SIGN IN YOUR ACCOUNT TO HAVE ACCESS TO DIFFERENT FEATURES

FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!

Residential Builders in South Delhi, Real Estate Company, Construction in Delhi

  • Financial Partners
  • Investor’s Desk
    • Corporate Announcement’s Desk
    • Corporate Governance
    • Financial Information
    • Shareholding Pattern
    • Notices
    • Newspaper Advertisements
    • Downloads
    • Disclosures under Regulation 46 of LODR
  • Media & Articles
  • Home
  • About Grovy
    • Grovy Story
    • Management Team
    • What is EPP model?
    • Fun Facts
  • Projects
  • 360° Virtual Tour
  • Service Profile
    • Joint Venture & Purchase
    • Turnkey Solution
  • Client Speak
  • Contact
8851138307
  • Home
  • Media & Articles
  • Media & Articles
  • Guidelines for NRI Real Estate Investment in India
Monday, 20 November 2017 / Published in Media & Articles

Guidelines for NRI Real Estate Investment in India

Investment Real Estate

A Non Resident Indian (NRI) is a person carrying on outside India for business, vocation or for any other purpose for an uncertain period. Being an Indian citizen while working abroad these NRI’S or PRO (Person of Indian Origin) are given some facilities by the Indian government while staying abroad. They are granted for an Indian bank account, investment and deposit with Indian firms and companies and investment in immovable properties as well.

Talking about real estate investment, love for hometown is always present at the core of heart in any NRI. They always want to return back to their birth place after such hassle in their professional services. They look forward in investing in Real Estate for their future use as it also gives good return for the expense they make to the property.

Reserve Bank of India has some specific guidelines regarding investment on properties bought by NRI’S in India. The foreign exchange management act (FEMA) says that a person who is staying abroad is not a resident of India the different types of account the can be maintained by an NRI are foreign exchange NRO savings and post office accounts. As the government has eased the norms for NRI investment in real estate sector they are permitted to earmark a position of their investment in real estate and earn money.

Now permission is required from RBU while buying or selling a property if you are an Indian passport holder. Repatriation is also allowed after the bill passed on 26th May 1993. The RBI also granted permission to NRI’S for any kind of investment whether it is personal or for business purpose. Under these schemes they do not need any specific permission from RBI.

Investment without repatriation basis includes mutual funds, deposit with companies, investment in non-convertible debentures and on commercial papers. Also, If a property is gifted to any NRI in India or inheritance that acquire such property with the provision of foreign exchange law in force at the time of acquisition.

  • Tweet

What you can read next

Real Estate Developing Delhi
Developing of the Capital: Grovy India
Hire A Professional To Build Your Dream Home
5 Reasons You Should Hire A Professional To Build Your Dream Home
Real Estate Luxury Flats
How Luxury Flats Are The Game Changer In The Real Estate Business?

Categories

  • Media & Articles
    • Channel Events
    • Corporate Events
    • Property News in Delhi, NCR
    • Real Estate Industry

Recent Posts

  • Why Grovy India is the Top Builder in Neeti Bagh, South Delhi

    Rebuild your old home into a luxury space with ...
  • Why Choose a Collaboration Construction Builder for Your Dream Home?

    Build your dream home with a collaboration cons...
  • How Collaboration Construction is Shaping Luxury Living in Anand Niketan

    Collaboration construction in Anand Niketan is ...
  • Top Builder in Defence Colony, Delhi – Grovy India

    Grovy India, the top builder in Defence Colony,...
  • Fully Furnished office space on rent - Grovy Optiva

    Find Premium Noida Office Space on Rent with Top Feature

    Find over 10,000 sqft per floor across 10 floor...

Search for posts

Recent Posts

  • Why Grovy India is the Top Builder in Neeti Bagh, South Delhi

    0 comments
  • Why Choose a Collaboration Construction Builder for Your Dream Home?

    0 comments
  • How Collaboration Construction is Shaping Luxury Living in Anand Niketan

    0 comments
Grovy India

Grovy India

Grovy India limited was established in the year 1985, with a purpose of developing extraordinary real estate properties that would change the scenario of the construction industry.

Equipped with teams of skilled and experienced engineers, architects, planners and designers Grovy has established itself as developers of ‘Boutique Apartments’.

COMPANY

  • Home
  • About Grovy
  • Projects
  • Service Profile
  • 360° Virtual Tour
  • Client’s Speak
  • Contact
  • Financial Partners
  • Investor’s Desk
  • Media & Articles

CONTACT

Grovy India Limited
122, Vinobapuri, Lajpat Nagar 2,
New Delhi - 110024, India

Mobile: +91-8851138307
Phone: +91-11-46740000

Email: info@grovyindia.com

PROJECTS

  • Builders in East of Kailash
  • Builders in Greater Kailash
  • Builders in Kailash Colony
  • Builders in Lajpat Nagar
  • Builders in Hauz Khas
  • Builders in Safdarjung Enclave
  • Builders in Sarvodaya Enclave
  • Builders in South Delhi

© Grovy India Limited. All rights reserved • Powered By Talking Image
• Sitemap

TOP
Call Now Button