Buyers Guide

In recent times, India has emerged as one of the popular real estate destinations for the global investors. According to the consultant Cushman and Wakefield, “Investment in Indian real estate was over the US $ 5 billion in the year 2014.”
Real estate is one of the booming industries in the country and your investment will surely flourish in the next five years. It is all set to scale new heights with the emergence of fresh localities in tier one and two cities. Apart from financial opportunities, a home in your own homeland provides a sense of security and supports you and your family emotionally.
Eela understands your concerns and apprehensions. That’s why it provides quality construction, homes at strategic locations and maintains a complete transparency in every transaction.

Q. Who is a Non Resident Indian (NRI)?

According to the Foreign Exchange Management Act (FEMA) of 1999, an Indian Citizen who stays abroad for employment/business or stays outside the country for an indefinite period of time is considered to be an NRI. (Persons Posted in U.N. organizations and official deputed abroad by Central/State Governments and Public Sector undertakings on temporary assignments are also treated as nonresidents). Non-resident foreign citizens of Indian Origin are treated on par with non- resident Indian citizen (NRIs).

Q. Who is a Person of Indian Origin (PIO)?
Q. Can an NRI/ Foreign national acquire immovable residential property in India?
Q. Do NRIs/ Foreign citizens of India need to submit any documents with RBI when purchasing immovable residential property in India?
Q. Are there any restrictions on the number of residential property that an NRI/PIO can purchase?
Q. Can an NRI transfer his residential property by way of sale?
Q. Can a PIO transfer his residential property by way of sale?
Q. Can an NRI/PIO transfer his residential property by way of gift?
Q. What mode of payment can an NRI/PIO make to purchase a residential property in India?
Q. Can NRIs obtain loans for acquisition of a house /flat for residential purpose from authorised dealers/ financial institutions providing housing finance?
Q. What are the formalities required to be completed by foreign citizens of Indian origin for purchasing residential immovable property in India under the general permission?
Q. Can an NRI give their residential property on rent if not required for immediate use?
Q. Can NRIs / PIOs repatriate outside India the sale proceeds of immovable property held in India?
Q. Can an NRI/PIO repatriate the proceeds in case the sale proceeds were deposited in the NRO account?

The project has been registered via MahaRERA registration number:

Eela Phase I   Eela Phase II
P52100012382   P52100004281

Available on the website www.maharera.mahaonline.gov.in under registered projects.

Call Now Enquire

Disclaimer

This website and its contents are purely conceptual and merely to assist reader to navigate into images, architectural drawings, area, & other information only. Siddhashila Developers does not take responsibility that may arise from any information given in this website. None of the objects/representation mentioned herein constitute a legally binding offer or invitation to treat.

Siddhashila Developers reserves right to add, delete, alter or in any manner change the plans, specifications, images, architectural drawings, prices, data & other information in its endeavor to make improvements as and when required without prior notice or obligation. The images, layouts and maps presented in this website are for indicative purpose only. Artist's impressions are used to illustrate some products and features.The actual elevation may vary form the Artists impressions depicted. The information in the detailed floor plans, sections are indicative and not to scale.

Siddhashila logo is a registered trademark. All rights reserved. The contents, service marks, graphic images, layout, information, text, opinions and material contained in this website are the exclusive property of Siddhashila Developers. No person shall use, copy, reproduce, distribute, imitate publish, display, modify, create derivative works or database, use, transmit, exploit, sell or distribute the same in whole or in part or any part thereof in any form or by any means, electronic, mechanical, photocopy, recording or otherwise without prior express written permission from Siddhashila Developers.

All amenities and specifications are as per availabilities and discretion of the developer. Nature and locations of all amenities and proposed development shown in the proposed master plan can be added, omitted, or shifted as per the developer' discretion.