If you’re an NRI, the following documents are needed on your end to make the land purchases:
Property purchase is one of the best options for NRIs in terms of investment, especially in India. With continuous amendments and revisions in the Land Acquisition Act, relaxation of FDI rules and the Real Estate Regulatory Bill, NRIs are benefiting more and more with time in the domain of property purchase. The Reserve Bank of India grants permission to NRIs to purchase or sell land either through foreign exchange (for which any Indian bank can be used as a medium) or through NRE/FCNR accounts. A copy of it has to be submitted to the central office of The Reserve Bank of India within a period of 90 days post the purchase; though no official permission is required to make the purchase and hence the buyer has all the freedom here.
You’re eligible to make purchases if you’re an NRI residing outside at the moment, a PIO (Person of Indian Origin) who’s owned an Indian passport at any point, or someone whose father or grandfather was an Indian citizen according to the Constitution of India or the Citizenship Act, 1955.
Saamarth Group as a Real Estate Company has built both residential and commercial properties keeping in mind all the technicalities and luxuries as per an NRI requirement. It has ensured to make your process of investment as convenient as possible, keeping in mind. So come, invest both your money and trust in us with complete safety.
To make the process of buying a property easier for our ever-growing NRI customer base, we have compiled a comprehensive set of facts, rules, and requirements in one place which makes investing in our properties hassle-free.
Email Us : office@saamarthgroup.com
Call for Enquiry : +91 98250 80985
Saamarth H7, Nr GNLU, PDPU Road, Koba, Gandhinagar 382426
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+91 98250 11711