Why Invest?
Avinash Developers Pvt. Ltd. (ADPL) founded in 1996, is the flagship company of the group. ADPL is the pioneer in the state of Chhattisgarh in the realty sector, and a renowned promoter, developer, and builder.
True to its name, Avinash Group has built a revered reputation based on the timeless values of honesty, integrity, and trust. As a dynamic and diversified conglomerate, it straddles the domains of Realty, Automobile, Logistics, Transportation, and Retail. The Group has leapfrogged to the leadership stature in the realty sector in the state within a very short span. Our array of world-class projects exceeds a total of 1 crore sq. ft. of infrastructural spread completed with 55 lac sq. ft. of construction and 50 lac sq. ft. of Plotted development. Currently, over 1 crore sq. ft. of construction is in progress with 36 lac sq. ft. of ongoing construction and 76 lac sq. ft. of construction in the planning phase.
FAQ
No permission from RBI is required to buy residential and commercial property in India.
Yes, they can when it comes to residential and commercial properties but not in case of agricultural land/ plantation property, farm Houses.
Property can be bought either through inward remittance in foreign exchange via normal banking channels or through funds available in NRE (Non-Resident External)/NRO (Non-Resident Ordinary)/FCNR (Foreign Currency Non-Repatriable) accounts maintained by the investor.
Permission from RBI is not required to transfer immovable property to any Indian citizen.
Yes, such property can be sold but in cases where the property is bought by another PIO, funds towards the purchase consideration should be either remitted to India or paid out of the balances in NRE or FCNR accounts.
Yes, they can be given on rent. The rent proceeds can be credited to NRE/NRO account.
Yes, RBI grants permission to NRI/PIO to dispose of up to two houses by way of gift from or to a relative who may either be an Indian Citizen or PIO subject to compliance with applicable tax laws.
Yes, appointing a POA to process loan formalities on behalf of the NRI is allowed.
Age: Minimum 21 Years
Qualification: Minimum Graduation
Income:
- Minimum monthly income of $2000. (Criteria may differ for different HFC's)
- The stability of employment or business is also looked into.
Payment Options: EMI to be routed through the person’s NRE/NRO account.
No. of Dependents: Eligibility also determined by the number of dependents of the applicant, assets and other liabilities.