"Metro" is a leading Residential Real Estate Developer in Mumbai. Having conducted operations for more than 2 decades, Metro has predominantly concentrated on developing residential houses in and around the suburbs of Mumbai. At Metro we assured full transparency to the customer.
Below are few frequently asked questions for NRI. for any further information or an enquiry please contact us: email@example.com
NRIs are granted the following facilities:
The general permission, however, covers only purchase of residential and commercial property.
Types of Power of Attorney:
Following are the important things to be kept in mind while executing the POA
The documentation required to be submitted by the NRIs are different from the Resident Indians, as they are required to submit additional documents, like copy of the passport and a copy of the work contract etc. and of course NRIs have to follow certain eligibility criteria in order to get Home Loans in India.
Another vital document required while processing NRI home loan is the power of attorney (POA). The POA is important because, since the borrower is not based in India; the Home Finance Company would need a ‘representative’ ‘in lieu of’ the NRI to deal with and if needed. Although not obligatory, the POA is usually drawn on the NRI’s parents/wife/children/ close relatives or friends.
The documents needed for obtaining NRI home loans are Bank specific. General list of documents are as mentioned below:
List of Classified documents for Salaried and Self Employed NRI Applicants. Banks may have specific requirements apart from the below listed documents.
Salaried NRI Applicants:
Self-Employed NRI Applicants:
An NRI would have to file income tax returns if either of the following conditions are fulfilled:
Traditionally, you could file your return either by giving a power of attorney to someone in India or by sending your form and documents to a tax expert in India who would then file returns on your behalf.
Though, the easy method for NRIs to file their Income tax returns in India is online filing. There are several options to file online, on the appropriate government sanctioned website.