Good Return on Investment
Non-resident Indians have played a significant role in the Indian real estate market. They generally buy properties in India for investment purposes or out of pure emotional connection to the country and if they plan to settle back, once they retire.
After years of experience, Vaishnavi Infracon deeply understands the process that helps us in assisting you and your needs better. At Vaishnavi Infracon, our intent is always to give you the best through our value points of – transparency, efficiency, and quality.
Although Hyderabad came into the spotlight as India's one of India's 'IT city', it's grown to be much more. MNCs across sectors - Information Tech, Biotech, Pharma, Aviation, Automotive - are expanding their presence across the city which is enhancing the economy cycle.
The Revolutionaries in Real Estate.
Hyderabad's ever-evolving infrastructure domain has proven itself as a fruitful option when it comes to investment for NRI's. City has good quality social infrastructure, renowned educational institutions, and easy connectivity to major cities.
At Vaishnavi Infracon we make it convenient and render with quality services that help you to fulfill your dreams and make them come true. Hence, as an NRI, if you are looking for a higher return on investment, you must definitely consider investing in our range of apartments.
We Have 20 Years Of Experience in Real Estate Industry
Frequently Asked Questions
1. Who is a Non-Resident Indian (NRI) ?
An Indian citizen who stays abroad for employment/ carrying business or vocation for a certain period is a non-resident.
2. Who is Overseas Citizen of India (OCI)?
The Overseas Citizenship of India (OCI) is an immigration status permitting a foreign citizen of Indian origin to live and work in India.
3. Can NRIs buy real estate properties in India?
Yes. NRIs can buy and sell residential and commercial properties in India.
4. Is there any restriction on the number of properties, NRIs can buy in India?
There is no restriction on the number of residential or commercial properties an NRI can own in India. But there are certain laws that restrict NRIs from purchasing any kind of agricultural land / plantation property / farm house in India.
5. Do NRIs have to take permission from Reserve Bank before purchasing a property in India?
Reserve Bank has granted general permission to the NRI's whether resident in India or abroad, to purchase immovable property in India for their bonafide residential purpose. They are, therefore, not required to obtain the permission of the Reserve Bank.
6. Are there any formalities required to be completed by NRIs for purchasing real estate properties?
They 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 along with a certified copy of the document evidencing the transaction and bank certificate regarding the consideration paid.
7. Can such property be sold without permission of Reserve Bank?
Yes, Reserve Bank has granted permission for sale of such property.
8. Can the properties be given on rent if not required for immediate use?
Yes. Reserve Bank has granted general permission for letting out any immovable property in India. Any sort of income from such investment is eligible for repatriation.
9. Can NRIs transfer residential property by way of gift? If yes, to whom?
Yes, the Reserve Bank has granted permission to NRIs to acquire or dispose of NRI India Properties by way of a gift from or to a relative who may be an Indian citizen whether resident in India or not.
10. Does Capital Gains Tax (CGT) apply to NRI/OCI?
Yes. Long-term and short-term capital gains are taxable to NRI/OCI.