Possession & Property Management On completion, you receive handover and possession certificate. For NRIs abroad, Urbando offers property management support: Tenant finding & rental management Maintenance & upkeep Utility payments & resale assistance
Registration of Property Property is registered at the Sub-Registrar’s office in Chennai. Buyer (or PoA holder) must be present with original documents. Stamp duty (7%) + registration charges (1%) apply.
Payment Process Payments must be routed through NRE/NRO accounts only. No cash payments are permitted. If opting for a home loan, the bank disburses payments directly to the developer.
Execution of Agreement Sign the Sale Agreement with the developer. If you’re abroad, execute via Power of Attorney (PoA) in favor of a trusted representative in India. PoA must be notarized and attested by the Indian Embassy/Consulate.
Legal Due Diligence Verify title deed, encumbrance certificate, and approvals. Ensure the property is free of litigation or loan liabilities. Developers like Urbando offer full transparency on approvals.
Documentation Keep these ready Valid Passport & Visa / OCI card PAN card (mandatory for all property transactions in India) Indian & Overseas Address Proof Recent passport-size photographs NRE/NRO/FCNR account details
Select the Property & Developer Shortlist projects in growth corridors like OMR, Perumbakkam, Velachery, Tambaram, or near the new airport. Check RERA registration of the project. Developer track record & delivery history. Amenities, location connectivity, sustainability features.
Arrange Your Finances Open an NRE/NRO/FCNR account with an Indian bank. Decide whether you’re funding the purchase through: Own savings transferred legally via banking channels. NRI home loan from an Indian bank (tenure up to 20 years).
Verify Eligibility NRIs, PIOs, and OCIs can freely purchase residential and commercial property in India. You cannot buy agricultural land, plantation property, or farmhouses.
Decide Your Investment Goal Are you buying for rental income, long-term appreciation, or personal use? Choose between apartments, villas, or plots based on your goal. Example: IT corridor apartments = best for rental, villas = future lifestyle + resale value.
