Land Developers in Pune

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Introduction

• For an NRI, land investment in Pune is more than
  an investment.
• To accelerate their career, people have gone
  abroad and stayed away from their parents for a
  long period of time, which made them homesick.
• Land investment in Pune will bring them closer to
  their families.

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Here is a guide for Non-Resident Indians (NRIs)
looking to buy a plot or property in Pune
(Contd.)

• 1 Purpose
• Your purpose of buying a plot in Pune should be
  clear.
• Are you looking for a home so that you can stay
  after your retirement? Or are you planning to buy
  a plot for business?
• These are the important questions you need to ask
  yourself before buying a plot in Pune.

www.svbrealty.in
Contact Us 91 8411963033
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Here is a guide for Non-Resident Indians (NRIs)
looking to buy a plot or property in Pune
(Contd.)

• 2 Limitation
• An NRI cannot buy an agricultural land,
  plantation property, or a farmhouse in India.
  However, they can buy any number of residential
  or commercial plot or property in India.
• NRIs can receive residential or commercial
  property as a gift, however, they cannot acquire
  agricultural land, plantation property, or a
  farmhouse as a gift.

www.svbrealty.in
Contact Us 91 8411963033
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Here is a guide for Non-Resident Indians (NRIs)
looking to buy a plot or property in Pune
(Contd.)

• 3 Transaction
• All monetary transactions should be done with
  Indian currency.
• As per the government rules, 80 percent of the
  propertys value can be funded by a loan and the
  rest needs to be paid with Indian currency.

www.svbrealty.in
Contact Us 91 8411963033
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Here is a guide for Non-Resident Indians (NRIs)
looking to buy a plot or property in Pune
(Contd.)

• 4 Home Loan
• Indian banks can help NRIs with a home loan.
• The home loan needs to be paid through Indian
  currency.
• Some banks may need a power of attorney of Indian
  resident.
• You need to bring important documents like visa,
  last 6 months bank statements, and salary credit
  for the last 3 months.

www.svbrealty.in
Contact Us 91 8411963033
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Here is a guide for Non-Resident Indians (NRIs)
looking to buy a plot or property in Pune
(Contd.)

• 5 Power of Attorney (POA)
• An NRI can give the POA to any relative or friend
  who is living in India.
• They can make the arrangement of making
  transactions in India.
• Banks need POA too.

www.svbrealty.in
Contact Us 91 8411963033
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Here is a guide for Non-Resident Indians (NRIs)
looking to buy a plot or property in Pune
(Contd.)

• 6 Taxation
• If you are buying property worth more than 50
  lakh rupees, then you have to pay 1 tax on it.
• This rule is for the first purchase only.
• The next purchase will be taxed at 1 tax on 30
  lakh or above.

www.svbrealty.in
Contact Us 91 8411963033
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Here is a guide for Non-Resident Indians (NRIs)
looking to buy a plot or property in Pune

• 7 Selling the Property
• If an NRI wants to sell their property, there
  are many rules and regulation to follow.
• They cannot transfer more than 1 million to their
  NRI account in a year in some cases.
• Taxation will be under FEMA (Foreign Exchange
  Management Act).

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Contact Us 91 8411963033
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• There is no limitation on buying immovable
  properties in India. However, funds need to be
  maintained in a non-resident account under FEMA.
• With a lot of new relaxed rules by the Indian
  government, it is fairly easy to invest in a
  property in India.
• Regions surrounding Pune have a higher demand for
  land investment.
• As per real estate experts, this is the best time
  for land Investment in Pune for NRIs.
• SVB Realty is a renowned, trusted land developer
  in Pune that provides NA plots or villa plots for
  sale near Pune. What are you waiting for? Call
  SVB Realty today!

Read more about - Essential Things NRIS Need to
Know Before Buying a Property in India
www.svbrealty.in
Contact Us 91 8411963033
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