The sale of property in India by Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) can be done without the explicit permission of the Reserve Bank of India (RBI) under certain circumstances. Here's a detailed explanation of the guidelines governing property sales without RBI permission: **1. Residential Property: NRIs and PIOs can sell residential properties in India without needing prior...
Non-Resident Indians (NRIs) often wonder whether they can remit the sale proceeds of properties in India abroad. The ability to repatriate sale proceeds depends on several factors, and here is a detailed explanation of the guidelines and procedures involved: **1. Type of Property: Repatriation rules differ based on the type of property. Residential Property: NRIs can remit the sale proceeds of up...
Non-Resident Indians (NRIs) have the option to avail home loans in India for various types of properties, provided they meet certain eligibility criteria and the property aligns with the lender's guidelines. Here's a detailed explanation of the kinds of properties for which NRIs can obtain home loans: **1. Residential Properties: NRIs can apply for home loans to purchase residential properties, which...
Non-Resident Indians (NRIs) looking to obtain home loans in India must meet specific eligibility criteria set by financial institutions. Here's a detailed explanation of the key eligibility requirements for NRI home loans: 1. NRI Status: The primary eligibility criterion is being an NRI, as defined by the Reserve Bank of India (RBI). NRIs are individuals who reside and work in a foreign country but...
The repayment period for home loans for Non-Resident Indians (NRIs) is an essential aspect of the borrowing process. It determines the duration within which an NRI is required to repay the borrowed amount along with the interest. Here's a comprehensive explanation of the home loan repayment period for NRIs: **1. Flexible Loan Tenure: The repayment period for NRI home loans typically ranges from 5 years...
For Non-Resident Indians (NRIs) seeking home loans in India, it's essential to understand the various payment methods available to repay the loan. NRI home loan payment methods can be conveniently managed from abroad, and here's a comprehensive explanation of these payment options: **1. NRE/NRO Account: The most common method of repaying an NRI home loan is through the Non-Resident External (NRE) and...
Obtaining a home loan in India as a Non-Resident Indian (NRI) is a well-defined process that requires specific documents to establish your eligibility and financial capacity. Here is a comprehensive list of documents required for obtaining NRI home loans: 1. Passport: A copy of your valid passport, which serves as proof of your NRI status. 2. Visa and Work Permit: A copy of your visa and work...
Non-Resident Indians (NRIs) can indeed avail tax benefits when purchasing properties in India. These benefits are designed to encourage investments in real estate by NRIs and are subject to certain conditions and regulations. Here's a comprehensive explanation of the tax advantages for NRIs buying properties: Deductions on Home Loan Interest: NRIs can claim deductions on the interest paid on home...
Commercial real estate (CRE) in India has emerged as a favored investment choice among global institutional investors, often dubbed the "Blue Eyed Boy" of private equity funds. This asset class closely aligns with the country's macroeconomic conditions, making it an appealing, risk-adjusted investment proposition in the context of the Indian Growth Story. Thanks to innovation and technology, CRE has...
Prestige Group, a prominent Bengaluru-based real estate developer, has announced its ambitious venture, Prestige City Hyderabad, poised to become the city's largest mixed-use township. This expansive project requires an investment of Rs 5,000 crore and will be spread across a vast 64-acre expanse. With a development potential of 14 million sq ft, it holds the promise of transforming Hyderabad's urban...