Phone number:

1-800-506-266

Opening times:

Mon - Sat: 7.00 - 18:00

E-mail address:

info@sairama.in

I’m interested in knowing more from Sairama Group

Non-resident Indians holding Indian passport don't need any permission from RBI for buying property for residence as section thirty one of FERA 1973 isn't applicable to them.
The Non-Resident Indians (NRIs) are recognized under the Foreign Exchange Regulatory Act, 1973.
Every bank & finance companies follow the RBI guidelines to define NRI - "An Indian citizen who holds a Indian passport and who stays abroad for employment or for carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a NRI."
Indian voters UN agency keep abroad for employment or for carrying on business or vocation outside Bharat or for the other purpose in circumstances indicating AN indefinite amount of keep abroad;
NRIs will avail of loans by mortgaging an existing residential property.or availing home loans,
NRIs have to fulfil certain conditions according to provisions of the Income Tax Act.
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