LEGAL INFORMATION

Required Documents for NRIs to Purchase Land in India

1. Power of Attorney:

Power of attorney in the name of a person residing in India who can carry out legal and financial proceedings on your behalf.

2. Identification Documents:

Your PAN Card.
A copy of your passport (if your PAN card is unavailable).

3. Bank Account:

An NRE (Non-Resident External) or NRO (Non-Resident Ordinary) account to carry out transactions with the builder.

Benefits of Property Purchase for NRIs

1. Investment Opportunities:

Property purchase is one of the best investment options for NRIs in India.

2. Regulatory Support:

Continuous amendments and revisions in the Land Acquisition Act.
Relaxation of FDI (Foreign Direct Investment) rules.
Implementation of the Real Estate Regulatory bill.

3. Permissions and Procedures:

The Reserve Bank of India grants permission to NRIs to purchase or sell land through foreign exchange or NRE/FCNR accounts.
No official permission is required to make the purchase.
A copy of the purchase has to be submitted to the central office of The Reserve Bank of India within 90 days post-purchase.

Eligibility for Purchase

1. NRI Status:

You’re eligible if you’re an NRI residing outside India at the moment.

2. Person of Indian Origin (PIO):

You’re eligible if you have owned an Indian passport at any point.
You’re eligible if your father or grandfather was an Indian citizen according to the Constitution of India or the Citizenship Act, 1955.

Puravankara's Real Estate Services for NRIs

1. Tailored Properties:

Puravankara builds residential and commercial properties with technicalities and luxuries suited to NRI requirements.

2. Convenient Investment Process:

Puravankara ensures a convenient investment process for NRIs.
Offers complete safety for both money and trust.

So come, invest both your money, and trust in us with complete safety.