Ahmedabad has become a mega city and now considered as seventh largest city of India. Ahmedabad is having a combination of traditional & cosmopolitan culture, socially attached ahmedabad is now having an international airport where 76 international flights been taking off every week to london, singapore, new york, new jercy, los angeles, kualalumpur, dubai, sharjah, colombo.

Ahmedabad is the multiplex city of india, having 8 to 10 multiplex theatres consisting 4-6 movie screens.

Due to the initiatives like creating man made lakes, gardens, roads, dust free environment and 24hours 365days electricity supply taken by AUDA(Uurban Development Authority of Ahmedabad) and AMC (Ahmedabad Municipal Corp) will surely make Ahmedabad a best place to live in India.

Under the Foreign Exchange Regulation Act of 1973, on-Resident Indians are: a. Indian citizens who stay abroad for employment or for carrying on business or vocation outside India or for any other purpose in circumstances indicating an indefinite period of stay abroad.

b. Government servants who are posted abroad on duty with the Indian missions and similar other agencies set up abroad by the Government of India where the officials draw their salaries out of Government resources.

c. Government servants deputed abroad on assignments with foreign Governments or regional/international agencies like the World Bank, International Monetary Fund (IMF), World Health Organization (WHO), Economic and Social Commission for Asia and the Pacific (ESCAP).

Ahmedabad is the multiplex city of india, having 7 multiplex theatres consisting 4-6 movie screens.

Due to the initiatives like creating man made lakes, gardens, roads, dust free environment and 24hours 365days electricity supply taken by AUDA(Uurban Development Authority of Ahmedabad) and AMC (Ahmedabad Municipal Corp) will surely make Ahmedabad a best place to live in India.

The Reserve Bank of India (RBI) has issued certain guidelines for granting loans to Non-Resident Indians. The guidelines are: The loan amount shall not exceed 85% of the cost of the dwelling unit. Own contribution, which is the cost of dwelling unit financed less the loan amount, can be met from direct remittances from abroad only through normal banking channels, your Non-Resident (External) [NR (E)] Account and /or Non-Resident (Ordinary) [NR (O)] account and /or Non-Resident Special Rupee account [NRSR] in India. Repayment of the loan, comprising of the principal and interest including all the charges are to be remitted from abroad only through normal banking channels, your Non-Resident (External) [NR (E)] Account and /or Non-Resident (Ordinary) [NR (O)] account and /or Non-Resident Special Rupee account [NRSR] in India.

NRIs can avail loan for buying or constructing a new home, extending or improving an existing home or even to buy a plot.

Own Contribution is the cost of the dwelling unit financed less the loan amount. The own contribution should be met from direct remittances from abroad through normal banking channels or from the Non-Resident (External) Account/Non-Resident (Ordinary) or the Non-Resident Special Rupee account in India.

The following documents are required along with the application form: Photocopy of the labour contract duly countersigned by your employer (translated to English for non-English documents). Latest salary certificate (in English) specifying the following: Name (as it appears in the passport). Date of joining. Passport Number. Designation. Perquisites and salary. Photocopy of labour card/identity card. Photocopy of valid resident visa stamped on the passport. Photocopy of monthly statement of local bank account. Property related documents.

Typically the security for the loan is first mortgage of the property to be financed, normally by way of deposit of title deeds and/or such other collateral security as may be necessary. In addition interim security may be required, if the property is under construction. Collateral or interim security could be in the form of assignment of life insurance policies, surrender value of which is at least equal to the loan amount, pledge of shares and such other investments.

Yes. Normally it is desirable to appoint a Power of Attorney in India to represent you in dealings in India. The Power of Attorney should be executed as per drafts provided by the housing finance company. The Power of Attorney can be given to any person of your choice in India.

According to the lending institution, any Indian resident who is over 21 years of age at the beginning of the loan and below 65 at its maturity can avail of the loan.

These are loans you have access to depending on whether you want to buy or build a house and can also be used to repair or extend an existing house.

Taking a loan seems like a good option when the money at hand is insufficient to buy the house of your dreams. Consider couples in their twenties and thirties. They enjoy a good income currently, but their accumulated capital isn't enough to purchase a house. Whereas a home loan can give them access to capital against their current earnings. Also, if you take a 10-year-old loan when you are thirty, you could repay it by the time you're forty. So you don't have to be burdened with the interest and are free to plan your retirement savings.

Loan sanctions depend on your repayment capacity - which is based on your current income and your future repayment capacity. You could include your spouse's income to enhance the loan amount. The maximum loan that can be sanctioned varies with each bank/institution and ranges from Rs.10 lakhs to Rs.1 crore.

A home loan is very different from a personal loan like a car loan for instance. You utilize a home loan for financing an asset that will hold its value and even appreciate over the period of the loan. Though its price could fluctuate in the short term, Real Estate will show capital appreciation over the years.

The value of your house generally appreciates while the loan remains constant. If you had opted to wait, save up and buy a house, it would, in the long run cost you much more. Home loans also come with many tax benefits. There are also More Factors to Consider other than these. Do check them out.