FAQ
Property in Kutch is a money- turning affair as it offers various options for Residential Property, Commercial Property and Industrial properties as well. You can easily get profitable opportunities to invest in Residential Real Estate and Commercial Real Estate at Kutch. Kutch Real Estate is enormously growing with every passing day. Kutch Property market is touching greater heights of turnovers and offering lucrative opportunities to invest money. Developed infrastructure and transportation facilities are boosting the rates of Properties in Kutch. Moreover, basic amenities like water and electricity supply have improved a lot in the city influencing the market of Kutch Properties. Apart from this, Kutch has several reputed educational institutes, healthcare centres, etc. making it an ideal place to own a property. Buying and Rental of Residential Property and Commercial Property have emerged as a favoured investment option in the city of Kutch.
Anyone who is an Indian citizen by birth, but for employment or other vocational reasons stays outside India for an indefinite period time can be all as a NRI.
Person-of-Indian Origin Person-of-Indian Origin can be people who are citizens of a foreign country, but who are born in India or whose father and forefathers were of Indian origin.
Overseas Corporate Bodies These are bodies largely owned by people who are Indian citizens or of Indian origin but reside outside India. They include overseas companies, corporate bodies and partnership firms owned mostly by the Indian citizens or people of Indian origin. In these bodies, three-fourth of the interest are owned by Indian citizens or people of Indian origin.
Yes, it is possible for them however, through the RBI and Government bodies, which includes, Foreign Investment Promotion Board (FIPB). These Individuals and bodies can invest up-to 100% equity in Indian real estate and civil aviation sectors. Their investment in India is fully repatriable except in case of real estate with a 3-year lock-in period on original investment, along with 16% cap on dividend repatriation.
Payments can be made, either out of inward remittances in foreign exchange through normal banking channels or out of funds from NRE/FCNR accounts in Indian banks.
The purchase consideration should be met either out of inward remittances in foreign exchange through normal banking channels or out of funds from NRE/FCNR accounts maintained with banks in India.