Falling Indian rupees invite more NRI investment in India. A majority of NRIs plan to invest on real estate properties. Sumansa Exhibitions’ survey disclosed that nearly 89% of the UAE NRIs do have investments in real estate. The role of Non-Resident Indians (NRIs) in the investment strategy of India is prominent. Recent studies prove that […]
Tag: NRI
Checklist for NRIs Willing To Invest In Real Estate
October 5, 2009 – 5:40 pm
1. Doing a bit of research on the track record of builder can help. 2. For any real estate purchase it is preferable to make visits to the sites before buying them. This exercise is worth it not only because we are committing a large amount of money but also because reversing the decision proves […]
Vijaya Bank looking at business from NRI accounts
September 28, 2009 – 2:01 pm
Vijaya Bank has prepared a blueprint for taking its business from NRI accounts to five thousand crore rupees by 2011. At present, NRI accounts contribute almost thirteen hundred crore rupees to its consolidated business volume. Vijaya Bank Chairman and MD Albert Tauro said, “We are working on ‘Mission NRI 5000’ to grow to five thousand […]
NRIs Coming Back To Indian Property Market
July 5, 2008 – 6:03 am
After having lived outside of India for close to 40 years or even more, many NRIs are now joining a reverse flow into India, and investing in property back home. Many are looking for retirement, or semi-retirement homes that may later tempt their children or grandchildren into connections with India. But it can also be […]
NRIs Are Showing Interest In Investing In Property
January 30, 2008 – 2:49 am
Indians going overseas for better economic prospects has been an ongoing phenomenon for decades. But in the past few years NRIs are looking to invest in real estate here. This is why because they see this as a way of staying in feel with their soil identity, others as a purely money-making exercise. Whatever the […]
Facts Regarding Property Dealing With NRI
January 28, 2008 – 5:56 am
There are some queries regarding property dealing with NRI, which always create confusion. The most confusing matter is that when Reserve Bank’s permission is mandatory and when there is no need of all that stuff. Non-resident Indian do not require permission from the Reserve Bank to acquire residential or commercial property. The Reserve Bank has […]
Rules for Mode of payment for purchase by Person Resident Outside India
January 28, 2008 – 5:49 am
NRI and PIO can make payment for purchase of residential and commercial property either by fund paid to India through normal banking channel or by funds held in NRE / FCNR (B) / NRO account maintained in India. Payment can not be made either by traveler’s cheque or by foreign currency notes. Payment can not […]
Laws for Possession of Immovable Property in India by a Person Resident Outside India
January 28, 2008 – 5:44 am
Under the law, the following categories can freely purchase immovable property in India: i) Non-Resident Indian (NRI) – that is a citizen of India resident outside India. ii) Person of Indian Origin (PIO) – that is an individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran […]
Rules for Transfer of Immovable Property in India
January 15, 2008 – 3:27 am
Immovable property transfer occurs as a big issue sometimes. Sometimes confusions make it more complex. Here’s the clear view of property transfer rules. Immovable property can be transferred by sale or by gift or through mortgage. NRI, PIO, Foreign national must have to follow some rules while selling immovable property in India. NRI can sell […]
Indian Property Exhibition held in Kuwait
January 14, 2008 – 12:36 am
Jan 09, 2008: Indian property is now in demand outside the India too. All India property exhibition will be held at the Kuwait Ramada Hotel on Jan 11 & 12, 2008. Various leading builders and housing finance organizations from India will take part. Large number of residential and commercial properties from all over India will […]
