Know more about NRI's :
Indian Property Market is one of the fast growing Real Estate Markets in the world. An Indian Citizen who stays abroad for employment carrying on business or vacation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident. Non-resident foreign citizens of Indian Origin are treated on par with non-resident Indian citizens.
A foreign citizen (other than a citizen of Sri Lanka, Bangladesh, Pakistan, Afghanistan, Bhutan or Nepal), is deemed to be of Indian origin if,
(i) He/She held an Indian passport at any time.
(ii) He/She or their parents or paternal grand-father was a citizen of India by virtue of the Indian Constitution.
As an Indian citizen overseas, you are fully entitled by the law to invest and profit from the Indian Real Estate Mmarket. But there are certain complexities faced by the non-residents in terms of, difficulty in:
Applying for bank-loan and Paper-work.
Exploring the various options.
Monitoring progress report post-investment.
Leasing out / reselling the property post-possession.
Understanding the government regulations for overseas investment.
Evaluating a particular project based on on-ground situation.
The package along with our resolution to bring professionalism and transparency in Real Estate Industry in India offers a complete peace-of-mind solution to the non-resident investors and home-buyers.