Queries on Your Mind?

If you find yourself with questions or uncertainties causing a pause in your decision to purchase a home, you've arrived at the perfect destination!

1. Who is considered an NRI?

According to the Foreign Exchange Management Act, 1999, a Non-resident Indian (NRI) is:

  • Any Indian citizen residing outside the country for employment, business, holiday, or any other reason, indicating an indefinite stay abroad.
  • Government employees officially posted in a foreign land on duty with the Indian Mission or other agencies set up overseas by the Indian Government, receiving salaries from Government resources.
  • Government officials appointed overseas on assignment with foreign governments or regional/international organizations.
  • Officers of State Government and/or Public Sector Undertakings appointed in a foreign country on a temporary basis or to a branch/office overseas.

[RBI FAQs: Explore common questions and answers regarding Reserve Bank of India regulations on immovable property acquisition by NRIs. (Read More)]

2. What documents are required to verify the legality of a home?

Ensure the legality of your dream home by checking the following documents (this list may not be exhaustive):

  • Sale Deed
  • Mutation
  • Registration/Power of Attorney
  • Building and/or floor plan
  • Allotment letter
  • No-objection letter from local and government authorities
  • Possession letter
  • Receipts
  • Completion certificate
  • Occupancy certificate
3. How to secure the right EMI for your personal needs?

Consider these points before embarking on your home-buying journey with EMI:

  • Develop an investment plan before obtaining a home loan.
  • Choose a home loan with affordable interest rates.
  • Explore Flexi Hybrid Home Loans for added flexibility.
  • Make prepayments to reduce your EMI burden.
  • Opt for Home Loan Balance Transfer at competitive interest rates.
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