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About Us

With the motto of ‘Trust Redefined’, Octopus Estates comes as a breath of fresh air in the world of property management. Headed by Subramanyam Krishnamurthy, Octopus Estates doesn’t sell catalogue services to its clients. Rather, it gives them honest products on the basis of trust.

With the ISO 9001:2015 accreditation, Octopus Estates provides a hassle-free service to all its clients and even has a special programme for non-resident Indians (NRIs). Like our motto, our services are honest, trust-worthy and crafted to the specific requirements of an NRI homeowner. 

Founder and CEO, Subramanyam Krishnamurthy has immense knowledge and expertise regarding adopting procedures, service delivery and standards. As a result, we are the best-structured platform for NRI property management services in Bengaluru.

The services that Octopus Estates currently offers in Bengaluru to NRI's

Property management

Renting out or just managing one’s property in Bengaluru can be quite a hassle for an NRI. Your hard-earned money cannot be wasted on a poorly-managed home especially when you cannot physically be there. Hence, it must be protected and actively handled by appropriate professionals. Whether you have a property in Whitefield, Banashankari, HSR Layout or Electronic City, Octopus Estates is the best real estate agency in Bengaluru. For a hassle-free experience, opt for our property management services, which will cover:

  • Free tenant search, background verification, onboarding of tenant into the flat and security-check app
  • Periodic home inspection and inventory report
  •  On-time rent deposit into your account
  • Free rental agreement
  •  Dedicated tenant manager
  • Manage basic repair and fixes
  • Property documentation
  • Khatha

Home Loans and NRI Mortgages

Octopus Estates goes all out to serve those who need a mortgage. There are two steps to this:

  1. Apply for a loan if you meet the requirements.
  2. Apply for a home loan or mortgage.

If you are a non-resident Indian (NRI) who is looking for a comprehensive guide on investing in India, Octopus Estates is always at your service. An important part of purchasing a home in Bengaluru, India, is learning about the legal procedures involved in the transaction before making the final selection.

NRIs should be extra cautious since they are thousands of miles away and do the following checks to make the right decision:

  • Verify the property’s title.
  • Make sure you are dealing with a reputable vendor.
  • Verify the use of the property, building permits and occupancy certificate.
  • Ensure that all taxes, mortgages, and other liabilities are paid on time.
  • If possible, go for an in-person visit.

Documentation and Legal Services

Buying a property in Bengaluru is a pricey venture. In the event of a legal error, the consequences might be alarming. As a result, maintaining caution and thoroughly reviewing all the relevant documents before signing the contract is critical. Make sure to check out the following documents before purchasing a property:

  • Deeds of trust
  • Permission for land use
  • Certificate of occupancy
  • Approval of the building project
  • Certificate of lien obligation
  • Receipts of tax payments

Purchasing a property is one of the most significant financial decisions you will ever make and your money is best spent on a property that isn’t mired in litigation. So, it’s highly important that you are careful of dishonest sellers. With the legal experts of Octopus Estates, you can be rest assured that your money is safe and you don’t have to worry about the legal aspects of your home purchase if you work with us from start to finish.

Here is all that we do to smoothen your journey into real estate in Bengaluru, India. 

  • We help ensure that the title deed is free of ambiguity about ownership.
  • We help prevent documents from being falsified or faked.
  • We help complete the sale deed and facilitate the seamless transfer of ownership.
  • We also help check whether the property has any outstanding debts.
  • In the end, we make the process of purchasing a property as easy as possible.

Buying or Selling of Home

Octopus Estates makes the process of buying or selling a home practically a cakewalk. If you are looking for a place to call home in Bengaluru, we may have the right investment for you. With us, you can rent or sell a property in three simple steps:

  1. Register 
  2. Post property details
  3. Receive inquiries

Before your property photos are posted online, our professionals run a series of quality checks. Here are the instructions for uploading a picture:

  • ‘JPEG’ and ‘PNG’ are the picture formats that are supported.
  • The file size should be between 10 kb and 10 mb.
  • Each property listing may include up to 50 photos.

Home Inspection Services

Any time you are thinking about developing real estate or even just putting your property up for sale, you should consider getting an inspection done. With Octopus Estates, the process of home inspections becomes extremely simple. Our home inspection can save you a lot of time and money, as you can- 

  • Discover serious defects before taking possession
  • Protect your investment
  • Make sure you get what you pay for
  • Ensure the safety of your family from serious household accidents.

Construction

No matter how big or small your project is, you can count on the assistance of the best real estate agency in Bengaluru. Real estate and construction-related compliance and consulting services are our forte and we have all the construction experts under one roof, including architects, contractors, interior designers and renovators. 

Contact us today to learn about all our projects – ongoing, completed and recent ones.

Property Tax

It is the responsibility of the owner of the real estate to pay a certain amount of money each year to the local municipality or Government of India in the form of tax. If you have any queries related to property tax, including what are the types of real estate and taxes in India, how it is calculated, how to pay, what interest is levied on it, or how to claim the exemptions from property tax, get in touch with the experts at Octopus Estates today.

Property Verification

Protecting your property, renters and neighbors is a top priority as a property manager, owner or member of a homeowner association. To ensure that you only rent to suitable renters, we also offer property verification services.

Wondering how you can verify your property with us? An expert photographer from Octopus Estates will come to your property after an appointment has been set with the company. After that, they will take high-resolution photos of your property. After that, they will check the property’s details and post the images on the website. Finally, the property will be tagged as ‘verified’ on Octopus Estates. Don’t worry; we will let you know about every document required for property verification.

On the other hand, a property lawyer from Octopus Estates will need to verify the following documentation, depending on the sort of property you are purchasing:

  • Sale deed in the name of the present owner
  • Agreement to sale
  • Will
  • Partition deed
  • Mutation deed
  • Development agreement
  • Sanctioned plan
  • Encumbrance certificate
  • GPA/Power of attorney
  • Property tax receipts
  • Proofs of payment made to the builder
  • Any other property-related documentation you may have.

Vacant Site Services

There is a great potential for transformational interventions in underutilized, vacant, and brownfield properties, which we examine in our work. Our vacant site services include a property dashboard, geotagging, boundary marking, property photos, periodic cleaning, market guidance, selling assistance, property development advisory, quarterly video log, live video on demand, encumbrance certificate, and assistance in legal services.

Contact The Most-Trusted Real Estate Agency for NRIs Today!

NRI property management in Bengaluru can be riddled with challenges. At Octopus Estates, we are well-versed with the difficulties NRIs have in managing their possessions, particularly when they go across nations and spend a significant amount of money only to secure their protection.

Mismanagement between property owners and renters can be a major problem. As a result, the hole we are trying to fill is the one of transparency, which would eliminate the need for trust entirely. To build a long-term relationship with the customer, every component of our company is geared to deliver the best possible Bengaluru rental property management services.

FAQ'S

An NRI can purchase any property in Bengaluru, India, in accordance with Reserve Bank of India (RBI) guidelines. If you are a ‘Person of Indian Origin’, you can buy real estate in India even if you don’t have a passport from any of those countries, including Bangladesh, Pakistan, Afghanistan, Sri Lanka, Nepal, China, Bhutan and Iran. If your father or grandfather had been an Indian citizen under the Indian Constitution or the Citizenship Act, 1955 (57 of 1955), you are entitled to purchase.

The general documents required to purchase a property in Bengaluru, India, as an NRI are as follow:

  • PAN (Permanent account number) Card
  • OCI/PIO Card
  • Passport
  • Passport-size images

The purchase of agricultural land, plantation property and farm residences by NRIs are generally prohibited in Bengaluru, India. The RBI, in cooperation with the Government of India, must specifically authorize any proposals for the purchase of such land. Inheritance is the only means through which people can acquire farmland.

An NRI is allowed to purchase a maximum of two residential properties in Bengaluru and collectively anywhere in India. It’s because if an NRI has purchased two residential properties, then repatriation could be performed for more than two residences if the money is from an NRE account. There is a 10-year limit on the amount of money that can be withdrawn from an Indian rupee account.

Through standard banking channels or the amount in the NRE, NRO, or FCNR account, monies can be transferred to India from overseas when making a payment for a property purchase.

For tax purpose, if an NRI owns more than one residential real estate, only one of them will be considered self-occupied under the Indian Income Tax Act. Regardless of whether or not the second property is rented out, the self-occupied property will not be subject to income tax. However, the imputed rental income of the second mortgage will be subject to income tax. As an NRI, you are not obligated to pay any income tax if you hold only one international property. That property is located in Bengaluru or anywhere else in India. Even if you don’t rent out your Indian property, you will still have to pay income tax on deemed rental income if you own a property abroad.

Gains generated from the sale of real estate are included in capital gains. Consequently, an NRI must pay both short-term and long-term capital gains tax (CGT) when the residence or a portion of it is sold. An NRI’s short-term capital gains will be taxed if the property is kept for less than or equal to three years after taking possession. They will be taxed at the standard slab rates on their overall income. Long-term capital gains, on the other hand, are gains that have been kept for more than three years and are therefore liable to a tax rate of 20 per cent plus any applicable cess.

According to RBI regulations, rental income from real estate can be returned. Income tax deductions and confirmation from a certified accountant are required for rental income.

No worries, we are here to help you!

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