At Sanjeevini Group, we understand the unique needs of Non-Resident Indians (NRIs) looking to invest in real estate in India. Our dedicated NRI Corner offers seamless property buying, investment guidance, and end-to-end support, ensuring a hassle-free experience.
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NRI FAQ’s
Can NRIs invest in real estate in India?
Yes, NRIs (Non-Resident Indians) can invest in residential and commercial properties in India. There are no restrictions on the number of properties they can purchase.
What types of properties can NRIs invest in with Sanjeevini Group?
NRIs can invest in a range of properties including residential apartments, villas, open plots, and commercial spaces offered by Sanjeevini Group.
Are there any tax benefits for NRIs investing in real estate in India?
Yes, NRIs are eligible for the same tax benefits as resident Indians when it comes to home loans and capital gains. Deductions under Section 80C and other sections apply.
Can NRIs get home loans in India to invest in Sanjeevini Group properties?
Yes, most banks and financial institutions in India offer home loans to NRIs. The process is similar to that for resident Indians, with some additional documentation required.
What are the legal requirements for NRIs investing in Indian real estate?
NRIs need a valid passport, PAN card, and an NRE/NRO account in India for property transactions. It’s also advisable to have a Power of Attorney if you’re not physically present in India.
How can NRIs manage their property investments in India?
NRIs can manage their properties through property management services, a Power of Attorney, or by visiting India periodically. Sanjeevini Group offers assistance in property management for NRIs.
What is the process for NRIs to repatriate funds from property sales in India?
NRIs can repatriate the sale proceeds of property in India through their NRO account, subject to the fulfillment of tax obligations and compliance with RBI guidelines.
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