NRI Advantage
Buying property from outside India comes with tax benefits akin to those that residents avail. As an NRI, you’re entitled to all the tax benefits that a resident Indian can claim from property purchase, including a deduction of Rs 1 lakh under Section 80C of the Income Tax Act, 1961.
NRIs holding Indian passports can acquire immovable property for legitimate residential purposes without needing any permission from the RBI. The purchase consideration may be paid either by remittance of funds from abroad through standard banking channels or from NRO/NRE/FCNR accounts.
As an NRI, you’re exempt from certain formalities under Indian Law. Section 31 of FERA 1973 is not applicable to NRIs holding Indian passports for acquiring immovable property for bonafide residential purposes. You can acquire any number of properties as long as they are for legitimate residential use.
Home loans for NRIs are readily available for new home construction, buying old homes, extensions/alterations to an existing house, and repairs/renovation. By mortgaging an existing residential property, NRIs can avail loans. However, certain conditions under the provisions of the Income Tax Act must be met.
The Aryan One Advantage:
- Aryan One is approved by the Maharashtra Real Estate Regulatory Authority.
- Endorsed by leading banks, Aryan One is a trusted investment.
- Aryan One Phase 1 – A sold-out project, Occupancy Certificate received, and possession given.
- Aryan One Phase 2 – Fit-out Ready.
- Aryan One – Delivered as promised with a fully functional clubhouse along with Phase 1 possession.
- We offer transparency in our dealings. Actual site progress and real construction updates instead of glossy sales collateral.
- Our commitment to possession is as close to reality as possible, offering you zero risk.
- Our amenities, including bus service to and from the Badlapur railway station, are ready for use.