NRI Services

If you are a non-resident Indian (NRI) and planning to buy a property in India then Dwarka Homes is the best real estate agent in Dwarka, Delhi,India. Contact at 9999997190 While India's real estate sector has seen a price correction in the recent past, buying property in Indian has also become more lucrative with favorable currency rates.

1. An NRI buying an immovable property or flats in India does not require any special permission by RBI. However, the payment can't be made in foreign currency. 

2. NRIs can make the purchase the property by using Indian currency, through funds received in the country by the normal banking channels. 

3. These funds have to be maintained in a non-resident account under the foreign Exchange management Act (FEMA) and the Reserve Bank of India (RBI) regulations. 

4. There are also no restrictions on the number of immovable properties that an NRI may purchase, either residential or commercial.

5. An NRI can purchase the property, either as a single owner, or jointly, with any other NRI. 

6. NRI is applicable to sell, or gift an immovable property to any person resident in India. 

7. NRIs cannot purchase farmhouses in India. If they he/she wants to purchase a farmhouse will have to take a specific permission from RBI.

8. RBI has given a general permission to NRIs, to purchase any residential or commercial property in India.