NRI Guide

IN-LAND Builders, Mangalore | Bangalore

builders in mangalore

No. NRI's do not require any permission to acquire any immovable property in India other than agricultural / plantation property or a farm house.

No. NRI's do not require any permission to transfer any immovable property in India. Permission is required only in the case of transferring of agricultural or plantation property or farm house to another citizen of India NRI or PIO.

Yes. Reserve Bank has granted general permission for sale of such property. However, where another foreign citizen of Indian origin purchases the property, funds towards the purchase consideration should either be remitted to India or paid out of balances in non-resident accounts maintained with banks in India.

Yes, the Reserve Bank has granted general permission to NRIs to acquire or dispose of NRI India Properties by way of gift from or to a relative who may be an Indian citizen or a person of Indian origin (PIO) whether resident in India or not.

Yes. Reserve Bank has granted general permission for letting out any immovable property in India. The rental income or proceeds of any investment of such income is eligible for repatriation

Unless returns are filed in India, NRIs cannot avail of the tax benefits as mentioned under Home Loans.

NRI citizens are eligible for availing finance in India and many banks and financial institutions offer attractive schemes to them.

  • Last 3 Months Pay Slips.
  • Last 6 Months Bank statement (Salary credit).
  • Form 16.
  • Latest Photographs with signature.
  • Passport copy.
  • Processing fee Cheque.
  • Personal profile.
  • NRI Bank statement.
  • WLL 2 Form.
  • Work Permit.
  • Latest Increment Letter (if any).
  • Power of Attorney.
  • Check Credit Payment.
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