Residential And Commercial Projects Residential And Commercial Projects

FAQ

Who is an NRI?
An NRI (Non Resident Indian) is an Indian citizen who works abroad or carrying vocation outside India for an uncertain duration is a non-resident.
Person of Indian Origin or PIO is a person, who at any time held Indian passport, or he or his parents / grandparents were Indian citizen as per the Constitution of India or Citizenship Act, 1955.on-resident.
Yes, as per the general permission granted by RBI, an NRI can buy immovable property in India without any obstacles..
Yes, a PIO is eligible to buy property in India.
No, NRIs cannot do so.
Yes, NRIs are allowed to obtain or give off properties by way of gifts to anyone who may be a citizen of India or a PIO.
Any income accumulated from the ownership of the property, either in the form of rent or annual value of the property or the capital earned upon the sale of the property is taxable.
A certain institutions like LIC Housing Finance Ltd., HDFC, etc. have been granted general permission to provide housing loans to NRIs.
Yes, properties other than agricultural lands/ plantation property/ farmhouses can be bought by NRIs.a.
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