An NRI (Non Resident Indian) is an Indian citizen who works abroad or carrying vocation outside India for an uncertain duration is a non-resident.
Attention NRIs: Smooth Land Purchases Made Easy with Assure Developers!
As an NRI, we understand that purchasing land in India involves specific documentation. At Assure Developers, we ensure a hassle-free process by providing you with a comprehensive list of required documents. Here’s what you’ll need:
Power of Attorney: Provide a power of attorney in the name of a trusted individual residing in India who can handle legal and financial matters on your behalf.
PAN Card: Submit a copy of your PAN card, which is essential for financial transactions and compliance purposes.
Passport Copy: In case your PAN card is unavailable, please provide a copy of your passport for identification verification.
NRE or NRO Account: Have an NRE (Non-Residential External) or NRO (Non-Residential Ordinary) account in order to facilitate smooth transactions with the builder.
We understand that regulations regarding land acquisition, FDI rules, and real estate policies are constantly evolving. Rest assured, Assure Developers stays updated with these changes, ensuring that our NRI clients benefit from the latest amendments.
As an NRI, you have the privilege to purchase or sell land in India without the need for official permission. The Reserve Bank of India permits these transactions through foreign exchange or NRE/FCNR accounts, with a copy of the transaction to be submitted within 90 days to the RBI central office.
At Assure Developers, we value your freedom and provide a transparent and seamless experience. Our team is dedicated to guiding you through the entire process, ensuring your land purchase is a smooth and secure transaction.
Invest with confidence in Assure Developers, where we make your dreams of owning land in India a reality. Contact us today to explore our exceptional projects and embark on an enriching real estate journey.
Person of Indian Origin or PIO is a person, who at any time held Indian passport, or he or his parents / grandparents were Indian citizen as per the Constitution of India or Citizenship Act, 1955.
No, NRIs cannot do that.
Yes, NRIs are allowed to obtain or give off properties in the means of gift to anyone who may be a citizen of India or a PIO.
There are a certain institutions like LIC Housing Finance Ltd., HDFC, etc. that have been granted the general permission to provide housing loans to NRIs.