Labh Group proudly stands as a trusted and preferred real estate and infrastructure partner for Non-Resident Indians (NRIs) across the world — including the USA, UK, Canada, Australia, Africa, Singapore, and beyond. For NRIs, owning a home in India goes beyond investment, it represents emotional roots, security, and a dream return to their homeland for retirement, family vacations, or future settlement.

At Labh Group, we deeply understand this emotional connection and the specific lifestyle expectations of global Indians. Our developments are thoughtfully conceptualized to meet the aspirations of NRIs — offering prime locations, smart architecture, modern amenities, and a premium standard of living that feels both familiar and luxurious.

For personalized guidance and complete details on this exclusive opportunity, connect with our dedicated NRI assistance team committed to making your home-buying experience smooth, secure, and satisfying.

NRI

Frequently Asked Questions

We have tried to dispel the general doubts and queries, still in case of any question, query or doubt feel free to contact us.

An NRI, or Non-Resident Indian, is an Indian citizen residing abroad for employment, business, or vacation, or under circumstances implying an indefinite stay abroad. This classification extends to individuals posted in U.N. organizations, officials temporarily assigned abroad by Central/State Governments, and those from Public Sector Undertakings. Notably, non-resident foreign citizens of Indian Origin are accorded the same status as non-resident Indian citizens.

A foreign citizen is deemed to be of Indian origin if, He held an Indian passport at any time, OR He or his father or paternal grand-father was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955).
This citizen should be other than a citizen of Pakistan, Bangladesh, Afghanistan, Bhutan, Sri Lanka or Nepal.

Reserve Bank has granted general permission to foreign citizens of Indian origin, whether resident in India or abroad, to purchase immovable property in India for their bona fide residential purpose. They are therefore not required to obtain separate permission from The Reserve Bank.

Foreign citizens of Indian origin can facilitate payment for a residential immovable property in India through two authorized channels. The payment can be made using inward remittances in foreign exchange through standard banking channels or through funds sourced from NRE/FCNR accounts held with banks in India.

Buyers are mandated to submit a declaration in Form IPI 7 to the Central Office of Reserve Bank in Mumbai within 90 days from either the date of purchasing the residential immovable property or completing the final payment. This submission should include a certified copy of the transaction-confirming document and a bank certificate verifying the payment.

Certainly. Foreign citizens of Indian origin are permitted by the Reserve Bank to freely acquire or dispose of residential properties through the gift, allowing for the exchange of up to two houses with a relative, whether they are an Indian citizen or a person of Indian origin, residing in India or abroad. It's essential to ensure that the applicable gift tax has been duly paid for such transactions.

Yes. Under the general permission granted by the reserve Bank of India with the same procedure as residential property.

Certainly. Certain financial institutions, such as HDFC and LIC Housing Finance Ltd., have been granted general permission by the Reserve Bank to provide housing loans to non-resident Indian nationals for acquiring residences for self-occupation. This is, however, subject to specific conditions.

Yes. Reserve Bank permits Indian firms/companies to grant housing loans to their employees deputed abroad and holding Indian passport subject to certain conditions.

Regulations regarding acquisition and transfer of immovable property in India by a person resident outside India have been notified vide RBI Notification No. FEMA 21/2000-RB dated May 3, 2000 as amended vide Notification No. FEMA 64/2002-RB dated June 29, 2002 and Notification No. FEMA 65/2002-RB dated June 29, 2002 and relevant directions issued in the form of A. P. (DIR Series) Circulars.

An NRI has the flexibility to sell or transfer a property in India to an Indian citizen, another NRI, or a foreign national of Indian origin.

NRI/PIOs can seamlessly transfer their agricultural land, plantation property, or farmhouses in India through sale, under the general permission. The recipient must be a resident in India and a citizen of the country.

Certainly. The Reserve Bank has provided a general permission for the sale of such property. In the event that the property is acquired by another foreign citizen of Indian origin, the purchase consideration must be either remitted to India or sourced from balances in NRE/FCNR accounts.

For residential properties acquired on or after May 26, 1993, the Reserve Bank entertains applications for repatriation of sale proceeds, limited to the foreign exchange amount initially remitted for the property's purchase, for up to two such properties. Any surplus from the sale or proceeds from properties acquired before May 26, 1993, should be directed to the owner's regular non-resident rupee account.