Yes. NRIs and OCIs can purchase residential and commercial immovable property in India without prior RBI approval. However, they cannot purchase agricultural land, farmhouse, or plantation property unless specifically permitted under applicable law. (Reserve Bank of India)

Payment for property must be made through normal banking channels in India. It may also be made from funds held in the buyer’s NRE, FCNR(B), or NRO account. Payment should not be made through traveller’s cheques or foreign currency notes. (Reserve Bank of India)

Yes. NRIs and OCIs may sell residential or commercial property in India to a resident, NRI, or OCI, subject to applicable law. Agricultural land, farmhouse, and plantation property may be transferred only to a resident in India, as permitted under current rules. (Reserve Bank of India)

Yes. NRIs and OCIs may acquire residential or commercial immovable property by way of gift from a resident, NRI, or OCI who is a relative, subject to applicable rules. They may also acquire immovable property in India by inheritance in accordance with applicable law. (Reserve Bank of India)

Yes. NRIs and OCIs may gift residential or commercial immovable property to a resident, NRI, or OCI, subject to applicable law. Agricultural land, farmhouse, and plantation property may be gifted only to a resident in India, as permitted under current rules. (Reserve Bank of India)

Yes, subject to FEMA conditions. Repatriation of sale proceeds is generally permitted where the property was acquired in accordance with applicable foreign exchange laws and the amount repatriated does not exceed the eligible amount under RBI rules. For residential property purchased using eligible foreign exchange / NRE / FCNR(B) funds, repatriation is restricted to not more than two such properties.(Reserve Bank of India)

Balances in an NRO account, including eligible sale proceeds of assets, may be remitted up to USD 1 million per financial year (April–March), subject to payment of applicable taxes and submission of prescribed documents.

Yes. Residential and commercial properties owned by NRIs / OCIs may be let out in accordance with applicable laws. Repatriation of rental income is subject to applicable tax and banking regulations. (Reserve Bank of India)

Yes. NRIs / OCIs may avail home loans from authorised banks / housing finance institutions in India, subject to the lender’s eligibility criteria, documentation requirements, repayment norms, and applicable RBI / FEMA regulations. (Reserve Bank of India)

Generally, no. NRIs and OCIs are not permitted to purchase agricultural land, farmhouse, or plantation property in India unless specifically allowed under applicable law or with the required approval wherever applicable. (Reserve Bank of India)

No, all apartments/offices/showrooms shall be as per design and elevation given by us to ensure that all apartments in the scheme have a similar look and elevation. However, minor internal changes can be made upon request.

The Developer will maintain the common facilities for the first 2 years at an extra cost. An Association of the owners of the apartment/offices/showrooms will be formed to look after the common facilities. The association shall be run by duly elected members. However, the builder shall help the association maintain the common facilities for the first couple of years. The builder shall also help the association appoint agencies for housekeeping, security and other services.

All necessary approvals from the Ahmedabad Urban Development Authority (AUDA)/AMC/Dist. Panchayat and other concerned competent authorities have been obtained.

No. Strictly no commercial activity will be allowed within the layout.

Yes. Loans can be pre-closed for a nominal charge before the termination. The immovable property was acquired by the seller in accordance with the provisions of the Exchange Control Rules/Regulations/Law in force at the time of acquisition, or the provisions of the Regulations framed under the Foreign Exchange Management Act, 1999. The amount to be repatriated does not exceed (a) the amount paid for acquisition of the immovable property in foreign exchange received through normal banking channels or out of funds held in foreign currency non-resident account or (b) the foreign currency equivalent, as on the date of payment, of the amount paid where such payment was made from the funds held in non-resident external account for acquisition of the property; and in case of residential property, the repatriation of sale proceeds is restricted to not more than two such properties.

If you are an individual – your spouse, your parents, or even your children can be your co-applicants and their incomes can be clubbed with your income to enhance the amount of loan you are eligible for. It makes sense therefore, that the co-owner of a property has to be a co-applicant, but a co-applicant need not be the co-owner of the property. If you are a partnership or private limited company, any one of the directors or partners can be your co-applicant.

Water for each apartment/offices/showrooms is supplied through bore wells with sufficient capacity. A minimum of 135 liters is required per person according to the WHO standards and the apartments are equipped to cater to this limit.

A Torrent Power AEC Connection is taken for the apartment complex on common distribution basis. Each apartment will have its own individual meters.

No. There are no hidden costs. All costs applicable are clearly included in the total amount payable and precisely indicated in the price list.

All requests for acquisition of agricultural land / plantation property / farm house by any person resident outside India may be made to The Chief General Manager, Reserve Bank of India, Central Office, Exchange Control Department, Foreign Investment Division (III), Mumbai 400 001.