Buyer's Desk

Home Buying Process for NRIs

Having a home in your native country is a special feeling. It not only keeps you bonded with your homeland but also proves to be a great investment in today’s era. Investing in the booming cities of India has been one of leading trends among NRIs for quite some time now. Tier II cities like Pune are being preferred over flooding metro cities for the value appreciation they offer. Moreover, places like Pune have advantages like their rich cultural and social history, which are now heightened by improved infrastructure, better transport facilities and thriving industries. Even if an NRI person does not plan to settle down in Pune, the property can always bring regular income in the form of rent and great returns whenever you sell off the property.

Residential properties in Pune have been highly popular among the NRIs who like to invest in India. Buying a property in India is no more complicated, it is a simple process. An NRI does not need any specific permission from the government to buy property.

Let us look at what all you need if you are planning to buy or sell any property in India.

India Passport

Every NRI needs an India passport to invest in a property in India. You would need Person of India Origin (PIO) card if you are a foreign citizen and whose father or grandfather was an Indian citizen.

PAN Card

NRIs need PAN card, as they will need to file income tax returns even if the property is vacant and not rented out. The PAN card is also necessary to register the property.

NRI Bank Account

You will need an NRI bank account through which the funds can be released in the Indian currency for the property buying. An NRI can own multiple commercial or residential properties in India; there is no restriction on number of properties.

Home Loan From Indian Bank

You can also avail home loans from the Indian bank, which should be repaid in Indian currency.

Find an Attorny

If you do not visit India too often, then you need to find an attorney. The attorney will take care of processes like registration, sale, possession and other processes if you give that person special power of attorney.

Why Pune?

Pune is the second largest city in Maharashtra, India. It’s a hub for education, corporate careers, and startups. Pune is also one of the largest IT hubs in India. Pune is also a major automobile and manufacturing hub. In recent years, it has become a startup hub for IT, engineering, and automotive companies.

Pune is a dream city for everyone. A city, where everyonegets an opportunity to prove themselves.
Pune has always fascinated the younger generation dueto the vast amount of opportunities, its rich social life andits peaceful lifestyle that is suitable for everyone.
The city has everything from cultural heritage to modernlifestyle; from greenery clad peaceful areas to stylish urban environments.
Pune has always been an education hub. Many colleges and schools in from the city are famous all over the world.
In recent times, many new identities have been added to its crown; it has become one of the leading I.T. hubs in India and it has also been known as a leading manufacturing center.

Pune: A City of Prosperity, Joy and Growth

Share Your Dream

Kirik Enterprises has always put customer satisfaction as its top priority. We always want to deliver projects that will fulfill our clients’ expectations and their cherished dream. Share your expectations and requirements with us, which you would like to see in our future projects. Your opinions will help us in developing better projects, which are suitable to the needs of modern families and businesses. Our team continuously makes efforts to understand the changing trends and preferences of our customers and thus ensure they have properties full of luxury, comfort, convenience and style!

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