Settling down in foreign countries with a thriving career is exciting, but having a home back in your country’s growing cities like Mumbai, Jaipur and Kolkata has several benefits; i.e. your ageing parents get the helping hands of your relatives and your investments get capital appreciation or consistent rental income.
Siddha Group brings the golden opportunity for NRI investors by developing luxurious residential projects in prime locations of country’s most-evolved cities like Mumbai, Jaipur and Kolkata. Being the most trusted real estate brand of Eastern India in 2018-19, Siddha Group offers the best return on investment (ROI) and hassle-free real estate investment opportunities.
As per CBRE, India’s real estate sector is poised for strong growth in 2019 considering the positive economic fundamentals, healthy demand and quality supply. With co-living trend on an all-time high as a consequence of increasing employment opportunities and establishment of world-class educational institutions in Mumbai, Jaipur and Kolkata, it is indeed the ideal time to invest in residential real estate industry back in India. We, at Siddha Group, aim at offering you the amenities-packed mid-segment and luxurious residential properties at prime locations.
Conveniently located in:
Your City of Joy is now home to a number of luxurious projects where the cultural richness can not only be seen, but experienced habitually. From BT Road in Kolkata North to EM Bypass in Kolkata South, live the richness of Kolkata’s culture at your Siddha home.
Your royal city has an integrated township for your family and relatives to share the same royal Aangan – Siddha Aangan, a fully operational township with lively community. Explore the ongoing Siddha Aangan extensions to find your best investment option.
Your City That Never Sleeps has multiple addresses for its residents’ leisure and luxurious lifestyle. Siddha Sky and Siddha Seabrook are perfect matches for the ambitious souls who dream to achieve the best in their domains. An excellent investment opportunity for enthusiastic NRIs.
A Non-resident Indian is an individual of Indian origin who lives outside the country for education, employment or business purposes. Any person who is associated with India through citizenship, nationality, ethnicity or ancestry qualifies to be categorized as a NRI.
A Person of Indian Origin (PIO) is any foreign citizen who possesses any of the following:
1. Has held an Indian passport at any time
2. Has ancestral association; i.e. parents, grandparents or great-grandparents who were permanent residents of India under the Government of India Act, 1935
3. Is a spouse of an Indian citizen
An Overseas Citizenship of India (OCI) is an immigration status that permits the holder, who is a foreign citizen of Indian origin, to live and work in the Republic of India indefinitely.
Do non-resident Indian (NRI) citizens require RBI’s permission to invest in residential property in India?
No, Reserve Bank of India (RBI) has allowed Non Resident Indians (NRIs) to make investments in immovable real estate investments in India without any cap on quantity of investments.
What are the formalities involved for purchasing a residential property by an NRI in India?
The investor is required to file a declaration in form IPI 7 with the Central Office of Reserve Bank located in Mumbai within 90 days from the purchase of residential property.
What are the documents required to purchase a property in India?
1. PAN Card
3. OCI/PIO Card
4. Address Proof
5. Passport size Photographs
Can NRIs buy any kind of properties in India?
No, NRIs cannot buy farm house, plantation property or agricultural land in India; unless the same is specifically approved by RBI. However, an NRI can buy immovable residential properties in India.
What are the accepted modes of payment for property acquired in India?
Payment for immovable property has to be received in India through banking channels and is subject to payment of all taxes and other duties/ levies in India. The payment can also be made out of funds held in NRE/ FCNR(B)/ NRO accounts of the NRIs/ OCIs. Payments should not be made through travellers’ cheque and foreign currency notes.
Can NRIs obtain loans for acquisition of a house for residential purpose from financial institutions providing housing finance?
Yes, financial institutions like HDFC and LIC Housing Finance Ltd. have the general permission from Reserve Bank of India to grant housing loans to NRIs for residential properties subject to certain conditions. However, loan repayment period should not exceed 15 years.
Own a Home, not home-related worries.
Siddha Property Management ensures that you enjoy living in a peaceful yet convenient environment of a Siddha home. How? We provide complete assistance with your home management services from the day you get registered as our customer.
So what do Siddha property management provide? Well, if you plan to rent out your home after possession, our property management team gives you a helping hand. Apart from this, we get you covered when you’re town – right from housekeeping to cab booking and food delivery assistance. What else? You can rent a Siddha home if you are not planning to buy one at the moment. All you need to do is connect with our Siddha property management team.
At Siddha Group, our mission is to create, with passion and transparency, innovative, high quality living and working spaces within committed timelines, that lead to stakeholders’ delight. We aim at being the most admired real estate brand in India through the following values:
• Upholding the highest ethics, standards and systems to drive meaningful value to our stakeholders.
• Being honest and transparent in each and every endeavour.
• Constantly innovating and improving our products, processes and people to create a leadership benchmark in the real estate industry.
• Adding a 'human touch' to everything we do, every space we craft and every stakeholder we deal with.
As designers and creators of happy homes, we are deeply conscious of our responsibilities towards our residents and investors. Our commitments define us; hence, we’re the most trusted real estate brand in Eastern India.
About Siddha Group
We believe a house is not mere bricks and mortar. Neither is it a place where you just live encased in four walls. We believe in homes. The special place that helps you discover the real you. Your life’s focal point beckoning you time and again. Our aim is to partner you in this art of homemaking. Since inception in 1986, we have been creating home and workspaces with a difference, to make good living affordable in Kolkata, Jaipur, Mumbai and Bangalore.