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For NRI’s Interest

The Indian real estate sector has witnessed a revolution. It has emerged as one of the most appealing investment areas for domestic as well as foreign investors. With the Indian Government liberalizing the foreign direct investment in real estate, host of investors have shown confidence in the enormous potential of the real estate market in India. Supported by infrastructure development, contemporary architecture and state-of-the art facilities in aesthetically designed environs, India’s real estate has much to offer to the NRIs.

Frequently asked questions

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 U.N. organisations and officials deputed abroad by Central/State Governments and Public Sector undertakings on temporary assignments are also treated as non-residents). Non-resident foreign citizens of Indian Origin are treated on par with non-resident Indian citizens (NRIs) for the purpose of certain facilities.
No permission is required by non-resident Indian nationals to acquire immovable property in India.
Yes, foreign nationals of Indian origin, whether resident in India or abroad, have been granted general permission to purchase immovable property in India. However, this general permission is only available for the purchase of immovable property in India for their bonafide residential purpose.
Yes. The Reserve Bank of India has granted general permission for sale of such property. However, where 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 balances in NRE/FCNR accounts.
Yes. Under the general permission granted by Reserve Bank properties other than agricultural land/farm house/plantation property can be acquired by foreign citizens of Indian origin provided the purchase consideration is met either out of inward remittances in foreign exchange through normal banking channels or out of funds from the purchasers’ NRE/FCNR accounts maintained with banks in India and a declaration is submitted to the Central Office of Reserve Bank in form IPI 7 within a period of 90 days from the date of purchase of the property/final payment of purchase consideration.
Yes. The Reserve Bank of India has granted general permission for letting out any immovable property in India. The rental income or proceeds of any investment of such income has to be credited to NRO account.
  • Query Form requirement on the NRI page separately with IVR contact details as per contact US Page is available for the same.
  • What we offer –
    • Ease of buying - Your voyage begins with a click of a mouse. Our website has all the requisite information that you need to choose the unit you want without visiting the physical site. Get all details upfront – price lists, floor plans, specifications list , site layout and booking chart. You will also find the draft copies of all the agreements online, such as the sale deed and maintenance agreements. If you are interested in a project visit, you can request online and we will arrange escorted site visits to our project for you/family members.
      Once you buy a unit with us, you become a part of our construction journey. We will send a quarterly work progress report, along with photographs to keep you updated on the status of the construction and the achieved milestones.
    • Ease of payment
      We offer two easy options. You can either pay online via an Indian bank account or you could remit funds to India through your foreign bank account. All the payment plans, along with the schedule of payments, are displayed on the website. Once you sign on a particular payment plan during purchase, there will be no change in the amount that you have to pay until possession.You pay only when certain construction milestones are achieved, which will be outlined in our regular construction progress reports. Based on the report, you have to pay as per the schedule and amount mentioned on the signed document or as per the payment plan mutually agreed. Although our agreements have an escalation clause, in the last 36 years we have never charged a higher payment invoking this clause or escalated the price. You can also access your ledger and payment details online. Our team can also assist you procure housing loans with our partner banks.
    • Ease of registration
      Our legal team will provide you with all the help you need to register your property after you get possession. The gamut of assistance covers preparation of documents to fixing of advance appointments with the Registrar (especially if you are travelling from out of town or the country). Our team will ensure their best efforts within the realm of possibilities in dealing with government processes in India. Although one has to be aware that different states in India have different laws for registration of NRI/ OCI-purchased property, which may result in additional documentation or extension of the registration process.
      You can still register your property, if you are unable to come personally. Registration of units can also be done through Power of Attorney. We also have a dedicated grievance handling department –SAYA HOMES Care ([email protected]), that is entrusted with handling customer grievances on top priority, and resolve them at the earliest.
    • Ease of maintenance
      We have over 20 years of experience in maintenance service of our projects. We have an experienced & structured team comprising security, plumbing, gardening and electrical units whose job is to ensure that property is clean, green and eco-friendly. So, when you come back, you will find that the surroundings of your home are clean and well-maintained.
      What more? Our on-site support team can also help you with a move-in servic.You can also pay all your unit maintenance bills online and even check your ledger online.
    • Ease of resale and rental
      At SAYA HOMES, we understand the complications of distances and your inability to visit the site on a regular basis. Hence, we offer a full roster of rental and resale services with a promise of smooth transaction. We make sure you know exactly what is happening with your property sale/ rental while you are away.

      Our in-house team exclusively deals with resale and rental for all SAYA projects, and comes armed with all the requisite knowledge, a huge database and networks to help you get the best deal. Although, property prices and rentals are determined by the market conditions, and demand & supply . We will try our best to give you a better deal at a reasonable time period. SAYA HOMES track record has shown that our properties are positioned better in the market to get you a favourable output. All our price lists are online, including approximate rates for both rental and resale. We provide assistance with property registration, stamp duty payment, verification of document authenticity, legal attestation and more.