Non Resident Indians (NRI), who left India many years ago do find themselves amidst troublesome situations after they inherit their ancestral properties. Punjab, which is one of the most developed states in India, is also home to many Non Resident Indians (NRI). There have been many instances of Non Resident Indians being duped in India, while trying to sell their property. Incidents have also come to the fore wherein, people have occupied properties of NRI’s illegally, taking advantage of their absence. Many such properties are involved in long legal disputes over ownership and Punjab is no different from other states.
Selling Property In Punjab
Selling and managing inherited property in Punjab can be a difficult job for the NRI’s because they are not aware of the system involved in the sale and management of property in India. There are many professional real estate firms and agents, who have years of experience in this sector and have not only successfully settled such property disputes for their clients but also helped them in selling it. They also manage the property whichever way the client wants. These real estate agents know the area properly and also the ever changing market prices. The price range varies from place to place and sometimes it differs in the same locality as well. There are numerous obstacles in the way of selling a property such as the language, and the official documentation or paperwork of the property. The real estate agents make these obstacles easier for you in a very orderly manner. Such property related issues demand a lot of trust and expertise in the field, so outsourcing this responsibility to an experienced and licensed real estate firm instead of banking on family and friends is advisable. A wrong decision may trap you into years of legal dispute. Even though India is going through a drastic economic growth, the NRIs are easy targets as they are considered to be rich and unaware of the do’s and don’ts of the country, while making such property related deals, especially in the rural or small towns of India.
From the discussion above one can clearly make out the point that it is important to seek for professional assistance in India or Punjab for that matter in-order to sell and seal any real estate deal. This will also help you to expedite the process because the professional expertise of these real estate agents will not only make your experience a good one but also find you a very satisfying and fair deal.