The Title will formally transfer to the Customer when possession of the Unit is offered along with the Sub-Lease Deed for the said Unit is executed between the Developer and the Customer.
An Indian Citizen who stays abroad for (a) employment/ carrying on business or (b) vacation outside India or (c) stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident. Persons posted in U.N. organizations and officials deputed abroad by Central/ State Government and Public Sector Undertakings on temporary assignments are also treated as non-resident. Who is a RI (Non Resident Indian) ?
These are bodies largely owned by people who are Indian citizen or of Indian origin but reside outside India. They include overseas companies, corporate bodies and partnership firms owned mostly by the Indian citizens or people of Indian origin. In these bodies, three-fourth of the interest is owned by Indian citizens or people of Indian origin.
Person-of-Indian Origin can be people who are citizens of a foreign country, but who was born in India or whose father and forefathers were of Indian origin.To be considered a PIO the foreign national must register with the appropriate Indian authorities and obtain the PIO Card. PIO Card holders are granted the same benefits that are extended to a NRI.
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