Gopalan Enterprises offers homes that are a blend of luxury and comfort. We make sure that we give all our customers more than their expectations. If you are an NRI who is looking to buy a property in Bangalore or have any queries related to property purchase, we are always ready to help you.
- Power of attorney in the name of a person residing in India who can carry out legal and financial proceedings on your behalf
- Your PAN Card
- A copy of your passport (in case your PAN card is unavailable)
- An NRE or NRO account to carry out transactions with the builder
With continuous amendments and revisions in the Land Acquisition Act, relaxation of FDI rules and the Real Estate Regulatory bill, NRIs are benefiting a lot in the domain of property purchase. The Reserve Bank of India grants permission to NRIs to purchase or sell land either through foreign exchange (for which any Indian bank can be used as a medium) or through NRE/FCNR accounts. A copy of it has to be submitted to the central office of The Reserve Bank of India within a period of 90 days post the purchase; though no official permission is required to make the purchase and hence the buyer has all the freedom here.
An NRI (Non Resident Indian) is an Indian citizen who works abroad or carrying vocation outside India for an uncertain duration is a non-resident.
Person of Indian Origin or PIO is a person, who at any time held Indian passport, or he or his parents / grandparents were Indian citizen as per the Constitution of India or Citizenship Act, 1955.
No, NRIs cannot do that.
Yes, NRIs are allowed to obtain or give off properties in the means of gift to anyone who may be a citizen of India or a PIO.
There are a certain institutions like LIC Housing Finance Ltd., HDFC, etc. that have been granted the general permission to provide housing loans to NRIs.
