India is a large country in South Asia, occupying most of the Indian subcontinent, and many investors and private use home buyers choose India for luxury or general real estate, whether for investment, personal use only or a mixture of both.
India is bordered to the west by Myanmar and Bangladesh, is located north of The Indian Ocean, generally south of China, Nepal, and Bhutan and east of Pakistan.
Major cities in India where most international buyers and investors search for properties for sale or rent include Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Kolkata, as well as luxury destinations like Goa, Pune, Gurugram, Jaipur.
Popular areas of India with International Buyers - investment or personal use, listed by owner, for sale by real estate agent and for rent:
To find property for rent by owner in India (often abbreviated as FRBO), a combination of online platforms, local resources, and direct word-of-mouth can be used.
Web sites that are set-up for FRBO, allow filtering for listed by owner rentals, and when searching be sure about what you want such as location, budget, and the type of housing.
Never wire money or send deposits before seeing the property, and ask for a lease and verify ownership if possible by using local property tax records.
Buying a property that is then set up as a "for rent by owner" (FRBO), is usually one that is intended to be rented out without the assistance of a property manager.
When a suitable property has been found evaluate the property as an investment, and ask for current rental rates and payment history, maintenance records, property expenses such as taxes, insurance and utilities costs.
You can work directly with the owner or hire a real estate attorney or buyer's agent to help draft an offer, but before making an offer perform due diligence such as hiring a licensed home inspector and ensure there are no liens.
Use a title company or closing attorney to handle escrow, title transfer, and record the deed, after learning how to find Properties for RENT listed by owners in India, by using online platforms and web site listings portals, and buying the property.
