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Home » Invest in Real Estate |
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Invest in Indian Real Estate
Reserve Bank has granted general permission to certain financial institutions providing housing finance to grant housing loans to non-resident Indians for acquisition of houses/flats for self-occupation subject to certain conditions. Can authorized dealer grant loans to NRIs for acquisition of a flat/house for residential purposes? Authorized dealers have been granted permission to grant loans to non-resident Indian nationals for acquisition of house/flat for self-occupation on their return to India subject to certain conditions. However, repayment of the loan should be made within a period not exceeding 15 years out of inward remittance. What are the schemes available to NRIs for direct investments in India with repatriation benefits? In the new issues of shares/convertible debentures of Indian companies, there are direct investment schemes such as 24% scheme/40% scheme/100% scheme. Domestic Mutual Funds floated by public/private sector institutions/companies and bonds issued by public sector undertakings is also a good option. How can an NRI obtain permission of Reserve Bank for investment in a sick industrial unit? Application for permission should be made by the Indian company to
the Central Office of Reserve Bank in Mumbai in form RSU.
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