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Real Estate Forum on Nri

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: Hello

Case: I wish to invest in commercial property(shop/office) by forming my own company(investment holding co). Income will be purely rental income.
This is purely for tax reasons as I am an NRI.
My question is:
1. Will banks give property loans to such company?
2. Out of various classes of companies, which class will I need to form?

As clarification, my capital will be sufficient only for 1 shop ~400sqft in Pune.

Latest Answer: Yes, a non-resident Indian can buy either a residential property or a commercial property in India but he cannot buy agricultural land, plantation land or a farm house in India. He cannot even acquire such property as a gift. 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 and commercial property in India.
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Q: Non-Resident Indians, who return to the country every now and then can purchase a house in India.
Latest Answer: Hi folks, Yes, and any other flat cannot be imposed upon the consumers. They have got their free will to accept or reject the other flats offered to the complainants.
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Q: In a bid to reach out to NRIs, real estate firm Brigade Group today announced its tie-up with former Australian cricketer Steve Waugh-promoted Waugh Global Realty.

Latest Answer: Definitely, NRIs' will get a help in thier home buying. Speaking on the tie-up, Brigade CMD M R Jaishankar told the consumer today is mainly online and buying homes online is the way ahead. They are happy to partner with "waughglobal.com" to display their properties to potential buyers across the world.
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Q: I want to know what are the rules for an NRI to sell his inherited property in India ???

Latest Answer: Hi, Raksha is a Leading Property Management Service in Bengaluru, Chennai, and Cochin. We have a significant presence in New York, Toronto, London, and Sydney. Please visit www.rakshapm.com
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Q: NRIs and NROs (Non Resident Owners): We provide end-to-end service representing you to interior service provider to furnish your house and make it rental ready. If interested please contact Malay.K.Shah@gmail.com, 9845962121. References available.
nri
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Q: Hi..Currently i am living in Canada and i am an NRI..i just want to know if i can acquire agricultural land..??

Latest Answer: NRI/PIO cannot acquire agricultural land/plantation/farm house in India by way of purchase.An NRI or a PIO may acquire residential/commercial property by way of gift from a resident of India, an NRI or a PIO. residential Flats for Sale in Pune
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Q: Hi...my cousin is NRI...he wants to buy property in India..is there any limit..??
Latest Answer: In terms of types of property, yes there is. Agricultural and large land for plantations is not for NRIs, while there is no limit with residential property and land, there may be certain restrictions, depending on subjective laws. There are permissions that need to be taken and processes that need to be followed when acquiring land in India, as an NRI. While you need external professional help like an agent or broker, it is always better to eliminate them and directly opt for developers that provide these services themselves. There are real estate firms that do this, and value NRI investment and big reputed names at that, mahindra lifespaces is one such company.
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Q: Hello sir! I just wanted to know the role play of NRI investment at present in Indian real estate sector!

Latest Answer: NRI's investments in Indian real estate play an important role in real estate. The CREDAI claimed that NRI's investments has been recorded as maximum when compared to the citizen’s investment throughout India.
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Q: I am an Indian, working in Netherlands since 5 years. Can I buy an agricultural land near Bangalore?
nri
Latest Answer: Mr Irfan..You can email me at this ID mailtosameeras@rediffmail.com. Pls provide your contact no...i'll get back to you.
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Q: I am an NRI settled in California. What are all the restrictions available for an NRI to buy properties in India?

Latest Answer: Yes, sometimes it gets difficult for an NRI to buy a property in India due to Law and order of the country. The best way to find a property is to hire a reputed real estate company, they can give you all the facilities with getting into any trouble. And one company I know is https://friendsofnri.com/services/ they can help you in buying property in India, here you can check all their services.
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