Non
Resident Indians are an essential part of our
vast customer base. With our enriched experience
in the real estate industry we provide the necessary
information required by NRIs for the acquisition
of residential and commercial property in and
around Tamilnadu, India.
Herewith presenting a FAQ on
the above :
Who is a non-resident Indian? 
An Indian
Citizen who stays abroad for employment/carrying on
business or vocation outside India or stays abroad
under circumstances indicating an intention for an
uncertain duration of stay abroad is a non-resident.
(Persons posted in UN organisations and officials
deputed abroad by Central/state governments and public
sector undertakings on temporary assignments are also
treated as non-residents). Do NRIs require permission of
RBI to acquire an immovable propertyin India ? No. An Indian citizen
resident outside India does not require any permission
to acquire any immovable property in India other than
agriculteral/plantation property or a farm house.
However 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. Who is a person of Indian Origin
? No. An Indian citizen
resident outside India does not require any permission
to acquire any immovable property in India other than
agriculteral/plantation property or a farm house.
However 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.