17 Nov NRI’s having Property in Bangalore are Relaxed. How ?
Amidst all the rigors of life, NRIs have a major problem that keeps them worried; and that’s their property back home in busy cities such as Bangalore. Coordinating from a long distance is a pain in the neck and calling people in the IST time can be a daunting task.
Gone are the days of taking help from a relative back home or someone from abroad to arrange for a short trip to India to sort out the deadlock. Anyhow, a visit once in a while to India seemed imperative to check if everything was fine with the property that had so many sentiments attached to childhood days.
- Even a simple task like disconnected utility service can take days, but by engaging a NRI property management service in Bangalore, such matters can be solved within a flick of a second, literally, and that too at minuscule costs.
- At quite an affordable cost they can do everything from chasing tenants, fulfilling all the paperwork, paying quarterly visits and undertaking complex renovations in an expert manner it deserves.
- Many property management firms have started a trend of offering free and complete inspection report about the health of the property, the rental value, scope for refurbishment, and its performance viz-a-viz other properties in the area etc. They also provide consultancy on how to improve the value and the rent reaping capacity of the property.
- At a fixed cost, they do all from taxes, legal documentation, hunting for tenants, housekeeping, repair, inspection work, pest control, painting, plumbing job etc and provide a complete peace of mind. Though some of these services may be excluded from the annual package.
As a thumb rule, it’s advisable to go with a professional firm that is known to offer professional property management services in Bangalore and has sole motto is building relations and considers client satisfaction as their top priority.
Present investment is scattered mainly in the metros like Delhi NCR, Bengaluru, and Mumbai. Most of the market is unorganized so far, but companies like Propdial and EWDPL are trying to introduce an element of professional functioning. According to a recent report, the real estate sector is one of the most globally recognized sectors.
Indian real estate is the 2nd largest employer after agriculture.The sector is slated to grow by 30 percent over the next decade and this is directly linked to the need for more such professional property management firms who can serve the NRI customers better.