Buy apartment in Gurgaon

#1 Jan 28th, 2011, 22:34
Join Date:
Mar 2010
Location:
New York City, New York
Posts:
25
  • WaltG is offline
#1
My wife and I are planning to move to Gurgaon,outside New Delhi, and we are interested in buying an apartment. Can this be done legally? Is it easier or safer to rent? Do we have to be living in India for a certain amount of time before buying? I would appreciate any advice you can offer. Her family lives in DLF Phase 3, Gurgaon. I am a US-born American citizen; she is an American citizen (NRI), born in India, now with OCI status.
#2 Jan 28th, 2011, 23:06
Join Date:
Aug 2006
Location:
Homeless
Posts:
14,909
  • nycank is offline
#2
Quote:
Originally Posted by WaltG View Post Can this be done legally?

Do we have to be living in India for a certain amount of time before buying?

now with OCI status.
Yes, No.
#3 Jan 29th, 2011, 07:27
Join Date:
Sep 2008
Location:
dallas, tx
Posts:
1,997
  • curtdfw is offline
#3
Quote:
Originally Posted by WaltG View Post Is it easier or safer to rent?
If you don't know the area I'd certainly recommend renting for the first few months to get the lay of the land, prices etc. Though apartment leases are typically for 11 months, there are nearly always early exit clauses written in. Leases I had allowed either party to terminate the lease with 60 days notice.

Unless your wife knows the landlord racket take great care with putting up a deposit. Delhi landlords are notorious for finding ways to keep them, so lease verbiage allowing the deposit to be applied toward final months' rent is a good plan. There are numerous helpful threads to review by searching 'moving to Gurgaon' or similar.
“She was not quite what you would call refined. She was not quite what you would call unrefined. She was the kind of person that keeps a parrot.” – Mark Twain

Similar Threads

Title, Username, & Date Last Post Replies Views Forum
Looking for apartment in Gurgaon Jan 30th, 2010 10:41 3 1175 Moving to Delhi
Flatmate to share a new apartment in Gurgaon Feb 6th, 2009 23:22 20 4946 Moving to Delhi
apartment hunting in gurgaon Aug 24th, 2006 14:47 1 1339 Moving to Delhi
Bought an apartment in Gurgaon - need advice Jul 21st, 2006 11:39 7 2183 Moving to Delhi


Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Forum Rules»
Trackbacks are Off
Pingbacks are Off
Refbacks are Off
Thread Tools
Display Modes

Search Engine Optimization by vBSEO 3.3.2
© IndiaMike.com 2014
Page Load Success