• Real Estate Developer | Land Developer | Plots at Indore | Developer at Indore | Property | Property at Indore | Realties | Real Estate Investment : Millennium Devcon Pvt. Ltd.
  • Real Estate Developer | Land Developer | Plots at Indore | Developer at Indore | Property | Property at Indore | Realties | Real Estate Investment : Millennium Devcon Pvt. Ltd.
  • Real Estate Developer | Land Developer | Plots at Indore | Developer at Indore | Property | Property at Indore | Realties | Real Estate Investment : Millennium Devcon Pvt. Ltd.
  • Real Estate Developer | Land Developer | Plots at Indore | Developer at Indore | Property | Property at Indore | Realties | Real Estate Investment : Millennium Devcon Pvt. Ltd.
Millennium Devcon Pvt. Ltd. NRI's Corner
At Millennium Devcon, we have a focused dedicated sales team which offers real estate solutions to our prestigious NRI clients. The team reaches out to NRIs in various regions by way of exhibitions, road shows and seminars and fulfils sales through a dedicated project sales team. We understand your requirements because we understand you, and the fact that nothing but the finest remains the benchmark for the well-heeled and well-travelled, such as yourself.

The group's strong brand and execution capabilities have attracted the best financial investors from across the globe. Also selected as one of Central India’s best Builders and Developer, the group has consistently delivered innovative Real Estate Investment solutions, not just by developing structures but by building better lives. Millennium Devcon collaborates with leading professionals and suppliers for facilities management, to deliver excellence in every aspect of Real Estate development.
NRI's Corner
NRI FAQs :
Who is a non-resident Indian (NRI)?
An Indian citizen who stays abroad for employment/carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident. (Persons posted in U.N. organisations and officials deputed abroad by Central/State Governments and Public Sector undertakings on temporary assignments are also treated as non-temporary assignments are also treated as non-residents). Non-resident foreign citizens of Indian origin are treated on par with non- resident Indian citizens (NRIs).

Who is a PIO?
A person of Indian origin means an individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan) who:
• Held an Indian Passport at any time, or
• Who or whose father or paternal grandfather was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955

Who can purchase immovable property in India?
Under the general permission available, the following categories can freely purchase immovable property in India:
i) Non-Resident Indian (NRI) - that is a citizen of India resident outside India
ii) Person of Indian Origin (PIO)

Can NRI’s sell the properties they hold in India without reserve Bank’s Permission?
Yes.

Can NRI’s Acquire or Dispose residential property by way of gift?
Yes, the Reserve Bank has granted general permission to NRIs to acquire or dispose of NRI India Properties by way of gift from or to a relative who may be an Indian citizen or a person of Indian origin (PIO) whether resident in India or not.


Please refer to the below links for updated information:
    ♦  Ministry of External Affairs: http://mea.gov.in/
    ♦  Indian Income tax: http://www.incometaxindia.gov.in/
    ♦  RBI (NRI FAQ): http://www.rbi.org.in/scripts/faqview.aspx?id=52
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