For Non-Resident Indians (NRIs),

A Complete set of scaned legal documents will be mailed to you at your mailing address.

Actual site photograph, geographical location of the site will be mailed to you.

Any information you ask will be conveyed to you by return mail to you.

Your friends &/or relatives residing in India can visit to the site.

We will help you to pay through various modes available and our Chartered Accountant will help in the case if required.

Following are some most general information regarding sale & purchase of immovable properties:

The foreign citizens of Indian origin, whether resident in India or not, do not required to obtain permission of Reserve Bank.

The purchase consideration can be met either out of inward remittances in foreign exchange through normal banking channels or out of funds from NRE/FCNR accounts maintained with banks in India.

The foreign citizens of Indian origin are required to file a declaration in form IPI 7 with the Central Office of Reserve Bank at Mumbai within a period of 90 days from the date of purchase of immovable property or final payment of purchase consideration alongwith a certified copy of the document evidencing the transaction and bank certificate regarding the consideration paid.

Reserve Bank has granted general permission for sale of such property.

In respect of residential properties purchased, Reserve Bank considers applications for repatriation of sale proceeds up to the consideration amount remitted in foreign exchange for the acquisition of the property for two such properties.

Applications for repatriation of sale proceeds are considered provided the sale takes place after three years from the date of final purchase deed or from the date of payment of final instalment of consideration amount, whichever is later.













 
 
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