Tag: nriway NRI support

Best property investment tips for NRIs


The Foreign Exchange Management Act (FEMA), which is overseen by the Reserve Bank of India, governs the purchase and acquisition of immovable assets in India by non-residents (RBI). For FEMA purposes, a Non Resident Indian (NRI) is an Indian citizen who resides outside of India. OCI refers to a non-Indian citizen who was born in India or whose parents or grandparents were born there (Overseas Citizen of India). For the sake of our discussion, I will refer to both NRIs and OCIs as NRIs because they are considered equally for real estate investment. The provisions that apply to NRIs and OCIs are the focus of this discussion.

Read more

Nine things to know for an NRI purchasing property in India


Even though you have been outside India throughout recent years and picked up the status of 'Non-Resident Indian,' a couple of you would, in any case, have plans to return to India and consume your retirement time on earth here, reviewing your adolescence. As a component of satisfying this fantasy, you might need to put resources into Indian land.

Read more