NRI Real Estate and Property Investment in India
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US Based NRI Organization Demands Fast Track Courts
Monday, February 11, 2008

In a latest development, a famous Non Resident Indian (NRI) organization has appealed to the Indian Government to introduce fast-track courts to facilitate speedy disposal of their real estate disputes back home.

Global Organisation of People of Indian Origin (GOPIO), US based NRI organization further explained that NRIs have substantial properties and investments in residential and commercial real estate in India, but the laws of the land do not provide enough relief to protect them from defaulting tenants or usurpers.

When it comes to getting their property vacated in India or when a tenant defaults in paying rent, an 'An NRI faces immense difficulties in settling such issues. Their properties are often grabbed by others, including relatives, and they have almost no redressal. This is a major problem of the community living abroad.

Mr. Maheshwari, a GOPIO member said that since the legal process in India is notoriously staggered we think there should be fast-track courts for disposal of cases of NRIs and PIOs. We demand this simply because we cannot be present in India and fight our cases endlessly.

'In India there are already separate courts and tribunals for some segments. Consumer protection courts for example are prompter than usual courts. Can't we have fast-track courts for NRIs? Else we are simply worried about the security of our property in India,' Maheswari said.

The organization has approached Overseas Indian Affairs Minister Vayalar Ravi and Law Minister H.R. Bhardwaj with their demands and are hopeful that the government will come out with a solution.
The Indian diaspora is around 22 million-strong worldwide, according to GOPIO.

 

 

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