FAQ's

Investment options for NRIs in Pune Real Estate

Anyone who is an Indian citizen by birth, but for employment or other vocational reasons stays outside India for an indefinite period time can be all as a NRI.

Person-of-Indian Origin
Person-of-Indian Origin can be people who are citizens of a foreign country, but who are born in India or whose father and forefathers were of Indian origin.

Overseas Corporate Bodies
These are bodies largely owned by people who are Indian citizens or of Indian origin but reside outside India. They include overseas companies, corporate bodies and partnership firms owned mostly by the Indian citizens or people of Indian origin. In these bodies, three-fourth of the interest are owned by Indian citizens or people of Indian origin.

Is it possible for Non-Resident Indians and Overseas Corporate Bodies to invest in India? What is the procedure of payment for a residential property, for foreign citizens? How many commercial properties can an NRI acquire in India legally? Are foreign citizens of Indian origin allowed to acquire an immovable property through inheritance? Are residents of Indian origin allowed to send remittances of their owned/inherited assets in India, outside India? What should be the method of payment for purchasing residential immovable property in India by foreign nationals of Indian origin under the general permission? Do Non-Resident Indian nationals require permission of Reserve Bank to acquire residential / commercial property in India? Are foreign nationals of Indian origin allowed to purchase immovable property in India? In what way the Non-Resident Indian can finance the flat? Can the property be purchased through the agent or through the Power of Attorney? Can NRI Investors lease their property in India? What is carpet area, built up area and super built up area? What is the maximum allowed percentage of common area? Under whose name do I have to purchase the stamp paper and who pays the stamp duty during a transaction of buying and selling? How does one get tax benefit on the loan? Do Banks/FI assist one in selecting property / Building / Flat of ones own choice? What security does one provide against the loan amount to be borrowed? Can one repay the loan ahead of schedule? Does the property have to be insured? Home Loans: What is the amount that can be sanctioned? What is meant by an EMI (Equated Monthly Instalments)? What is Pre EMI – Interest? What is a Floating interest rate?