation for buying a new home should be either to meet your family’s need or as a proud possession for your kids in the future.

If a home doesn’t appeal to you, then chances are others won’t like it too.

But if you choose a neighbourhood where you want to live, choose a home that matches your aspirations and a builder who has a track record in executing quality projects on time, you won’t go wrong. Otherwise, if you want to be known as a shrewd investor, wait at least three to five years before selling.

3. Choosing a poor location

At last, you found your dream home! It is close to good schools, commuting made easy with good road and access to public transport, the elevation looks stunning in the picture, the floor plans suit your family needs, and the price seems to be right.
The few drawbacks include that the locality is slightly notorious, there are some perennial water, and power shortages and the vehicular traffic and noise levels are a bit high. Walk away. Nothing spoils life and resale value like a poor location. The crime rates will rise higher, and the traffic will only get louder and more frequent. Not to say of other infrastructural deficiencies.

4. Overlooking an inferior floor plan for an attractive exterior

The frills and fancies on the elevation or the grandeur of the gate cannot compensate for a poor floor plan or inferior space layouts.

If this doesn’t continue after you open the door, there you’ve got a problem that will be difficult to unload. You want a place that makes home-coming the best part of your day.
It ought to have a layout that makes your family feel comfortable, one that responds to the way you live today– open, friendly and functional.

5. Not considering how your family wants to live

You have a mental picture of your dream home you cherished for long. You have seen homes in movies and in designer magazines and on the internet.

These images seldom fit the way you really live.

Your home needs to fit your family. Your comfort and happiness depend on how well you can judge that fit.
While buying a home, you need to think about the kind of neighbours you will be having. Always go for a project that offers you a host of amenities that keeps your leisure hours refreshing and rejuvenating.

6. Not having the home properly inspected

When you find your dream home, it is very important to look over the property. Right from the location and neighbourhood to the quality and workmanship of the materials, you should have a hawk’s eye.

You need to go through the quality of the design, the endurance value of the structure and the services ensured by the builder etc. The most reliable method is to trust a professional builder and visit their past projects, check their track record on delivery etc.

7. Failing to check the builder’s reputation

When you search for a new home, you will probably have a preference for location and you would eventually shortlist a number of builders who have projects there.
Rather than making an emotional choice of location, you should be rational. You should look at your proximity to urban conveniences and the development potential.


Look for a home design that appeals to you. Once you have narrowed your search to projects and builders, take a hard look at the builders.
How long have they been in business? How many homes have they sold? What do their homeowners think of them? How many homeowners would buy from the same builder again? What industry recognition have they received? Do they have dedicated departments for Customer Care and After Sales Service?
If you get answers to these questions, then you can easily decide to buy.

8. Not getting what you want because you are impatient

There are a lot of things you can rush into and recover from later. But this does not include buying a new home. The single largest investment most of you ever make is a home. It requires an enormous amount of energy, effort and research. It takes time to do it right.

You need time to do your homework. You have got schools to check for children’s admission, home finance to shop for; neighbourhoods to match your status and above all, you need to check the builders’ reputation. A professional builder has a reputation for safeguarding. Go for the builder rather than the project features. Most probably one will be having the right project at the right location if you wait a little longer.

9. Buy low. Sell high.

Here is the best advice about when to buy a home. There is no time like the present. Who can predict the future? The best we can do is to learn from the past.

History shows that those who purchased home and kept them for a few years did better than those who didn’t. Will interest rates be lower on home finance someday? Maybe not. Will home prices ever be significantly lower? Probably never.

10. And the biggest home-buying mistake… postpone it indefinitely.

Not buying at all. No place to call your own home. No control over your earnings and savings.

No social security or status to fall back on. No value appreciation of your assets. No place to show off to your friends and relatives. You will remain only a dreamer without a dream home.

Factors you should consider before choosing a home builder

Choosing the right builder plays a vital role while buying your dream home. Here are some essential factors you need to check while choosing the right builder.

1. Check the track record of the builder

Choose a builder with good experience and valid track record. It is vital to check the construction expertise of the builder and their years of existence in this field.  This will help you understand the type of projects they have, quality of construction, specifications, on-time delivery and the latest technology they implemented for construction.

2. Post Sales Services

Before signing the agreement, it is important to check the post-sales services of the builder. Ideally, you can avail the service of post-sales from the moment you book an apartment with the builder. This includes the periodic updates of the project, helping to select the home loans of your choice, maintenance of the delivered till the formation of the resident association.

3. Visit the completed project of the builder

Seeing is believing! Visit some of the completed projects of the builder and directly interact with the residents about their experience about the builder. You will get the real picture about the quality of the projects they are delivering, amenities provided inside the project, layout of the project, etc. After visiting the past projects, you can evaluate and validate the claims of the builder.

4. Check the builder’s industry association

Make sure that the builder is a member of reputed builders association like Confederation of Real Estate Developers Association of India (CREDAI) or Builders Association of India (BAI).  These associations provide certain rules and regulations that are mandatorily followed by the member builders. The builder who violates the rules will be blacklisted.

5. Check the builder’s website and social media

Website of a builder is one of the major resources of information. Check the information such as their current projects, completed projects, location, amenities, upcoming projects, awards, customer testimonials, etc. You can also track the property appreciation of their completed projects.

6. Check the Awards and certifications

A good builder is always bestowed with numerous prestigious awards for their efforts. A builder with ISO 9001 certification indicates that they ensure quality in their projects and services. Also, check the CRISIL grading of the builder.  DA2+ is the highest grading given to any Kerala builder. The builder who constructs environment-friendly green building projects should be a member of the Indian Green Building Council (IGBC).

7. Real customer experience

To know real customer experiences you need to interact with a few existing customers of the builder.  A good builder will display their customer experiences on their website and social media platforms.

Guide for NRIs to sell inherited property in India

Many Non-Resident Indians (NRIs) have properties in India which they inherited from their parents or ancestors. Most of the time, they want to liquidate it. For NRIs, who had left India for so many years ago, may not be aware of the procedures of selling the inherited property.
Here are the procedures that an NRI should go through before selling the inherited property.
Step 1: Transfer the title of the property to your own name
The foremost thing you need to do after inheriting the property is transferring the title of the property to your own name. This process can be done by ‘mutation of revenue records’. For this you need to have a copy of the registered will or deed of partition, in case you haven’t possess these, you need to obtain the death certificate and apply for legal heirship.
Step 2: Arrange all the documents
After you got transferred the title of the inherited property, put together all the documents that need to sell the property. Here are the documents you need to sell.
1. Original title deed
2. Encumbrance certificate for the last 30 years
3. Possession certificate
4. Latest land tax receipt
5. Location sketch
6. Prior deed
7. Latest building tax receipt
8. Occupancy certificate
9. Approved plan
10. Id proof and address proof
Before getting into the actual process of sale, you need to identify the sale value of your property. Here you can seek the help a professional firm or you can do it by yourself after researching the market. While selling your residential property, NRIs should aware of the tax implications such as short and long term capital gains. When an immovable property is sold after a period of 2 years of its purchase is taxed at 20.8 percent. For inherited properties, the date of purchase of the original owner is considered for calculating the capital gain.

Documents needed for an NRI to transfer title of an inherited property to his name

A Non-Resident Indian (NRI) can inherit any type of property in India. This includes residential, commercial and agricultural land.
Let’s check out what are the documents required for an NRI to transfer the title of inherited property to his name.

Deed of Partition

If there is a partition deed already executed among the family members who had inherited the property, based on the said deed each individual will get his share. Thereafter each shareholder can get the property mutated in his name
If there is no partition deed among the family members, after the death of parents/ relative the legal heirs will be entitled to get the property. This happens in case parents die intestate (without executing a will). The legal heirs will have to apply for a death certificate of the deceased father/mother. After obtaining the death certificate, application for legal heirship certificate has to be submitted before concerned Taluk office. The Tahasildar after seeking a report from the village office will proceed further and take steps for gazette publication. Based on this legal heirship certificate will be issued to legal heir.
To prove the title, following documents after mutation are required
1.    Land tax
2.    Possession certificate
3.    Encumbrance Certificate for 15 years
4.    Location sketches of the property

 A registered Will

If the parents have already executed a registered will, then based on this will, after the death of executant the property will come to the hands of beneficiaries mentioned in the said will. To prove the title, the death certificate of the executant of will is required.

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Skyline Builders Real Estate group offers you Luxury Apartments, Villas, Homes and Flats all across God's own country – Kerala, India. Skyline Builders™ is the #1 Builders in Kerala. Skyline invites you to join our ever-growing community of satisfied customers... into a world where dreams do come true... where unmatched quality goes hand-in-hand with affordable rates... where aesthetic beauty in a clean green environment is coupled with all the essentials for practical living... an investment that is a celebration of your success. The Skyline Group has been in existence since 1980 and Skyline Builders™ is the flagship unit of the group. We provide luxury villas and apartments across Kerala esp. in Kochi (Ernakulam/ Cochin), Thrissur(Thrichur), Trivandrum(Thiruvananthapuram), Kottayam, Kozhikode (Calicut) and Kannur. With the IT boom in full swing, Skyline Builders is providing housing facilities near Infopark-Kakkanad and Technopark- Kazhakkottam.

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