Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What way the Non-resident Indians can finance the flat?

April 26, 2017Finance flat indians non-resident

0

Posted

What way the Non-resident Indians can finance the flat?

1 Answer

0

Posted

Ans. The purchase of the flats can be financed from the fresh remittance through the normal banking channels or from payment from non-resident accounts. When the flat is under construction, it may be possible to get instalment facilities from the builder. Loan may also be available in India for purchase of flats, for example from Housing Development Finance Corporation, ANZ Grindlays Bank, Citi Bank etc.