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
    • Downloads
  • Media & Articles
  • Home
  • About Grovy
    • Grovy Story
    • Management Team
    • What is EPP model?
    • Fun Facts
  • Projects
  • Service Profile
    • Joint Venture & Purchase
    • Turnkey Solution
  • 360° Virtual Tour
  • Clients’s Speak
  • Contact
Follow Grovy IndiaFollow Grovy India on InstagramFollow Grovy India Business Page
  • Home
  • Media & Articles
  • Articles & Blogs
  • Guidelines for NRI Real Estate Investment in India
Monday, 20 November 2017 / Published in Articles & Blogs

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

Designing of Delhi
Designing Of Delhi: Grovy Way
Posh Residential Areas in Delhi
Delhi’s most expensive and posh residential areas
Builder with Client
How to Choose a Builder?

Categories

  • Articles & Blogs
    • Broker Events
    • Property News in Delhi, NCR
    • Real Estate Industry

Recent Posts

  • Safe South Delhi

    South Delhi – one of the safest places to live

    Many people consider South Delhi one of the saf...
  • South Delhi home design

    Variations in South Delhi home design post Covid-19

    ...
  • Buying property from Grovy

    Benefits of buying property from Grovy

    ...
  • South Delhi Builders

    South Delhi is the place to go!

    ...
  • Mr. Pankaj - Grovy Client

    Satisfied Customers

    ...
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: +91-9810522153
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

TOP Call Now Button+91-11-46740000