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NRI Corner

Runwal properties offers you a one-stop solution for all your real estate needs. From searching for your home to buying your apartment. With a sure assistance for understanding the generation of high capital appreciation, Runwal properties endeavours to provide an integrated real estate solution for your investments.

Home Loan

Receive assistance on loan size and eligibility and dedicated home loan advice on documentation pieces and phases without any service charge. Runwal Properties experts will identify the lowest rates and guarantee continuous coordination with banks for disbursement.

You're Gain

A facility that allows you to earn consummate benefits on the Expected Agreement Value of your abode with peace of mind and expediency that no one else offers. Runwal Properties NRI corner offers a certain benefit on advance payments made towards your house, the benefit being higher than that of any equivalent short term low-risk avenue.

Dedicated Property Expert

Easy procurement process for NRIs and those who reside outside Mumbai through a Runwal property expert.

Customer Care Team for you

Runwal Properties Customer Care team shall support and simplify every step of your procurement, right from your booking to handing over possession keys of your residence.

Who is a NON-RESIDENT INDIAN (NRI)?

Non-Resident Indian (NRI) An Indian Citizen who remains abroad for work/carrying on business or employment outside India or remains abroad under conditions showing an expectation for a dubious span of remain abroad is a non-inhabitant.

Who is a PIO?

People of Indian Origin Card (PIO Card) was a type of distinguishing proof issued to a Person of Indian Origin who held a travel permit in a nation other than Afghanistan, Bangladesh, Bhutan, China, Nepal, Pakistan and Sri Lanka. ... All as of now held PIO cards are dealt with as OCI cards.

  • held an Indian Passport whenever,
  • who or whose dad or fatherly granddad was a national of India by excellence of the Constitution of India or the Citizenship Act, 1955

What are the various facilities available to NRIs/OCBS?

NRIs/OCBs are allowed the accompanying offices:

  • Upkeep of bank ledgers in India
  • Investment in securities/shares of, and stores with, Indian firms/organizations
  • Interests in immovable properties in India

Who can purchase immovable property in India?

A.1 Under the general consent accessible, the accompanying classes can openly buy undaunted property in India:

  • Non-Resident Indian (NRI) - that is a inhabitant of India occupant outside India
  • People of Indian Origin (PIO) - that is an individual (not being a resident of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan), who
  • whenever, held Indian travel permit, or
  • or both of whose dad or granddad was a resident of India by ideals of the Constitution of India or the Citizenship Act, 1955 (57 of 1955).
  • The general consent, be that as it may, covers just buy of a private and business property.

Can NRIs sell the properties they hold in india without reserve bank's permission?

Yes.

Can NRIs acquire or dispose residential property by way of gift?

Indeed, the Reserve Bank has allowed general consent to NRIs to get or discard NRI India Properties by a method for a gift from or to a relative who might be an Indian native or a man of Indian origin (PIO) regardless of whether inhabitant in India or not.

Can NRIs obtain loans for acquisition of a house/flat for residential purpose from financial institutions providing housing finance?

The Reserve Bank has conceded some broad consent to certain financial establishments giving housing finance e.g. HDFC, LIC Housing Finance Ltd., and so on, and approved merchants to allow housing loans to NRI nationals for procurement of an NRI house/apartment for self-occupation subject to specific conditions. Criteria in regards to the motivation behind the credit, margin money and the quantum of advance will be at standard with those materials to Indian residents. Reimbursement of the loan ought to be made inside a period not surpassing 15 years, out of internal settlement through keeping bank channels or out of assets held in the speculators' NRE/FCNR/NRO accounts.