An NRI or an OCI can acquire immovable property in India (other than an agricultural land or farmhouse or plantation property) by way of Gift only from a person resident in India or from an NRI or from an OCI, who in any case is a relative as defined in clause (77) of section 2 of the Companies Act, 2013. Refer Rule 24(b) of the NDI Rules.

Yes, there are various floor plans to choose from. Each floor plan is designed to maximize space and provide a comfortable living experience.

An NRI or an OCI can acquire any immovable property in India by way of inheritance from:a person resident outside India who had acquired such property in accordance with the foreign exchange law in force at the time of acquisition by him/her;a person resident in IndiaRefer Rule 24(c) of the NDI Rules.

An NRI or an OCI can transfer:any immovable property in India to a person resident in India;any immovable property in India (other than agricultural land or farm house or plantation property) to an NRI or an OCI.Refer Rules 24(d) and 24(e) of the NDI Rules. Note: The words “Transfer” is defined under (ze) of the Foreign Exchange Management Act, 1999 to include sale, purchase, exchange, mortgage, pledge, gift, loan or any other form of transfer of right, title, possession or lien.

Payment for immovable property has to be received in India through funds received in India through banking channels by way of inward remittance from any place outside India and is subject to payment of all taxes and other duties/ levies in India. The payment can also be made out of funds held in any non-resident account maintained in accordance with the provisions of the Act, rules or regulations framed thereunder. Payments should not be made either by traveller’s cheque or by foreign currency notes or by any other mode other than those specified above. Refer Proviso to Rule 24(a) of the NDI Rules.

Foreign Embassy/ Diplomat/ Consulate General, can purchase/ sell immovable property (other than agricultural land/ plantation property/ farmhouse) in India provided:Clearance from the Government of India, Ministry of External Affairs is obtained for such purchase/sale; andThe consideration for acquisition of immovable property in India is paid out of funds remitted from abroad through banking channels.Refer Rule 27 of the NDI Rules.

Citizen of Pakistan, Bangladesh or Afghanistan belonging to minority community (Hindu, Christian, Sikh, Parsi, Buddhist, Jain) in that country and residing in India who has been granted an LTV by the Central government can purchase only one residential immovable property in India as dwelling unit for self-occupation and only one immovable property for carrying out self-employment. However, such acquisition is subject to the following conditions:the property shall not be located in and around restricted or protected areas so notified by the Central Government and cantonment areas;the person submits a declaration to the Revenue Authority of the district where the property is located, specifying the source of funds and that he or she is residing in India on LTV;the registration documents of the property shall mention the nationality and the fact that such person is on LTV;the property of such person may be attached or confiscated in the event of his or her indulgence in anti-India activities;a copy of the documents of the purchased property shall be submitted to the Deputy Commissioner of Police (DCP) or Foreigners Registration Office (FRO) or Foreigners Regional Registration Office (FRRO) concerned and to the Ministry of Home Affairs (Foreigners Division);such person shall be eligible to sell the property only after acquiring Indian citizenship, however, transfer of the property before acquiring Indian citizenship shall require prior approval of DCP or FRO or FRRO concerned.Refer Rule 28 of the NDI Rules.

A person resident outside India, not being a Non-Resident Indian or an Overseas Citizen of India, who is a spouse of a Non-Resident Indian or an Overseas Citizen of India may acquire one immovable property (other than agricultural land/ farmhouse/ plantation property), jointly with his/ her NRI/ OCI spouse subject to the following conditions:consideration for transfer, shall be made out offunds received in India through banking channels by way of inward remittance from any place outside India;funds held in any non-resident account maintained in accordance with the provisions of the Act and the regulations made by the Reserve Bank.no payment for any transfer of immovable property shall be made either by traveller’s cheque or by foreign currency notes or by any other mode other than those specified above.the marriage has been registered and subsisted for a continuous period of not less than two years immediately preceding the acquisition of such property;the non-resident spouse is not otherwise prohibited from such acquisitionRefer Rules 25 of the NDI Rules.

A person resident outside India who holds, owns, transfers or invests in any immovable property situated in India which was acquired, held or owned by such person when he was resident in India or inherited from a person who was resident in India or his successor cannot except with the general or specific permission of the Reserve Bank, repatriate outside India the sale proceeds of any such immovable property;an NRI or an OCI may repatriate outside Indian sale proceeds of immovable property (other than agricultural land or farm house or plantation property in India), subject to satisfaction of below conditions:the immovable property was acquired by the seller in accordance with the foreign exchange law in force at the time of acquisition by him/her;the amount for acquisition of the immovable property was paid in foreign exchange received through banking channels or out of funds held in FCNR Account or out of funds held in NRE Account;in the case of residential property, the repatriation of sale proceeds is restricted to not more than two such properties.