Investors making a beeline for foreign properties must be mindful of rules

With Indian real estate, especially its residential segment, caught in a prolonged slump, high net worth individuals (HNIs) are increasingly gravitating towards foreign markets. Knight Frank, a real estate consultancy, had recently reported a rise in the number of Indian home buyers in the London market. Indian HNI investors are also making a beeline for properties in the US, Canada, Australia, the United Arab Emirates (UAE), and so on.  Alongside, the Income Tax (I-T) Department in India has also become more vigilant about tracking foreign transactions. India has signed the double .....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.