Reserve by Godrej - India's Largest Investment Portal for NRIs

Spread over a sprawling 92.7 acres, in close proximity to the Kempegowda International Airport, is a land of diverse contours, all dressed in varied hues of green. With over 6 acres of forest, 2 clubhouses and a host of community parks, this isn't a place to build a mere home. It's a place to put down your roots for generations to come, a place to build upon your legacy, and give it a place to call home.

Spacific Details

Property Details

Price
Property Size
Bedrooms

Sq Ft

Structure
Style
Area

Plotted Development
Luxury
Devanahalli

Location

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Neighbourhood

What's Nearby

Devanahalli
08 kms 15 mins
Devanahalli Fort
06 kms 10 mins
Doddaballapura
20 kms 30 mins
Kempegowda International Airport Bengaluru
19 kms 24 mins

Comfort Living

Amenities

Library

Convenience Store

Cafeteria

Frequently Asked Questions

FAQs

Do NRI's require permission of Reserve Bank to acquire immovable property in India?

No. NRI's do not require any permission to acquire any immovable property in India other than agricultural / plantation property or a farm house.

Can corporate bodies use residential properties as office space?

It is illegal to put residential properties to commercial use. However, service-based industries are allowed to operate from residential areas, on the condition that they will vacate the property if any complaint is received from other residential owners.

Do NRI's require permission of Reserve Bank to transfer immovable property in India?

No. NRI's do not require any permission to transfer any immovable property in India. Permission is required only in the case of transferring of agricultural or plantation property or farm house to another citizen of India NRI or PIO.

Can NRI's/PIO's rent out the properties if not required for immediate use?

Yes. Reserve Bank has granted general permission for letting out any immovable property in India. The rental income or proceeds of any investment of such income is eligible for repatriation

Can NRIs obtain loans for a house/flat for residential purpose?

Reserve Bank has granted general permission to certain financial institutions providing housing finance e.g. HDFC, LIC Housing Finance Ltd., etc., to grant housing loans to NRI's for acquisition of a house/flat for self-occupation subject to certain conditions. The purpose of loan margin money and the quantum of loan will be at par with those applicable to housing loans to residents. Repayment of loan should be made within a period not exceeding 15 years out of inward remittances or out of funds held in the investor's NRE/FCNR/NRO Accounts.

Can NRIs jointly own with their close relative?

Yes. Such housing loans availed in rupees can also be repaid by the close relatives in India of the borrower.

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Godrej Group

Reserve

Credent Investment
+44 (0)203 129 6002
contact@credentglobal.com
162-168 Regent St, London
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