Eldeco Group: Leading Real Estate Developer in India - Innovation, Excellence, and Trust

Anyone who is an Indian citizen by birth but for employment or other vocational reasons stays outside India for an indefinite period time can be called as an NRI.

A person of Indian origin refers to an individual who is a citizen of a foreign country but was born in India, or whose father or ancestors were of Indian origin.

These are entities largely owned by people who are Indian citizens or of Indian origin but reside outside India. They include overseas companies, corporate bodies, and partnership firms that are mostly owned by Indian citizens or persons of Indian origin. In such entities, three-fourths of the ownership interest is held by Indian citizens or people of Indian origin.

Yes, they can do so.

Yes, they can do so through approved banking channels, subject to submission of the required remittance forms to the Reserve Bank of India. The maximum permissible limit for remittances is US$ 100,000 per year.

Yes, it is possible; however, such investments are subject to regulations set by the RBI and the Government of India, including approvals from the Foreign Investment Promotion Board (FIPB). These individuals and entities can invest up to 100% equity in sectors such as real estate and civil aviation. Investments are generally fully repatriable, except in the case of real estate, which is subject to a three-year lock-in period on the original investment, along with a 16% cap on dividend repatriation.

Payments can be made either through inward remittances in foreign exchange via normal banking channels or from funds held in NRE or FCNR accounts with Indian banks.

An NRI can acquire any number of commercial properties, provided the transactions comply with applicable regulations and they have the financial capacity to do so.