One of the exceptional features of Bhoomatha Group is the NRI services. Being an NRI and aspiring to invest in purchasing property in India now becomes easy with us. Possessing a land of your own in India can give you utmost satisfaction like never before. At Bhoomatha, we make it convenient and render with quality services that help you to fulfill your dreams and make them come true. We are the utmost trusted Real Estate group who has been pioneers in South India with quality features in our every venture. For any kind of query, we are open with solutions especially for NRI’s.
The Reserve Bank of India has permitted to sell property for the foreign citizens who belonged to India. In regard to this, whenever there is purchase of property the funds towards buying consideration should be either transferred to India or paid out of balance in the medium of NRE/ FCNR accounts.
The Reserve Bank of India allows rent out any static residential or commercial properties in India. Let it be the rental income or other returns of an investment. Such an income is subjected for reinstatement.
Payment is accepted via rupee-dominated NRO or NRE and FCNR accounts. Loans are made available from any of our Indian Nationalized Banks and privite financial institutions.
In a period of 90 days from the date of purchase, a declaration needs to be filed in the form of IPI7 in connection with Central Office of Reserve Bank at Mumbai. A final payment of purchase consideration is expected to be submitted comprising of a set of verified document evidence of transaction including certificate from the respective bank of the consideration that has been paid.
Documents such as Passport, Residential proof and PAN card are to considered to process. Bhoomatha is having an in house legal cell department for verification / preparation of documents while purchasing /sale of property, this will be beneficial to our customers to save their time and also to make their documents Perfect without any further disturbances. While registering the plot, we take the complete details of our customers and will make sure of document preparation through professional legal writers to proceed further in process of registration of a particular plot. We do document preparation both nationally and internationally.