Non Resident Indians Not Happy with Complaints regarding Property
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Non Resident Indian constitutes a major share in India’s Investment. However, now they are facing lot of problems because the deals are not in their favor and added to this there are illegal invasion and unplanned construction, which is hampering them, big time. As per the source of www.propertykhazana.com, Satyam is suffering from various financial problems and Maytas, the property of Satyam, curiosity among the investors has increased. Furthermore, the disputes regarding assets are the one of the primary complaints by the NRI’s. According to the senior Congress leader Vayalar Ravi, “Most of the NRI’s are not able to protect the property because of lack of knowledge”.
The complaints are coming from real estate big wigs like Bengaluru, Delhi, Mumbai, Andhra Pradesh, Kerala, and Punjab. The area of concern is due to the protection of assets, which has been invaded by foreign parties. There has been tremendous fight relating to assets and the person who will become the owner of the assets. Speaking to www.propertykhazana.com, Minister said, that he advised the state government to appoint the officers for the police, civil and judicial matters.
The ministry is also planning a session on the assets disputes at the Pravasi Bharatiya Diwas in January 2010. The aim is as follows: To allow NRI to invest safely, putting an institutional mechanism for property disputes and providing good information regarding property laws and laws of succession. For more interesting updates log on to www.propertykhazana.com.
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