Groveman Reals: NRI Property Consultant | NRI Buyers and Investors
Your Trusted Partner for NRI Property Investments in Chennai
Are you an NRI interested in investing in the booming real estate market of Chennai? Groveman Reals offers you professional property consultancy services for NRI buyers and investors to make your investment and purchase procedures stress free and successful. We help you buy a dream home, a commercial space or an investment property and guide you through the entire process.
As experts in Indian real estate laws, taxation policies and financial options, our team guarantees a smooth buying experience, making property investment in Chennai as stress free as possible for NRIs all over the world.
Why NRIs Choose Chennai for Property Investment
India's property sector is growing very fast, so now is a good time for NRIs to invest in high growth locations like Chennai.
Chennai has always been a market that has given consistently high appreciation rates and has always provided good long term returns for investors.
Many NRIs are aware that they can avail certain tax exemptions and deductions such as interest on home loan, exempted income from rental property and lower long term capital gains tax.
Chennai – from luxury villas to high-rise apartments and commercial properties – has various investment opportunities for every budget and goal.
NRIs can get attractive home loan options with flexible repayment terms and competitive interest rates from banks and financial institutions.
Real estate investments are structured payment plans are easier for NRIs to finance their property purchases than stocks or other asset classes.
Our NRI Property Services
At Groveman Reals, we provide end to end property consulting and support for NRI buyers thus making the experience seamless.
1. Property Search & Shortlisting
We help you find the perfect property based on your needs, investment objectives and your budget.
2. Legal & Regulatory Assistance
We make sure that all the necessary documentation, approvals, and compliance checks are in place for a secure investment, our team.
3. Virtual Tours & Online Consultation
Can't visit in person? We provide virtual property tours, video consultations, and digital transaction support.
4. Home Loan & Financial Guidance
We also help in getting home loans, fund repatriation, and tax savings for NRIs.
5. Property Management & Rental Assistance
If you are an NRI planning to invest in a property to generate rental income, we take the responsibility of collecting rent, handling tenants and looking after the maintenance of your property.
Frequently Asked Questions (FAQ)
Yes, Without any special permission from the Reserve Bank of India (RBI), NRIs can legally buy residential and commercial properties in Chennai.
NRI can invest in residential as well as commercial properties but cannot buy agricultural land, plantation property or farm houses without RBI approval.
NRIs can get home loans from Indian banks. The loan amount is generally up to 80% of property value and the loan has to be paid back through an NRE / NRO account.
Stamp duty, registration charges and GST (if applicable) are paid by NRIs. If the property is being sold, capital gains tax is applicable though exemptions can be claimed under certain conditions.
Yes, Indians living abroad, popularly known as NRI, can rent out their property in India and the rental income is taxed under Indian law.
For property sales, NRIs can repatriate funds only if taxes are paid and relevant documentation is submitted as per RBI guidelines..
A PoA is not necessary, however it is advisable to avoid complications in future, especially when the buyer is unable to come to India and get the documents and registration done.
Yes and No, FEMA (Foreign Exchange Management Act) regulations apply on the transaction and RBI approval may be needed in some cases.
We offer full assistance from property search, legal compliance, financial support, property management and resale services.
Each of the two options is useful. You get immediate possession with ready to move in homes, but under construction properties can be cheaper and can appreciate more.