India - The preferred real estate investment destination for NRIs
India is set to remain as one of the world’s fastest growing economies. There’s never been
a better time to invest in real estate in India. Let us help you throughout the pre-and-post
purchase
processes.
Non Resident Indians (NRIs) can avail home loans for the purchase of flats, bungalows and villas in India. They need copies of valid passport, statements of non-resident external (NRE) or non-resident ordinary (NRO) accounts, salary certificate, last six months bank account statement/passbook, work experience certificate and a valid job contract or work permit. A person must be employed for at least two years. Businessmen and self-employed individuals need to show proof of income.
If an NRI is availing a home loan, he/she needs to attest the salary certificate from the embassy in case the salary is not credited to a bank. The person must also provide a local address proof and provide power of attorney (PoA) to someone in India. Details of permanent address in India are also necessary. A completed home loan application form is a must and the English translation of the contract must be duly attested by the consulate, employer, embassy or the Indian bank’s foreign branch, in case the contract is in some other language.
Other documents that the NRI would need to purchase property in India are agreement for sale/sale deed, copy of approvals for proposed construction, purchase or extension/approved building plans and a no objection certificate (NOC). For purchase or construction of house, the documents he would require are non-encumbrance certificate on the property (for 13 years), original title deed, land tax receipt and possession certificate. In case, the NRI wants to authorise a third party to avail loan installments, complete mortgage formalities and execute documents, a notarised power of attorney is a must.
The documents required can be divided under headings such as Personal Details Documents, Financial Details Documents for Salaried Individuals, Financial Details Documents for Self Employed Individuals and NRI Personal Guarantor documents. Different banks have different formats for the same. Here we have mentioned them in bullet points of your ease.
Certain other details may also be asked for such as copy of PAN Card for the first applicant OR Form 60, Cheque/Draft in INR for fees with date in dd/mm/yyyy format, valid visa copies for all applicants and one passport size latest photograph of each applicant (includes co-applicant) with signature across.
My experience booking a flat at Hallmark Pinnacle has been great. After meticulously exploring all the
options in the area, Hallmark Pinnacle unquestionably sets a new standard.
The sales team's expertise and genuine support have been very helpful in making this process smooth. Unlike
the common practice of creating false urgency, Hallmark stands out with their transparent approach to unit
availability, which is truly commendable.
I've had a truly exceptional experience so far. The entire Hallmark team has been instrumental in facilitating this transaction. I want to express my heartfelt gratitude to Sudhakar, Hari, and Murthy Garu for their unwavering support and approachability throughout the entire process. Their assistance has been invaluable and deeply appreciated.
Good low-density project, the project is just adjacent to ORR and the staff at Hallmark is very helpful and knowledgeable they are really supportive throughout my journey in the purchase.
We are yet to get our flat, but as of now overall construction is going on as the way they promised. Coming to sales teams,Thanks to Rohith, we have got every support we wanted. He is very friendly and well mannered. It has been a very good experience with Rohith and Hallmark ...till now ... We expect the same in future too.
Hallmark is the brand well known for their excellency in building high quality projects with great architecture and delivery on-time. Hallmark Treasor is one of the best luxurious high-rise residential projects strategetically located in Kokapet area with pretty good connectivity to IT corridor, ORR, international schools, multi-speciality holspitals, and malls. Project has great aminities that suits to all your family needs. With lot of research and dreams to buys our future nest, we finally selected Hallmark Treasor as our best match and booked the flat. We are super happy with the kind of support that we got from staff (expecially Mohammed Irfan) who helped us in explaining every detail about project, answered all our questions patiently, and closed the deal with best price in the market. Thanks to Hallmark and looking forward to see ourself in our future nest.
In this locality of Narsingi this si the best project, the kind of build quality or the materials that they are using is really good, from a landscape standpoint it's very spacious. The seem very promising to handover by Dec. Besides this the entire process of finalizing this project has been seemless with help of sales team . Speacial thanks to Venkat and Pramod who has advisors as well.
I am one of the owner and i can tell you the quality they are giving is very good, it’s located near to new orr exit which is very useful and in future we are expecting metro station as well in narsingi. Near by you will get everything. CRM team Nagarjuna and Nitish are helpful from there end and from sales team Venkat and Pramod were helpful during purchase. I liked the floor tiles they used. Even bathroom fittings are very good. Little bit disappointed with the deadline of the project.
I am sharing my experience with HallMark builders. They are the premium builders in hyderabad. I went for site visit and the way they explained about the property has resolved all my doubts regarding the property. They have helped my all queries regarding the construction, developement, etc. They have good construction quality, on time delivery, good customer queries response, very nice amenities. Overall one can be very much satisfied when comparing to other builders.
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