Dear NRI Investor,
If you are looking for invest in property in Hyderabad you are on the right page.
Welcome to Aakriti. Hyderabad's largest and most sought after property developer.
Here, you'll find the perfect mix of Residential & Commercial Properties to cater to your particular
needs, in terms of location, type of development and budget.
We've created this section on our website especially for you, in order to answer every question
that you may have pertaining to property investment in India.
Over the last couple of decades, several thousand Indians have made smart investment decisions
and become owners of awardwinning Prestige properties.
I invite you to join them by Adding Prestige to your life!
To begin with thank you for your continued patronage towards Aakriti. This section helps
you take the first step towards renting/leasing out your existing Aakriti Property. Simply
give us a brief on yourself & your property in the form below & our team will assist in finding you a
Reserve Bank of India (RBI) Guidelines specific to Investment in Immovable Property for Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs).
NOTE: The below stated information has been taken from the FAQs section of the RBI, which
was last updated on September 19, 2014. We aim to keep updating this section with relevant
information from time to time, however, to ensure you have the latest information, you may also
In terms of the Foreign Exchange Management Act (FEMA), 1999 a person resident outside India
means a person who is not resident in India.
What are the different types of accounts which can be maintained by an NRI 1/ PIO2 in India?
If a person is an NRI or PIO, she/he can, without the permission from the RBI, open, hold and
maintain the different types of accounts given below with an Authorised Dealer in India, i.e. a bank
authorised to deal in foreign exchange.NRO Savings Accounts can also be maintained with the
Post Offices in India. However, individuals/ entities of Bangladesh and Pakistan require prior
approval of the Reserve Bank.