Nani’s Buildcon Private Limited is only five years old. In this short period, it has completed nine housing projects, accommodating over 150 happy families, and three projects are in various stages of completion, making it one of the fastest growing construction companies in Nagpur. Also in this short period, Nani’s Buildcon has established itself as a home builder people trust and want to deal with.
Nani’s Buildcon was founded in the year 2006 by Mr Yashwant A Khodke, a first-generation entrepreneur and the company’s Managing Director. A qualified engineer, Mr Khodke has behind him 20 years’ experience in the field of civil engineering, most of it gained in the Middle East and North America. It was his long stint with international companies which revealed to him the two secrets of business success: Professionalism and transparency. Needless to say, Nani’s Buildcon has structured its operations on the principles of professionalism and transparency and it is these principles which have been responsible for its envious growth in such a short span of time.
NRIs and OCBs can make investments in India in consonance with Indian law, RBI rules and regulations as well as other regulations set forth by the Foreign Investment Promotion Board (FIPB).
NRIs and OCBs can make up to 100% equity investment in real estate sector and the nation’s civil aviation sector. Further, all investments, except for the real estate investments, are fully repatriable. For real estate investments, the lock-in period on original investment is 3 years..
Reserve Bank has granted general permission to certain financial institutions deals in housing finance to grant housing loans to non-resident Indians for acquisition of houses/flats for self-occupation subject to certain conditions.
They are required to file a declaration in form IPI 7 with the Central Office of Reserve Bank at Mumbai within a period of 90 days from the date of purchase of immovable property or final payment of purchase consideration along with a certified copy of the document evidencing the transactions and bank certificate regarding the consideration paid.
Yes, Reserve Bank has granted general permission for sale of such property. However whether the property is purchased by another foreign citizen of Indian Origin, funds towards the purchase consideration should either be remitted to India or paid out of balance in NRE/FCNR accounts.
Yes. Reserve Bank has granted general permission to foreign citizen of Indian Origin to acquire or dispose of properties up to two houses by way of gift from or to a relative who may be an Indian Citizen or a person of Indian origin whether resident in India or not, subject to compliance with applicable tax laws.
One can choose not to grant the Power of Attorney (POA) to the developers. However this will mandate the mailing of all documents to your foreign residence and associated time delays.
Yes, Reserve Bank has granted general permission for sale of such property. However whether the property is purchased by another foreign citizen of Indian Origin, funds towards the purchase consideration should either be remitted to India or paid out of balance in NRE/FCNR accounts.
You can get a Home Loan of up to 85% of the Total Consideration Value.
Yes. We very well understand that as an NRI you have a different set of needs with respect to your real estate management and investment requirements and we also understand that it needs special set of services to cater to your requirements. The good news from India is that government has allowed 100% repatriation for NRIs. Reserve Bank has granted general permission to certain financial institutions providing housing finance e.g. HDFC,LIC Housing Finance Ltd. etc. to grant housing loans to non-resident Indian nationals for acquisition of houses/flats for self-occupation subject to certain conditions.