Real Estate Web Blog » Property

Can sale proceeds of such property be remitted out of India?

admin — Mon, 18 Jul 2011 04:17:06 +0000

Yes. Repatriation of original investment in respect of properties purchased by foreign citizens of Indian origin on or after 26th May 1993 will be allowed to be remitted up to the consideration amount originally remitted from abroad provided the property is sold after a period of three years from the date of the final purchase deed or from the date of payment of final instalment of consideration amount, whichever is later. Applications for the purpose are required to be made to the Central Office of Reserve Bank within 90 days of the sale of property in form IPI.

Orlando Vacation Home Boom

Alison Cole — Wed, 23 Jun 2010 06:41:47 +0000

Vacation home rentals have become a huge business in recent years, especially in Orlando. For families, groups of friends, or even groups of families visiting the parks, staying in a hotel simply isn’t cost-effective. Booking two or three hotel rooms for your group costs a fortune, not to mention the overpriced food and drinks you’ll find. In a vacation home, everyone can stay under one roof for a lot less, and in perfect privacy: some villas contain upwards of seven bedrooms, not to mention private pools. Many even have game rooms set up, with pool tables, foosball, and air hockey. And because of the real estate crisis, which hit Florida particularly hard, there are more houses than ever for rent, at highly competitive rates.

“There are plenty of vacation homes on the market thanks to the recession. Travel is down so more owners are putting homes on the market to make a little extra cash or as a last ditch effort if they can’t sell. That has made for a very competitive market. Renters will see lots of sales and discounts,” stated Kelli Grant, Senior Consumer Reporter for CBS’s SmartMoney.

Lately, private investors, entrepreneurs, and real estate developers are all moving in to take advantage of Orlando’s unique status as theme park capital of the world. If you’re in the market for an Orlando Vacation home, expect heated competition, lots of selection, and a wide range of prices sure to fit all budgets. You really get a lot for your money, regardless of what you decide to rent.

Moreover, choosing a vacation home has another key benefit over traditional hotels: freedom. Cook your own meals in a fully-equipped kitchen. Purchase drinks at local supermarkets instead of paying bar prices. Go anywhere you want, anytime you want–get the most of what the area has to offer.

In turbulent times, hardships often yield advantages–if you know where to look. And if you’re in the market for a great deal on your next vacation to Disney, Universal, or SeaWorld, look no further than an Orlando vacation rental, with a private pool, fully-equipped kitchen, and all comforts of home.

Building a New Home

Alison Cole — Wed, 03 Feb 2010 09:55:50 +0000

When you are building your home you should always keep in mind the look or feel you would like your new home to have. If you are unsure of the style you are hoping to achieve, look through magazines and visit different websites to help you determine just the perfect look.

There are many different resources online to help you find just that perfect look. It is also a great way to find unique items that you might not find in your run-of- the-mill home improvement stores.

The bathroom is a great example of a room that you can use online resources to purchase unique and practical bathroom fixtures and accessories. Many people do not realize that you can purchase all of your bathroom fixtures online. The advantage to this is that there is usually a larger selection to choose from, but it also makes for a time efficient shopping experience. The selection of items available online is also quite often different from what you will find in your local stores which can help you find items that will make your bathroom totally unique to you. It also a great way to locate hard to find specialty bathroom items that you wouldn’t be able to find anywhere else. This can apply to just about any room in your new home.

Finding just the perfect look for your new home is not that difficult and can be done from the comfort of your own home thanks to the availability of the internet and the many sites with unique and practical items for your new home.