nri

The global standards of ASN Shelter's offerings have made it a trusted name among NRI investors. Our properties are in some of the most sought-after premium locations in Bengaluru. Not only do we offer world-class amenities and the best of features that NRI’s would expect to come home to, we also offer excellent returns on investment.  These factors paired with the excellent financial guidance that ASN Shelter provides makes us a top-notch choice for NRI’s.

1. If you are an NRI buying property in India you do not require any special permission. However, you have to make the purchase using Indian currency, the Rupee, through funds received in the country by means of normal banking channels.
2. The funds have to be maintained in a non-resident account under the Foreign Exchange Management Act (FEMA) and the Reserve Bank of India (RBI) regulations.
3. There are also no restrictions on the number of immovable properties that an NRI may purchase, either residential or commercial.
4. NRIs can buy all sorts of immovable properties in India other than agricultural land, farmhouse and plantation property.
5. To acquire agricultural land/plantation property/farm house in India, they have to get approval from the RBI and the government.
6. When an NRI sells a property in India, TDS (tax deducted at source) calculation is done at the rate of 20.6 percent on long-term capital gains and 30.9 percent on short-term capital gains.
7. The RBI has given a general permission to banks and housing finance companies registered with the National Housing Bank to provide loans to NRIs for buying residential property in India. Sanctioned in Indian currency, the loan has to be repaid using the same currency
8. As you live outside, NRIs have an option to give Power Of Attorney to their friends or relatives,  to complete the property purchase process in India.

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