Taxation policy in India post 2000 A.D has been changed to support NRI so that they can easily invest in India.
Provisions are made under various routes so as to pave way for foreign investors in India.
Loans are provided to NRI against deposit schemes to construct homes in India.
With advancement in technology, mode of transaction has leaped a step ahead through demat accounts, internet banking facility etc.
Funding the Purchase
Lenders in India will be more than happy to fund your project provided you meet their eligibility criteria and property papers are clean. It is always advisable to get the property papers verified by a lawyer before going ahead and finalizing the deal. Also a no due certificate should be obtained from the authorities to cross check that all the bills like water, electricity etc. are completely paid.
Since all transactions must happen through the banking channel, repayment has to be done by inward remittances.
Dholerasir, Beside Shree Hotel,Bhavnagar-Ahmedabad Highway, Dholera, GJ, IND - 382455