FREQUENTLY ASKED QUESTIONS FOR NRIs

If you are an NRI, looking to invest in your home country, now is the perfect time to invest, and AVA Group is your top choice. Renowned for delivering on promises, we offer luxurious homes with unbeatable amenities. Invest wisely for the lifestyle you deserve.

FAQs

Who is an NRI?

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  • An NRI, or Non-Resident Indian, is an individual who resides outside India and holds Indian citizenship or is of Indian origin. The Foreign Exchange Management Act, 1999, defines a person resident outside India as someone not residing in the country.
  • This includes scenarios where:
    - An individual stays in India for less than 182 days during the previous financial year or
    - When someone has departed from India or remains outside the country.

Who is a PIO?

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WHAT ARE THE VARIOUS FACILITIES AVAILABLE TO NRI/ OCB?

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WHO CAN PURCHASE IMMOVABLE PROPERTY IN INDIA?

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CAN A NRI ACQUIRE A COMMERCIAL PROPERTY IN INDIA?

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Can NRIs obtain loans for acquisition of a house/flat for residentialpurpose from financial institutions providing housing finance?

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WHAT IS THE ROLE OF POWER OF ATTORNEY WHEN AN NRI TRIES TO BUY A PROPERTY IN INDIA?

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WHAT IS THE LOAN SANCTION PROCESS & DOCUMENTATION REQUIRED?

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CAN AN NRI/PIO ACQUIRE AGRICULTURAL LAND/PLANTATION PROPERTY/FARMHOUSE IN INDIA?

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