NRI Area
Liberalised policies and increased tax benefits make now the right time to purchase a home in India.
Contact us
Many of our customers are NRIs like you
Our track record for transparency and reliability precedes us. We have a dedicated team who will assist you from start to finish, and keep the process as smooth as possible. In fact, they will assist you even after your purchase.
TIPS FROM OUR EXPERTS
Sales
Reserve Bank of India has given permission to foreign citizens of Indian origin to purchase a property. However, wherever the property is purchased, the funds towards the purchase consideration should be either remitted to India or paid out of balances in NRE/FCNR accounts.
Finance
You can either pay through rupee-denominated NRO or NRE and FCNR accounts. Loans are readily available and can be taken from any bank within India, or from a branch of any Indian bank in your country of residence.
Renting
Reserve Bank of India permits you to rent out any immovable residential/commercial property in India. The rental income or proceeds of any investment of such income are eligible for repatriation.
Formalities
Within 90 days from the date of purchase, you will need to file a declaration in form IPI 7 with Central Office of Reserve Bank at Mumbai. You can also submit a final payment of purchase consideration along with a certified copy of a document evidence of transaction and the bank certificate of the consideration paid.
Documentation
Passport, Proof of residence, PAN card, PIO card and Aadhar card.
