NRI Corner
Overview
NRI
Welcome to Puravankara – one of the best property developers in India. We, at Puravankara, offer world-class homes for a luxurious and contemporary living. We ensure to offer experiences beyond expectations, where every aspect of fine living is foreseen. If you are an NRI who is looking to reap great benefits of buying property in India or have any queries related to property purchase, we are always ready to help you.
Expert Legal Assistance
Our experienced legal team will guide you through every step, ensuring smooth and secure transactions.
End-to-End Support
From the initial inquiry to finalizing your purchase, our team is dedicated to assisting you at every stage.
Tailored Solutions
Enjoy services customized for your convenience, making your investment process seamless.
Dedicated Relationship Manager
Benefit from a dedicated relationship manager who will provide one-on-one support and address all your needs.
Hassel-free Booking Process
Experience a straightforward and convenient booking process, designed to minimize effort, and maximize efficiency.
Property Mangement Services
Our property management services ensure your investment is well-maintained, giving you peace of mind and maximizing your returns.
Expert Legal Assistance
Our experienced legal team will guide you through every step, ensuring smooth and secure transactions.
End-to-End Support
From the initial inquiry to finalizing your purchase, our team is dedicated to assisting you at every stage.
Tailored Solutions
Enjoy services customized for your convenience, making your investment process seamless.
Dedicated Relationship Manager
Benefit from a dedicated relationship manager who will provide one-on-one support and address all your needs.
Hassel-free Booking Process
Experience a straightforward and convenient booking process, designed to minimize effort, and maximize efficiency.
Property Mangement Services
Our property management services ensure your investment is well-maintained, giving you peace of mind and maximizing your returns.
NRI
Legal Information
If you’re an NRI, the following documents are needed on your end to make the land purchases:
- A power of attorney in the name of a resident Indian who can manage legal and financial proceedings on your behalf.
- Your PAN Card.
- A copy of your passport (if your PAN card is unavailable).
- An NRE or NRO account for transactional purposes with the builder.
Purchasing property is a lucrative investment for NRIs, especially in India, where recent legislative enhancements such as amendments to the Land Acquisition Act, relaxed FDI rules, and the Real Estate Regulatory Bill have significantly benefited foreign investors.
The Reserve Bank of India permits NRIs to buy or sell property through foreign exchange, utilizing any Indian bank, or through NRE/FCNR accounts. Documentation of such transactions must be submitted to the central office of the Reserve Bank of India within 90 days of the purchase. No prior official permission is needed, offering you complete freedom in your investment choices.
Eligibility extends to NRIs currently residing abroad, PIOs (Persons of Indian Origin) who have held an Indian passport at any time, or individuals whose father or grandfather was an Indian citizen as per the Constitution of India or the Citizenship Act of 1955.
At Puravankara, we have crafted residential and commercial properties that cater to both the technical requirements and luxurious preferences of NRIs. We aim to streamline your investment process, ensuring that your financial and emotional investment is secure. Invest your trust and resources in Puravankara, where safety and luxury meet.
For any Sales Enquiry please call 1860 208 0000 or fill out the form.
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FAQs
Get Your Dream Home
An NRI (Non-Resident Indian) is an Indian citizen who resides outside India for purposes of employment, carrying on business or vocation in circumstances as would indicate an intention to stay outside India for an indefinite period.
A PIO (Person of Indian Origin) is a person who is of Indian descent and holds citizenship of another country, other than Bangladesh or Pakistan, and has never been an Indian citizen.
Yes, NRIs can buy both residential and commercial immovable properties in India without any special permission from the RBI. However, they are not allowed to purchase agricultural land, plantation property, or farmhouses
Yes, PIOs can also purchase residential and commercial properties in India. Similar to NRIs, PIOs cannot purchase agricultural land, plantation property, or farmhouses.
Income from property, such as rental income, is taxable in India, and NRIs must pay the applicable income tax. Additionally, capital gains tax is levied on the sale of property, with the rate depending on the duration of ownership.
Yes, NRIs can sell residential or commercial property in India without the RBI's permission. However, if the property is agricultural land, plantation, or a farmhouse, it can only be sold to a resident Indian citizen.
Yes, NRIs can gift residential and commercial properties to NRIs, PIOs, or resident Indians. Agricultural land, plantation property, or farmhouses can only be gifted to resident Indian citizens.
NRIs are eligible to obtain loans from banks and housing finance companies registered in India. However, the repayment of the loan must be done through an Indian bank account.
Yes, NRIs can buy commercial properties in India. There are no restrictions on the number of properties they can purchase, although financing options may vary depending on the bank and the property details.
