NRI Corner

The global standards of Salarpuria Sattva’s offerings have made it a trusted name among NRI investors. Our properties are in some of the most sought-after premium locations in major cities in the country. Not only do we offer world-class amenities and the best of features that NRI’s would expect to come home to, we also offer excellent returns on investment.  These factors paired with the excellent financial guidance that Salarpuria Sattva provides makes us a top-notch choice for NRI’s around the world.

Tips For Buying Property In India

  1. If you are an NRI buying property in India you do not require any special permission. However, you have to make the purchase using Indian currency, the Rupee, through funds received in the country by means of normal banking channels.
  2. The funds have to be maintained in a non-resident account under the Foreign Exchange Management Act (FEMA) and the Reserve Bank of India (RBI) regulations.
  3. There are also no restrictions on the number of immovable properties that an NRI may purchase, either residential or commercial.
  4. NRIs can buy all sorts of immovable properties in India other than agricultural land, farmhouse and plantation property.
  5. To acquire agricultural land/plantation property/farm house in India, they have to get approval from the RBI and the government.
  6. When an NRI sells a property in India, TDS (tax deducted at source) calculation is done at the rate of 20.6 percent on long-term capital gains and 30.9 percent on short-term capital gains.
  7. The RBI has given a general permission to banks and housing finance companies registered with the National Housing Bank to provide loans to NRIs for buying residential property in India. Sanctioned in Indian currency, the loan has to be repaid using the same currency
  8. As you live outside, NRIs have an option to give Power Of Attorney to their friends or relatives,  to complete the property purchase process in India.

If you are looking for the most attractive and profitable property investments in India, do fill in your details.

Under the Foreign Exchange Regulation Act of 1973, Non-Resident Indians are:
Indian citizens who stay abroad for employment or carrying on business or vocation outside India or for any other purpose in circumstances indicating an indefinite period of stay abroad; OR
Government servants who are posted abroad on duty with the Indian missions and similar other agencies set up abroad by the Government of India where the officials draw their salaries out of Government resources; OR
Government servants deputed abroad on assignments with foreign Governments or regional/international agencies like the World Bank, International Monetary Fund (IMF), World Health Organisation (WHO), Economic and Social Commission for Asia and the Pacific (ESCAP) OR
Officials of the State Government and Public Sector Undertakings deputed abroad on temporary assignments or posted to their branches or offices abroad.

Under the Foreign Exchange Regulation Act of 1973, Non-Resident Indians are:
Indian citizens who stay abroad for employment or carrying on business or vocation outside India or for any other purpose in circumstances indicating an indefinite period of stay abroad; OR
Government servants who are posted abroad on duty with the Indian missions and similar other agencies set up abroad by the Government of India where the officials draw their salaries out of Government resources; OR
Government servants deputed abroad on assignments with foreign Governments or regional/international agencies like the World Bank, International Monetary Fund (IMF), World Health Organisation (WHO), Economic and Social Commission for Asia and the Pacific (ESCAP) OR
Officials of the State Government and Public Sector Undertakings deputed abroad on temporary assignments or posted to their branches or offices abroad.