Enquire Now

Corporate Office

Metro Group, Plot No. A295, Saheed Nagar, Bhubaneswar - 751007, Odisha, India

Registered Office

Metro Group Orissa Pvt. Ltd., Metro Riverview Complex, Sunshine Field, Ring Road, Cuttack-753002, Odisha, India

Enquiries

+91 90900 48484 info@metrogroup.ind.in

Disclaimer

The information given on the website regarding the company, past experience, current and upcoming projects, except the legal documents, is purely indicative and representational and does not constitute a promise by the company nor does it create any contractual obligation on part of the company. The content herein of upcoming projects describes the conceptual plan to convey the intent & purpose of the projects. The pictorial representations, including that of buildings, towers, facilities, surroundings, color scheme and amenities are artistic impression and are only indicative of the envisaged developments and actual product may differ from what is indicated herein and all dimensions are approximate and are subject to construction variances. Further, the Company/ Architects reserve the right to add/delete any details/specifications/elevations mentioned, if so warranted by the circumstances subject to the applicable laws. The relationship between the Promoter/Developer and the actual customers will be governed strictly by the agreements to be executed from time to time and not on the terms of this website and or any other promotional document. Please refer to the template of Agreement for Sale on RERA Website or approach our sale’s representative available at our office address to know about Promoter’s/Developer’s legal offering and its contractual obligations in respect of purchase of flats/units in the Project(s).

Banner

NRI Corner

Odisha has emerged as the favored investment destination in the realm of Real Estate and Properties, a testimony to its exceptional infrastructure facilities and the government's progressive policies. The state presents a plethora of lucrative opportunities for growth and development, with Real Estate being one of its primary sectors. The ease of doing business, seamless transactions, and various government initiatives have enabled Odisha to secure its position as the most preferred state for investment, not only in India but also overseas.

Over the past decade, there has been a noticeable surge in the interest of investors, especially Non-Resident Indians (NRIs), in investing in Residential and Commercial Properties. At Metro Group, we provide professional assistance and support to NRIs interested in investing in Odisha's properties and projects. Our team of experts will ensure a hassle-free experience and assist you with all the necessary formalities, making investing in the promising state of Odisha a seamless and rewarding experience.

FAQs

Are foreign nationals of Indian origin allowed to purchase immovable property in India?
Yes, foreign nationals of Indian origin, whether resident in India or abroad, have been granted general permission to purchase immovable property in India.
Do non-resident Indian nationals require permission of Reserve Bank to acquire residential / commercial property in India?
No permission is required by non-resident Indian nationals to acquire immovable Property in India.
What should be the method of payment for purchasing residential immovable property in India by foreign nationals of Indian origin under the general permission?
The purchase consideration should be met either out of inward remittances in foreign exchange through normal banking channels or out of funds from NRE/FCNR accounts maintained with banks in India.
In what way the Non-resident Indian can finance the flat?
The purchase of the flats can be financed from the fresh remittance through the normal banking channels or from payment from original non-resident account or from Non-resident (External) Accounts. Non-resident Indians who are citizens of India (India Passport holders) are eligible for housing finance for the acquisition of an immovable property or construction of a new house, or a flat for their occupation or for that of their family in India. But the HDFC also considers granting of loans to non-resident Indians even if they are abroad, provided a family member of his or her in India is made a co-borrower and a power of attorney is given to his representative in India.
Can the property be purchased through the agent or the Power of Attorney for Non-resident Indians staying abroad?
The non-resident Indians who are staying abroad may enter into an agreement through their relatives and/or by executing the Power of Attorney in their favour as it is not possible for them to be present for completing the formalities of purchase (negotiating with the builder or Developer, drafting and signing of agreements, taking possession, etc.) These formalities can be completed through some known person who can be given the Power of Attorney for this purpose. Power of Attorney should be executed on the stamp paper before the proper authorities in foreign countries. Power of Attorney cannot be drafted on the stamp paper bought in India.
Can the rental income from such property be remitted outside India?
No. Such income cannot be remitted abroad and will have to be credited to the ordinary non-resident rupee account of the owner of the property.
What is the approved method of sending remittances into India?
The approved method of sending remittances into India is through normal banking channels.
Can such residential property be given on rent if not required for immediate residential use?
Yes