Documents required
Under KYC norms NRI must submit passport copy and relevant pages of
passport having name, photo, date of birth and address and copy of PAN should
be submitted. Overseas address is mandatory. Either the permanent or
correspondence address must be an overseas address.
Payment Modes
NRI can open, hold and maintain different types of accounts with an
Authorized Dealer (bank authorized to deal in foreign exchange) in India
without the permission from the Reserve Bank.
NRIs can maintain NRO account for transactions in rupees without any
approval from Reserve Bank of India. Payments for investments in real estate
must be made only through the NRO/NRE Accounts and cannot be made through
travelers’ cheque or foreign currency notes.
Modes of Acquisition
NRI may acquire any immovable property in India other than agricultural
land /farm house plantation property, by way of purchase and/or gift from a
person resident in India or from a person resident outside India who is a
citizen of India or from a person of Indian origin resident outside India.
Documents of Title
Such documents under which the NRI will derive his title to the
property including the earlier title deeds, revenue records, land records, no
dues certificate and title certificate from a lawyer. Additionally the NRI may
seek advice of a Chartered Accountant and a lawyer so as to rule out any legal
glitch.
Financial Assistance
NRI may also avail a housing loan in Rupees from an Authorized Dealer
(Bank/ Financial Institution).
It is also common for several parties to work together on pool construction. For the complete integration of your swimming pool in the garden and finishing, Aqua Pura Swimming Pools preferably works together with award-winning garden companies such as Tuinen Hendrix and Gert Kwanten . These companies ensure that the installation of your garden meets the same quality standards as the installation of your swimming pool. Zwembad laten aanleggen
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