Best Property Management in India
Nimmadhi® Property Management offers you four plans currently; Nimmadhi® Property Management Silver costs₹ 9,000 /year, Nimmadhi® Property Management Gold costs ₹12,000/year, Nimmadhi® Property Management Diamond costs ₹21,000/2years, Nimmadhi® Property Management Platinum costs₹ 42,000/5years.For more details on each of the plans, please navigate to Property Management Plans. Online Payment Refund Policy i. Role: Any registered User of the Site may choose to make rent payments, maintenance payments and payment of security deposit/ token amounts, through the payment gateway(s) authorized by Nimmadhi. In this regard, the Users are asked to provide customary billing information such as name, financial instrument information which shall include the bank account number, IFSC code of the User, the details of the landlord to whom the payment has to be made and the address of the property with regard to which the rent or security deposit is to be paid. Users may also be asked to provide a copy of the rental agreement pursuant to which such rent payments are being made. The Users must provide accurate, current, and complete information while making the payment through the Site and it shall be the User’s obligation to keep this information up-to-date at all times. The Users are solely responsible for the accuracy and completeness of the information provided by them and Nimmadhi shall not be responsible for any loss suffered by the User as a result of any incorrect information, including payment information provided by the Users. Except for Nimmadhi's limited role in processing the payments that registered Users authorize or initiate, NImmadhi is not involved in any underlying transaction between the User, any other User, any third person or any service providers. Nimmadhi is not a bank and does not offer any banking or related services. Nimmadhi may use the services of one or more third parties (each a "Processor") to provide the Service and process the User’s transactions. Further, Nimmadhi does not guarantee payment on behalf of any registered User, other User or Processor and explicitly disclaims all liability for any act or omission of any User or Processor. Nimmadhi is neither an agent of the lessor or lessee or any registered User. Nimmadhi acts solely as an intermediary which facilitates payments between the registered Users making the payment and the intended third-party beneficiaries. ii. Authorization: The User acknowledges that Nimmadhi is authorized by the User to hold, receive and disburse funds in accordance with the User’s payment instructions provided through the Site for the purposes of facilitating the transfer of monies to the intended beneficiary as specified by the User on the Site . [The authorization given by the Users permits Nimmadhi (a) to debit or credit the User’s balance, bank account, any credit card, debit card, or other payment cards or any other payment method that Nimmadhi accepts or (b) to process payment transactions that the Users authorize by generating an electronic funds transfer. [By instructing Nimmadhi to pay another User, the Users authorize and order Nimmadhi to make the payments (less any applicable fees or other amounts we may collect under this Agreement) to such user. Nimmadhi may limit the recipient's ability to use or withdraw the committed funds for such period of time that Nimmadhi has agreed to with the recipient.] iii. Fees: The User agrees that they may be charged a service charge by Nimmadhi for using the Site to make rental payments or payment of security deposits. iv. Transaction Limits: Nimmadhi may delay, suspend or reject a transaction for any payment(s) for any reason, including without limitation if Nimmadhi suspects that the transaction subjects it to financial or security risk or is unauthorized, fraudulent, suspicious, unlawful, in violation of the terms of this Agreement subject to dispute or otherwise unusual. v. Chargebacks: The amount of a transaction may be charged back or reversed to the User (a "Chargeback") if the transaction (a) is disputed by the sender, (b) is reversed for any reason, (c) was not authorized or Nimmadhi has reason to believe that the transaction was not authorized, or (d) is allegedly unlawful, suspicious, or in violation of the terms of this Agreement. The Users owe Nimmadhi and will immediately pay Nimmadhi the amount of any Chargeback and any associated fees, fines, or penalties assessed by Nimmadhi’s Processor, processing financial institutions, or MasterCard, Visa, American Express, Discover, and other payment card networks, associations, or companies ("Networks"). The Users agree to assist Nimmadhi when requested, at the User’s expense, to investigate any of the User’s transactions processed through the Service. For Chargebacks associated with cards, Nimmadhi will work with the Users to contest the Chargeback with the Network or issuing banks should the User choose to contest the Chargeback. In this regard, Nimmadhi will request necessary information from the User to contest the Chargeback and the User’s failure to timely assist Nimmadhi in investigating a transaction, including without limitation providing necessary documentation within 5 business days of Nimmadhi’s request, may result in an irreversible Chargeback. vi. Liability: The Users agree not to hold Nimmadhi responsible and/or liable for any issue or claim arising out of any dispute whatsoever between the User and the Processor and/or the User and the User’s bank or financial institution. Additionally, please note that Nimmadhi shall not be responsible for any additional fees or charges deducted by the Processors while processing payments in connection with the User’s transaction and Nimmadhi disclaims all liability in this regard. Further, the Users may also be subject to additional terms and conditions imposed by such Processors and the Users should review these terms and conditions before authorizing any payments through the Processors. vii. Fraud and restrictions: Nimmadhi Nimmadhi may ask for additional documents (like Rental Agreement, Owner/Tenant PAN, Maintenance Bill) where it deems necessary, including in case the transaction looks suspicious. [Nimmadhi will refund the full amount (excluding the nominal processing fees collected by Nimmadhi) without any deductions if Nimmadhi determines it is not a valid rent/token/security deposit/ maintenance payment or if such payment is fraudulent. A valid rent/security deposit payment is one where there exists a legally valid rental agreement between the tenant and the landlord with the rent amount equivalent to what is being transferred on Nimmadhi. A valid maintenance payment is one where there exists a maintenance bill between the payer and the society/RWA. viii. Refunds: [In case, Nimmadhi is not able to facilitate transfer the rent amount to the beneficiary account due to any technical difficulties, Nimmadhi will refund the payment back to the source.] The Users are advised not to transfer the rent directly to the landlord until a refund ID is generated and sent to the Users through email and SMS. ix. The Users acknowledge and agree that, to the maximum extent permitted by law, the entire risk arising out of the User’s access to and use of the payment Services remains with the Users. If the Users permit or authorize another person to use their NImmadhi account in any way, the Users shall be responsible for the actions taken by that person. Neither Nimmadhi nor any other party or Processor involved in creating, producing, or delivering the payment Services will be liable for any incidental, special, exemplary, or consequential damages, including lost profits, loss of data or loss of goodwill, service interruption, computer damage or system failure or the cost of substitute products or services, or for any damages for personal or bodily injury or emotional distress arising out of or in connection with these payments terms.
Reserve Bank has granted general permission to foreign citizens of Indian origin, whether resident in India or abroad, to purchase immovable property in India for their bona fide residential purpose. They are, therefore, not required to obtain prior permission of Reserve Bank.
They are required to file a declaration in form IPI 7 with the Central Office of Reserve Bank at Mumbai within a period of 90 days from the date of purchase of immovable property or final payment of purchase consideration along with a certified copy of the document evidencing the transaction and bank certificate regarding the consideration paid.
There are no restrictions on the purchase of properties.
A person resident outside India (i.e. NRI or PIO or foreign national of non-Indian origin) can inherit immovable property from