Al-Khateeb: Rate of Foreign tourists coming for recreational purposes soars 600% in 5 years    Saudi Arabia participates in OIC anti-corruption agencies' meeting in Qatar    Saudi Arabia implements over 800 reforms to drive rapid transformation    Al-Jadaan: Painful decisions were part of the reforms, but economy overcame them    Al-Swaha: Saudi Arabia is heading towards exporting technology in the next phase    Israel-Hezbollah ceasefire appears to hold as Lebanese begin streaming back to their homes    Al Rajhi: Saudi Arabia sets revised unemployment target of 5% by 2030 "300,000 citizens employed in qualitative professions"    Imran Khan supporters call off protest after crackdown    Five survivors found day after Red Sea tourist boat sinking    Russia launched a record number of almost 200 drones toward Ukraine    Al Hilal advances to AFC Champions League knockout stage despite 1-1 draw with Al Sadd    Saudi Arabia unveils updates on Expo 2030 Riyadh master plan at 175th BIE General Assembly Riyadh Expo Development Company established to oversee strategic planning, operations, and legacy development    Saudi FM attends Quadripartite meeting on Sudan in Italy    Best-selling novelist Barbara Taylor Bradford dies    Cristiano Ronaldo's double powers Al Nassr to 3-1 win over Al Gharafa in AFC Champions League    Al Ahli edges Al Ain 2-1, bolsters perfect start in AFC Champions League Elite    Most decorated Australian Olympian McKeon retires    Adele doesn't know when she'll perform again after tearful Vegas goodbye    'Pregnant' for 15 months: Inside the 'miracle' pregnancy scam    Do cigarettes belong in a museum?    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Wanted! Protection for NRI property
By Sameera Aziz
Published in The Saudi Gazette on 04 - 01 - 2009

Resident Indians (NRIs) invest in real estate back home. Most see it as a commercial activity while also a way to stay in touch with their national identity. However, they face enormous challenges when their holdings or their ancestral property has been illegally grabbed, occupied or confiscated by relatives, friends or agents.
“My property experience in India can put any horror film to shame,” said Yaqub Ali, an expatriate in Jeddah from the Guntur and Ranga Reddy districts of Andhra Pradesh, India.
“The illegal occupiers refused to vacate my l???nd. I was brutally beaten when I visited India on vacation. My wife was also harassed and pushed out from her ancestral home illegally which was grabbed by neighbors,” he said.
The Telangana and Andhra districts in the south Indian state of Andhra Pradesh are real estate havens with land costing up to Rs50 to 80 lakh per acre sold privately.
It may indeed not be easy for an individual or a corporate entity to manage their properties from abroad, especially when the same turns into a painful venture.
Media reports say that for over two decades, hundreds and thousands of NRIs have been struggling in vain to recover their properties in India. Often insufficient inspection of the relevant property documents results in them being duped by agents and estate developers.
A lack of professional guidance and knowledge of laws in India makes the situation even worse.
“We are not able to take care of our properties because of a lack of time, awareness and proper legal support. There is a need to formulate comprehensive central guidelines for help and we should be duly informed of the necessary steps before our property deals are legally finalized,” said engineer Abdul Wahab Siddiqui, who has a building and land in the Masab Tank area in Hyderabad, Andhra Pradesh. The locality is famous for its skyrocketing commercial and residential property rates.
“When I become frustrated by the hard time that my tenants give me I often feel like selling all my property,” he said.
Siddiqui has lived in the Kingdom for 30 years. Like other unsuspecting NRIs, he said he has been victimized by fraudulent property dealers.
For many expatriates like Siddiqui, especially those in the Gulf, investments in real estate can prove to be lucrative or the only means of income, once they return back home as permanent residents.
But in case of a property scam, they face a disadvantage as they are not able to contest court cases in India, which adds to the overall uncertainty.
“On request from many NRIs in the Middle East, Europe and Asia, we have devised a way to resolve property issues related to land disputes and litigation problems of the NRIs within the parameters of the Indian legal system,” said Basha Nawaz Khan, an international legal expert.
“The BNK International law firm in Hyderabad has started a separate division for non-resident Indians for the legal protection, caretaking and safeguard of their movable and immovable properties,” said Khan, adding that the legal services, available only in Hyderabad now, will soon be provided throughout India as well.
“Legal services are required when one buys a house, sets up a business, acquires an office, incorporates a company, intends to marry or divorce, has property disputes with tenants in residential or commercial property, or is in need of a special/general power of attorney. It's not feasible to hire a lawyer in India while you are thousands of miles away,” he said.
He said such a consultation facility makes it unnecessary for one to make frequent trips to pursue or defend an ongoing prolonged litigation which can be highly expensive and tiresome.
NRIs have inarguably played a very important role in transforming the Indian real estate market. Recent reports estimate the value of NRI investment to have increased by up to a quarter in six months. With the opening up of the Indian economy, developers and financiers are making all efforts to tempt overseas buyers with fancy plots and housing schemes.
“Our legal firm provides services which will enable one to understand the various multifaceted aspects and difficulties involved, such as, the interaction with various government agencies and other entities related to property, and understanding the needs and important negotiations,” said Khan.
He said a clear understanding of real estate laws, which include laws related to acquisition, takeovers, mergers, sales, purchase, joint ventures, developments, settlement of disputes, legal verification/title identifications, tile search, etc., is imperative when dealing in real estate.
Given the increase in frauds such as land grabbing, cheating, bluffing, illegal transfer of properties and life-threatening situations in India, firms like the BNK international firm may prove to be helpful.
“The professional team of the firm aims at legally protecting the interest of the NRIs,” noted Khan.
In cases when the tenants squat on property which is let out to them on lease or rent, Khan said a team of lawyers undertake curative actions to safeguard the interests of the owners, who “commonly are individuals who have migrated to foreign countries.”
He said another problem-prone area is the misuse of the Power of Attorney (POA) which is executed in the favor of near or dear ones when individuals leave the country for abroad.


Clic here to read the story from its source.