An Indian Citizen who stays abroad for employment/carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident. (Persons posted in U.N. organizations and officials deputed abroad by Central/State Governments and Public Sector undertakings on temporary assignments are also treated as non-residents). Non-resident foreign citizens of Indian Origin are treated on par with non-resident Indian citizens (NRIs) for the purpose of certain facilities.
Though the returns are less then Mutual fund or any other investment but because of new development plan in Real Estate industry in India, Right time to invest specially in commercial property by NRI's and get assured returns.
Already permission granted by RBI but still has to intimate GM of RBI about purchasing immovable property in India.
Has to pay as per foreign currency remitted to India as per channel directed by RBI or thru their NRI account with any bank and Branch in India.
Yes. But as per the norms set by RBI.
Yes. But as per the sale and purchased norms and repatriation rules as per RBI.
After 3 year of purchase deed or the last installment payment made towards the said deal. And also by informing Office of RBI within 90 days from sale date by informing reason to do so.
Repatriation amount should not exceed more than the amount of purchasing of said property. Or should be equal to foreign currency on that particular day.
Yes. But as per G N granted by RBI.
Yes. From their respective bank abroad and also from any bank in India but as per G N of RBI and the repayment tenure will not exceed more than 15 years.
Max. USD 1 million in a calendar year as per norms of RBI, thru authorized dealers.
The investment will be stable or will get more returns but NO LOSS on investment as per New development plan by government to give boost to Real Estate Industry.