Why is Investing in Hyderabad’s Real Estate sector a Prudent Choice
India is believed to have one of the most flourishing economies in the world. Many real estate players are coming to India due to the presence of industries, digital transformation, and supportive government policies. As a result, the Indian real estate sector is witnessing increased investments by NRIs in buying property in India. This is due to the hybrid work mode, a desire to return to their nation, and a wish for a comfortable lifestyle. Rapid urbanization, low-interest rates, and an increase in home loans are some of the contributing factors that make it a great opportunity for NRIs to invest today.
India is believed to have one of the most flourishing economies in the world. Many real estate players are coming to India due to the presence of industries, digital transformation, and supportive government policies. Owing to this, the Indian real estate sector is witnessing an increased investment by NRIs for buying property in India. This is because of the hybrid work mode, a wish to return to their nation, and a desire for a comfortable lifestyle. Rapid urbanization, low-interest rates, and an increase in home loans are some of the contributing factors that make it a great opportunity for NRIs to invest today.
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Easy Financing Solutions: Our in-house loan team coordinates with multiple banks to secure home loans in the most convenient manner for our customers. We've partnered with 15+ banks and always recommend the best bank based on the customer's profile.
SKD Easy Lease acts as a bridge between SKD homeowners looking to lease their property and those seeking to rent. It offers unparalleled convenience during the leasing process.
Dedicated NRI Assistance (onsite) Our hospitality and facilities management team provides on-site support to attend all property related needs of the customer post possession.
We have a dedicated team catering to NRIs, offering services including dedicated customer care, home loan assistance, renting support, low-interest rates, special payment plans, and exclusive offers and benefits.
We recognize and appreciate the significant role that NRIs play in nation-building and shaping the global perception of India. Therefore, we offer exclusive promotional deals for our NRI homebuyers.
SKD Priva is an exclusive membership program for SKD homeowners, offering exciting rewards and exclusive discounts for repeat purchases and referrals.
An Indian Citizen who stays abroad for employment/carrying on business or vacation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident. (Persons posted in U. N. Organizations and officials deputed abroad by Central/state Government and Public Sector undertakings on temporary assignments are also treated as non-residents). Non-resident foreign citizen of Indian Origin are treated on par with non-residential Indian Citizen (NRIs) for the purpose of certain facilities.
A foreign citizen (other than a citizen of Pakistan, Bangladesh, Afghanistan, Bhutan, Sri Lanka or Nepal), is deemed to be of the Indian Origin if he held and Indian Passport at any time, or he or his father or parental grand-father was a citizen of India by virtue of the (Constitution of India or the Citizenship Act, 1955(57 of 1955).
No. General Permission is available to purchase only a residential/commercial property in India to a person resident outside India who is a citizen of India (NRI) and who is a Person of Indian Origin (PIO).
The purchase consideration should be met either out of inward remittances in foreign exchange through normal banking channels or out of funds from NRE / FCNR accounts maintained with banks in India.They are required to file a declaration in form IPI 7 with the Central Office of Reserve Bank at Mumbai within a period of 90 days from the date of purchase of immovable property or final payment of purchase consideration along with a certified copy of the document evidencing the transactions and bank certificate regarding the consideration paid.
Yes, Reserve Bank has granted general permission for sale of such property. However, whether the property is purchased by another foreign citizen of Indian Origin, funds towards the purchase consideration should either be remitted to India or paid out of balance in NRE / FCNR accounts.
With respect to residential properties purchased on or after 26th May 1993, Reserve Bank considers applications for repatriation of sale proceeds up to the consideration amount remitted in foreign exchange for the acquisition of the property for two such properties. The balance amount of sale proceeds if any or sale proceeds in respect of properties purchased prior to 26th May 1993 will have to be credited to the ordinary non-resident rupee account of the owner of the property.
Applications for necessary permission for remittance of sale proceeds should be made in form IPI 8 to the Central Office of Reserve Bank at Mumbai within 90 days of the sale of the property. Applications for repatriation of sale proceeds will be considered, provided the sale takes place after three years from the date of final purchase deed from the date of payment of final installment of consideration amount, whichever is later.
Yes. Reserve Bank has granted general permission to a foreign citizen of Indian Origin to acquire or dispose of properties up to two houses by way of gift from or to a relative who may be an Indian Citizen or a person of Indian origin whether resident in India or not, subject to compliance with applicable tax laws.
Yes. Reserve Bank has granted general permission for letting out any immovable property in India. The rental income or proceeds of any investment of such income are eligible for repatriation.
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