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NRI Corner

OVERVIEW

Welcome to Drushti Group – one of the premier and eminent property developers in India.

Drushti Group offers elite, prime, and world-class homes for affluent, luxurious, contemporary, and modernized living.
We ensure to offer avant-garde commitment. Where clients experience beyond expectations,
where every aspect of fine living is foreseen. If you are an NRI who is looking to garner the great benefits of buying property in India
or if you have any queries related to property purchase, we are always ready to help you.

LEGAL INFORMATION

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IF YOU’RE AN NRI, THE FOLLOWING DOCUMENTS ARE NEEDED ON YOUR END TO MAKE THE LAND PURCHASES:

Power of attorney must be provided in the name of a person, who is residing in India, so that, he can carry out all the legal and financial proceedings on your behalf.

A copy of your passport (in case your PAN card is unavailable)

An NRE or NRO account is needed to carry out transactions with the builder.

After the implementation of the Real Estate Regulation and Development Act (RERA) and the Goods and Services Tax (GST), property purchase is one of the best options for NRIs in terms of investment, especially in India.

With the incessant and ceaseless amendments and continuous revisions and emendation in the Land Acquisition Act, relaxation of FDI rules and the Real Estate Regulatory Bill, NRIs are benefiting more in the domain of property purchase.

The Reserve Bank of India has acknowledged and permitted 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 facsimile 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. However, no official permission is required to make the purchase and consequently, the buyer has all the freedom here

As an NRI, residing outside India, you are entitled to purchase properties in India. If you’re an NRI, PIO residing outside India at the moment, but who’s owned an Indian passport at any point of time, or someone whose father or grandfather was an Indian citizen according to the Constitution of India or the Citizenship Act, 1955 is eligible to purchase properties in India.

Drushti Group is a premier Real Estate Enterprise in India. Over the years it has built both residential and commercial properties keeping in mind all the technicalities and grandeur attributes as per an NRIs requirement. It has ensured to make your process of investment as convenient as possible, So come, invest both your money and trust in us with complete safety.

Enquire now

NRI CUSTOMER CARE

TOll Free: +91 22 2617 5566/67/70

For NRIs: sales@drushtigroup.com

Sales Enquiry

For any Sales Enquiry please call +91 22 2617 5566/67/70
Or fill out the form

FAQ's

Who is an NRI?

An Indian citizen residing outside India for a combined total of at least 183 days in a financial year is considered to be an NRI.

Who is a PIO?

A Person of Indian Origin (PIO) means a foreign citizen who at any point in time held an Indian passport.

Can an NRI buy immovable property in India?

Yes, an NRI can purchase immovable property in India.

Can a PIO buy immovable property in India?

A PIO can acquire or transfer, by way of purchase any immovable property (other than agricultural land/plantation property/farm house) in India.

What are the taxes applicable for the income generated from the property?

NRI and every individual must file an income tax return if their income exceeds Rs 2,50,000. But NRIs are only taxed for income earned/collected in India.

Can an NRI sell his property in India without the RBI’s permission?

No, previous approval is necessary to sell properties in India.

Can an NRI obtain or give off residential properties by means of gifts?

Yes, NRI’s can gift immovable property located in India.

Can an NRI get a loan for purchasing property in India?

Yes, NRI’s are eligible to take home loans.

Can an NRI buy commercial property in India?

An NRI or a Person of Indian Origin (PIO) is legally entitled to buy residential and commercial properties in India without prior permission from RBI and there is no restriction on the number of immovable properties they can buy.

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