mangalore builders

NRI-Section

Fortunately for the NRIs, no special sanction or permission is required to buy property in India. NRIs are also allowed to rent a particular property and send back their rental proceeds to the country they are living in currently. Of course this amount will be subject to payment of taxes.

The real estate sector in India has come a long way from being dominated by a handful of players in the 90s to an expanding base of developers, investors and global stakeholders buoyed by the growing construction industry in the country. The sector has been undergoing corporatisation and professionalism and is recognised as a key sector contributing to the economic development of the country.