NRI Enquiry

Offering world-class homes, Mundra Group promotes luxurious and contemporary living that
delivers experiences beyond expectations. Lands and properties in India reap benefits like no other
giving highly beneficial returns on your investments.

FAQs

An NRI (Non Resident Indian) is an Indian citizen who works abroad or carrying a vocation outside India for an uncertain duration is a non-resident.

Person of Indian Origin or PIO is a person, who at any time held an Indian passport, or he or his parents / grandparents were Indian citizens as per the Constitution of India or Citizenship Act, 1955.

Yes, as per the general permission granted by RBI, an NRI can buy immovable property in India without any obstacles.

Yes, a PIO is eligible to buy property in India.

Any income accumulated from the ownership of the property, either in the form of rent or annual value of the property or the capital earned upon the sale of the property is taxable.

No, NRIs cannot do so.

Yes, NRIs are allowed to obtain or give off properties by way of gifts to anyone who may be a citizen of India or a PIO.

Certain institutions like LIC Housing Finance Ltd., HDFC, etc. have been granted general permission to provide housing loans to NRIs.

Yes, properties other than agricultural lands/ plantation property/ farmhouses can be bought by NRIs.

Power of attorney in the name of a person residing in India who can carry out legal and financial proceedings on your behalf

A copy of your passport (in case your PAN card is unavailable) An NRE or NRO account to carry out transactions with the builder

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