NRI A person is labelled a Non-Resident Indian (NRI) if he/she is an Indian citizen but stays abroad for employment purpose or under circumstances indicating an intention for uncertain duration.
PIO
PIO or Person of Indian Origin is one who held Indian Passport at any time or whose father or grandfather was a citizen of India as per the Constitution of India or the Citizenship Act, 1955.
OCI
OCI or Overseas Citizen of India is:
– One who was Indian citizen at the time of, or at any time after, the commencement of Constitution.
– One who was eligible to become a citizen of India at the time of the commencement of the Constitution.
– One who belongs to a territory that became part of India after 15th August, 1947.

As per the Reserve Bank of India (RBI), an NRI/PIO/OCI can freely purchase immovable property including residential and commercial assets. But he cannot purchase agricultural land / plantation property / farm house in India.

Payments can be made through the following:
– Amount remitted to India through normal banking channels, or
– Funds held in NRE / FCNR (B) / NRO account maintained in India – these are three kinds of accounts that an NRI can hold with banks in India.

NRE or Non-Resident External Rupee account can be opened by the NRI himself and not through the holder of POA. It can be in the form of Savings, current or recurring or FD account with maturity of minimum one year.
FCNR or Foreign Currency Non-Resident (Bank) account provides nomination facility in which the nominee can be a resident of India.

NRO or Non-Resident Ordinary Rupee account can be opened by anybody who is resident outside India for carrying out transactions in rupees. It can be opened in the form of current, savings or recurring or FD account.
(Note: Payments via traveler’s cheque or by foreign currency notes or by other mode is not permitted in property purchase.)

It is recommended that an NRI give the POA to his relative/friend since it makes documentation work easier. When NRIs buy under-construction properties, developers ask for a POA from them to execute all paperwork including contracts, deeds, mortgage or lease when the NRI isn’t in the country. Also, POA comes handy in case of selling the property. But, tread with caution! It is always advisable to get the documents run through a professional lawyer.

1. Indian passport
2. PIO Card
   • If you hold passport of any foreign country.
   • If you are a foreign citizen whose father or grandfather was a citizen of India.
3. OCI Card
   • It is required if you are not a citizen of India, but eligible to become an Indian citizen before or after partition.
   (Note: You can apply for these cards in the Indian embassy or consulate in the country of your residence by producing your parents birth certificate as proof that you are an OCI or PIO.)
4. PAN Card
   • Permanent Account Number (PAN) is mandatory to file income tax returns in India in case the property is rented out or sold.
5. Power of Attorney (POA)
   • The person given the POA can get the registration, execution of the sale, possession and other processes done on your behalf.
6. Others
   Address proof and passport size photographs.

• India’s real estate market is expected to reach US$ 180 billion by 2020 from US$ 126 billion in 2015. This sector is expected to contribute around 11% to India’s GDP by 2020
• Nuclear families, rapid urbanization and rising household income are remain the key drivers for real estate growth.

Why India?

• ROBUST DEMAND
• INCREASING INVESTMENT
• POLICY BENEFITS
• ATTRACTIVE OPPORTUNITIES

Why Invest in India?

• World’s most promising fastest growing economy
• Expected to be top 3 economic power in the coming years
• Developing nation means we have vast potential for growth in real estate sector
• Housing industry growing 5% year on year
• A sensible investment option during these volatile times.

Gulf Cooperation Council is the biggest source of NRI investments, contributing to 42% of the total investment inflow, since there is no citizenship option available in the Gulf Region.

• EXPECTED NRI INVESTMENTS WILL RISE TO $13.1
• BILLION IN FY 2021 FROM $6 BILLION IN FY 2014

• Oxford of the East
• Reasonable Cost of Living & Rapide Real Estate Appreciation
• ‘Weather’ Queen of the Deccan
• A Booming IT Hub
• Safe City

• Mega City in the making; will be the 6th largest city with a GDP of $76 billion
• Growing demand for luxury homes as well as higher mid-income residences in the price range of Rs.65 lakhs to Rs.3.5 crore and above
• The largest concentration of IT companies

• 25 years of experience of working closely with government bodies
• Impeccable post-sales experience
• Complete transparency throughout the sales journey
• Thoughtful, wastage-free designs, in harmony with the surroundings
• Quality construction that sets the bar for others
• Experienced and knowledgeable staff to help you throughout the sales journey
• Projects in the most elite and sought-after locations in Pune
• Lifestyle spaces crafted with the customers’ preferences and aspirations in mind