Own a property in India which is sitting idle in the real-estate market? Our property managers can help you earn money out of it. Just like we helped our NRI client from Canada by rendering our interior designing and assured rental service.
Know more about it below.
About the Client
The NRI client lives in Canada and has a property in Noida – India. He purchased the property in 2010 for himself, but had to move to Canada in 2012 for work. Since then the property is lying vacant with local guardians keeping a casual eye every now and then.
Property: the client owns a 3BHK flat of 4500 Sq ft in one of the well ranked locations of Noida, which comes under the NCT area of Delhi, India.
The client’s property was looked after a local acquisition who could not dedicate his time to the client’s property sufficiently. For this reason the property’s value and quality was degrading with time. Also, the property asked for a facelift as per the modern times to make it look aesthetic and more functional.
The property bought by the client a decade ago was not giving any monetary benefit to him ever since. He even tried to rent out his flat through the local guardian but ended up making loss. As the tenants were kept without verifying, and they harmed the property big time. Also, the rent of the property was also quoted too low as per the market norms.
Being an NRI it was not feasible for the client to travel to India to manage his property frequently. Therefore, this time he was looking for professionals to take care of his property and give him some monetary benefits through the property.
The client was looking for a NRI property management company preferably in Delhi NCR – India. He was looking for a professional to cater to his property related requirements.
He wanted a property management company to redo his property’s interiors and then put it out in the market for residential renting. The client also wanted to ensure that the tenants are rented after proper verification and for long term.
Along with this he also wanted to virtually monitor all the activities on the property and see the rent receipts and other important documents online.
How LuXia’s Noida team helped the client
Interior Designing and Assured Renting of the property without the need of the NRI owner to travel to India
The very first requirement of our client was met as he did not have to travel to India in this entire span of 2 years to manage his property. Everything was taken care of by our property managers in Noida.
Our property managers also shared an online portal with the client so that he can see the important information like rent receipt, bills, work progress etc. on the portal.
Here’s how we helped him with our services.
As asked by our client LuXia’s in-house team of interior designers went to the property to study the designing requirements. We also conducted a video conference with the client to walk through the property with the owner. And to get an idea of his interior designing interests so that we can incorporate them in the property.
After sharing the idea with the owner our interior designing team started working on the property to mold it into an aesthetic and easy on functionality property. The interior designing work was finished well within the timeline. And was shown to the client again via video conferencing.
Assured renting with steady increase in rent for 2 years
After the interior designing of the property, LuXia started with the marketing of the property through various channels to find an appropriate tenant for the client’s property. After strict and careful screening of the applications, LuXia chose a suitable tenant for the residential property.
Our property manager for the NRI client ensured proper police verification before renting the house to the tenant. We also got the rent agreement and other necessary documentation in place to go as per the India federal guidelines. We also made sure that the client received appropriate rent as per the market norms. And also the rental income increased steadily over the two years.
LuXia’s value-added services that made our NRI client smile!
- Guaranteed Assurance – all our rental management services come with an assurance of maximum Return of Investment and peace of mind.
- Dedicated Property Manager – the client got personal attention by a single point of contact for all their property related concerns.
- Law & Regulations Compliant Rental Property – we made sure that landlords property is compliant with the property laws and landlord tenant laws in India.
Get in touch
You too can save a lot of your time and money and get high Return on Investment (ROI) on your property. All you need to do is get in touch with our NRI property management company in Delhi NCR and we’ll handle all your property requirements.