New Delhi, Nov. 26 -- Parag Chaturvedi, 55, a chartered accountant who lives in a New York suburb north of Manhattan, owns a couple of properties in India. For him, the most confusing aspect of purchasing a property in a large project was navigating the voluminous sale agreement.
He spotted a clause he disagreed with, but the builder declined to make any changes, stating it's a standard contract in line with the Real Estate Regulatory Authority (RERA) rules. Chaturvedi's workaround was to insist on a written email confirming that interpretation before signing.
For non-resident Indians (NRIs), buying a property in India can be a complex affair, involving dense legal paperwork, state-specific regulations, and a level of due diligence that...
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