Toll Free Number
1800 121 3321
Call Us Now
+91 22 400 209 09

NRI FAQ

Who is a non-resident Indian (NRI)?
Who is a person of Indian Origin?
Do non-resident Indian citizens require permission of Reserve Bank to acquire residential/commercial property in India?
Do foreign citizens of Indian origin require permission of Reserve Bank to purchase immovable property in India for their residential use?
In what manner the purchase consideration for the residential immovable property should be paid by foreign citizens of Indian origin under the general permission?
What are the formalities required to be completed by foreign citizens of Indian origin for purchasing residential immovable property in India under the general permission?
Can such property be sold without the permission of Reserve Bank?
Can sale proceeds of such property if and when sold be remitted out of India?
Are any conditions required to be fulfilled if repatriation of sale proceeds is desired?
What is the procedure for seeking such repatriation?
Can foreign citizens of Indian origin acquire or dispose of residential property by way of gift?
Can immovable property held in India, be transferred by way of gift to relatives/registered charitable trusts/organizations in India?
Can foreign citizens of Indian origin acquire commercial properties in India?
Can they dispose of such properties?
Can sale proceeds of such property be remitted out of India?
Can the properties (residential/commercial) be given on rent if not required for immediate use?
Can NRIs obtain loans for acquisition of a house/flat for residential purpose from authorized dealers/financial institutions providing housing finance?
Can Indian companies grant loans to their NRI staff?
Can authorized dealer grant housing loan to non-resident of Indian nationality where he is a principal borrower with his resident close relative as a co-obligant/guarantor or where the land is owned jointly by such NRI borrower & resident close relative

Send Query