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NRI Corner

The first thing to do is list out your requirements like your budget, location, configuration of homes or commercial spaces required (area sizes in some cases), amenities and other features that you might want to consider while buying a property keeping in mind your family or your partners.

Usually most of the projects come with basic amenities like recreation areas, landscaped garden etc. There are chances that there might be other amenities that could be added at a cost and look for features accordingly. Also, understand the actual meaning of different real estate terms like carpet area, usable floor area and if parking area is included in the total area offered or not. Also, keep in mind the common areas that are shared between the apartments and regulations regarding their usage.

Who is a non-resident Indian (NRI)?

“Non-Resident Indian (NRI) means a person resident outside India who is a citizen of India or is a person of Indian origin" [as per FEMA regulations].

A person shall be deemed to be a person not resident in India in the following cases:

  • When the person stays in India for less than or up to 182 days during the preceding financial year

  • When a person who has gone out of India or who stays outside India, in either case:

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