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Non Resident Indians are an essential part of our vast customer base. With our enriched experience in the real estate industry we provide the necessary information required by NRIs for the acquisition of residential and commercial property in and around Tamilnadu, India.
 Herewith presenting a FAQ on the above :
   Who is a non-resident Indian? 
  An Indian Citizen who stays abroad for employment/carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident. (Persons posted in UN organisations and officials deputed abroad by Central/state governments and public sector undertakings on temporary assignments are also treated as non-residents).
  Do NRIs require permission of RBI to acquire an immovable propertyin India ?
   No. An Indian citizen resident outside India does not require any permission to acquire any immovable property in India other than agriculteral/plantation property or a farm house. However the purchase consideration should be met either out of inward remittances in foreign exchange through normal banking channels or out of funds from NRE/FCNR accounts maintained with banks in India.
  Who is a person of Indian Origin ?
   No. An Indian citizen resident outside India does not require any permission to acquire any immovable property in India other than agriculteral/plantation property or a farm house. However the purchase consideration should be met either out of inward remittances in foreign exchange through normal banking channels or out of funds from NRE/FCNR accounts maintained with banks in India.