Vikas Rikhye, Real Estate Blogger

By virtue of making high investments in India, it ha become imperative on the part of NRI investors to guard their property against all odds and also to remain updated with trend of the market/area they have invested in. The real estate updates can really help their decision making in terms Exit, Leasing or reinvestment.

Besides, the marketing trends, the NRIs should be constantly aware of changing law/rules in terms of taxation/repatriation of funds as well forthcoming government policies.

With some of the reasons as stated above it generates the need of an professional & authentic opinion from either qualified experienced individuals or may be small, but professional Property Management company with following desired features:

• Preferably qualified team of professionals, experts in their respective fields lake Real estate, Taxation, Legal affairs , having an ability to deliver desired results in a time bound schedule.
• Such a team could be outsourced, that conforms to trust & credibility level by virtue of the experience & updated knowledge.
• Transparency in working, maintaining the privacy/ secrecy of the client & fulfillment of commitment remain the basic fundamental criteria.

It has been observed that in recent past, taking the advantage of aforesaid need, quite a few companies have immerged in India as “Property Management Services for NRIs” making a tall claim of service providers for NRIs countrywide. It has also been observed that some of such companies are inviting NRIs on the basis of annual membership. Without having any doubt about the integrity of such companies it is advisable that before being carried away by impulsive derision one should cross check the infrastructure, ability & capability of such companies.

Moreover , while choosing a right kind of service provider, the focus should be made on local service provider ,where the property is located, as by doing this one is not only reducing the rick of any ambiguity, but also increase the chances of more effective results because of locally available resources of the Service provider.

Vikas Rikhye, Real Estate Blogger

Property Management in India, has acquired the status of highly professional field. In the beginning , the scope was limited to Big Buildings or large institutions , but over a span of time it has gained momentum to an extent that individuals are looking for specialized professional agencies who could take up the total responsibility of property management.

Moreover the “Property Management Services” are much needed in the townships like Gurgaon , that has witnessed unexpected overall progress and the where most of the property owners are either busy executives from corporate world, or the owners are NRIs

Besides the rapid change in lifestyle & paucity of time the following factors add on to the need of Property Management Services:

• Sourcing of right person/ services to accomplish different tasks
• Reliability factor of task to be accomplished in a time bound schedule
• Assurance to perfect execution of task
• Renting / leasing
• Real estate trend awareness
• Real estate counseling on matters like Finance, Taxation & Legal issues

On the internet as we see numerous sites claiming NRI Services, but , most effective would be those which are “locally based”, with professional background, having ability & resources to deliver the results in a time bound schedule of commitment.