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We at Shriya infrastructure india pvt Ltd. care much beyond anticipation for NRIs who are part of our family. More than 200 NRIs are associated with us. NRIs who invest in their hard earned money and cannot verify things personally have been facilitated with different online mechanisms by which they can easily access the desired status of what is happening where? We believe in absolute transparency while updating and providing appropriate, honest and correct information about everything related to projects whether it is construction updates, demand letters, receipts or agreements. Our construction updates could be viewed periodically online every month. We are also planning to upgrade our website in a manner so that they are able to view their statement of accounts online. We believe in responding even the minutest concern of any client who is sitting miles away. That’s how we are able to carry forward the trust of all those who have believed in us and are our loyal customers. Most of our NRI clients have invested their money in more than one project and we are sure that they will continue the repetition again with us.

We take our valued customers for a site visit to see the progress of the construction as and when they are free to see the site.

We promise tailor made methods of satisfaction to our valued customers especially the ones in the overseas and in IT sector in procuring the bank loans and related tasks.

We promise to communicate with our valued customers in 24 hours to any of your query addressed to our e-mails excepting on holidays, when it will take little more time.

General Guidelines for NRIs and PIOs for Purchasing Property in India

Types Residential Purpose Commercial Purpose Funds for Investment in Property Letting out of Property Proceeds Repatriable / Non Repatriable
Non Resident Indian No RBI Approval required No RBI Approval required a) Direct remittance NRO / NRE A/c
b) Loans against NRE / FCNR Deposits for Residential House only
No RBI approval required Repatriation of sale Proceeds equivalent to the Original Investment is permitted for a maximum of two houses as well as Commercial Property after 3 years of acquisition (i.e. possession) or payment of last installment, whichever is later , provided the investment is out of direct remittance or NRE/FCNR account. Form IPI 8 to be submitted to RBI within 90 days of sale of the property.
Foreign citizen of Indian origin No prior RBI approval only intimation to RBI in Form IPI-7 within 90 days of purchase (Press Release dated 8/1/1992) No RBI approval required Intimation to RBI in Form IPI-7 within 90 days of purchase (08/06/93 Circular) a) Out of NRE / FCNR a/c or Foreign remittance
b) Loans against NRE/ FCNR Deposits for Residential House only
c) With prior approval of RBI from NRO Account
No RBI approval required Repatriation of sale Proceeds equivalent to the Original Investment is permitted for a maximum of two houses as well as Commercial Property after 3 years of acquisition (i.e. possession) or payment of last installment, whichever is later , provided the investment is out of direct remittance or NRE / FCNR account. Form IPI 8 to be submitted to RBI within 90 days of sale of the property.
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