We believe in being completely transparent and loyal with our customers, in terms of sharing information about our projects from pre-sales to till hand over.
We support NRI’s in terms of documentation, loan and registration process to make them easy to have dream home in home country.
Loans & Registration Process
In-House team for availing Home Loans
We have an expert team to assist from documentation to till disbursement of loan from various Indian banks and financial institutions.
In-House team for registration process
We assist for hassle-free documentation and registration process. NRI Customers need not be present at the time of registration.
Progressive wise Payment
We will provide real time construction images before generating demand notice for progressive wise payment
FAQ’s by NRI
Can NRI buy immovable property in India and What are the RBI Guidelines?
Acquisition of real estate by NRIs is governed by the Foreign Exchange Management Act, 1999 (FEMA) and has seen control from government and the RBI with the apprehension that uncontrolled investments may fuel speculation in property prices. Typically, NRIs may purchase immovable property (other than agricultural land/ plantation property/ farm house) in India or obtain by
inheritance or by way of gift (from Indian resident, Indian citizen residing outside India / PIO) and other permitted modes as per FEMA regulations. NRIs are also permitted to transfer immovable property to a person resident in India, person resident outside India who is a citizen of India or to a person of Indian origin resident outside India
Though RBI has given general permission to the NRIs to purchase immovable properties in India, the permission does not grant power to acquire any and every property in India. The NRIs are allowed to purchase only residential or commercial property. So NRIs cannot purchase any agricultural land or plantation property.
NRIs may also repatriate sale proceeds of immovable property (other than agricultural land, farm house or plantation property) only after ensuring compliance with FEMA Regulations and further subject to adherence of taxation regulations. The funds to be repatriated should not exceed the amount paid for acquisition of the immovable property in foreign exchange received through normal banking channels, or the amount paid out of funds held in FCNR (B) account, or NRE account for acquisition of the property in India.
However, RBI has permitted NRIs to remit an amount up to USD 1 Million in a financial year, out of balances held in the NRO account (inclusive of sale proceeds of assets acquired by way of inheritance or settlement), for all bonafide purposes, to the satisfaction of the AD Bank. It should also be noted that in the case of a residential property, repatriation of the sale proceeds is restricted to a maximum of two such properties.
Further, refund of application / earnest money / purchase consideration made by the house building agencies / seller on account of non-allotment of flat / plot / cancellation of bookings / deals for purchase of residential / commercial property, together with interest, if any (net of income tax payable thereon) may be allowed by the AD Bank by way of credit to NRE/FCNR (B) account, provided the original payment was made out of NRE / FCNR (B) account of the account holder or remittance from outside India through normal banking channels and the AD Bank is satisfied about the bonafides of the transaction.
The Real Estate (Regulation and Development) Act, 2016 (RERA) effective from May 1, 2017 is recognized as one of the most consumer-friendly law and having paved the way for sector regulator has enhanced the credibility of real estate sector. RERA has emerged as a strong force in welcoming participation and confidence of NRIs who have arguably been the prominent investors in the sector. For NRIs, the Indian real estate market definitely holds the highest possible investment potential where their aim is to maintain a healthy long-term investment horizon of between 7-10 years and the transparent and well-regulated sector would strengthen the investment regime.
Can NRI sell property in India?
An NRI can only sell residential or commercial property in India to a person residing in India or to an NRI or a PIO (Person of Indian Origin). Under general permission, an NRI can sell his agricultural land/plantation property/farm house in India only to a person who is a resident of India and is an Indian citizen.
Do NRI need Aadhar card?
NRIs and OCIs (Overseas Citizens of India) need not link their Aadhaar card with bank account, SIM or PAN, the UIDAI has said. “NRI/OCI (Overseas Citizen of India) are not eligible to obtain Aadhaar as per the Aadhaar Act and hence are fully exempted to produce Aadhaar for any verification