NRI Corner
BUILDING REAL ESTATE AND WINNING HEARTS SINCE 1986
Chandak Group is a fast-growing Real Estate developer that has created its niche in the Mumbai real estate market with a strong foothold in the residential space with over 4,000 happy families as well as a trustworthy name in the commercial space.
We are a team of like-minded people who are passionate to deliver our very best to our customers, partners, and investors. We take pride in the deep foundation of trust we have built with our partners, vendors, and customers which is a key lever for our continuous growth and dedication. With 8 OCs delivered in the last 4 years, our history stands as our testimony for keeping the promises that we make.
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RELIABLE INVESTMENTS WITH TREMENDOUS POTENTIAL
India is on the cusp of its economic and infrastructural boom and Mumbai, being the financial capital of India, is at the centre of it.
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INTEGRITY AND TRUST ARE PART OF THE CHANDAK DNA
At Chandak Group, every project built, every building plan that is designed is done with the thought of delivering the best possible quality, design, and technology.
With a family of 4000+ happy families and growing, we are driven by the trust our customers and partners have put in us and always strive to keep our promises with the utmost integrity. Our belief of ‘every home is a promise of a new beginning’ is at the heart of every decision making that goes into the making of a marquee structure.
WHAT WE PROMISE
The Promise Of Timely Delivery
The Promise Of Simplifying Home Buying
The Promise Of Beauty
The Promise Of A Bright Future
The Promise Of Harmonious Communities
The Promise Of Excellence
OUR PRESENCE
We have been changing the skyline of Mumbai for over 3 decades. Today, our humble yet significant contribution to the growth of the city stands as testimony to our reliability.
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FAQs
Why Invest in Mumbai?
Sub-Header 1: Largest Market Share
The Mumbai Metropolitan Region is the largest real estate market in India compared to other key regions and is larger than Bengaluru and NCR combined. Mumbai has one of the highest commercial rental yields in the world.
Among 34 global cities rated by Knight Frank in their Global Cities 2018 Report, Mumbai ranks third – ahead of global financial hubs like Singapore, Hong Kong, New York, London and Beijing. In other words, buying a home in Mumbai might well be your best investment decision.
Sub-Header 2: India's Financial Centre
Mumbai is the financial hub of the country, generating approximately 6.2% of India's total GDP and accounting for approximately 30% of total FDI inflows in India. 24 of the 58 Indian companies to feature on the Fortune 2000 list for 2017 are headquartered in Mumbai. 11 of the 22 banks to feature on the list have their head office/ corporate office in Mumbai.
Source
Fortune 2000 for 2018
Why Invest with Chandak?
Chandak Group believes in the business of developing communities that are self-sustaining, safe and peaceful. Our homes are designed to nurture families and allow life to unfold in all its beauty and joy. The idea of bringing people together from various walks of life excites us and gives us the enthusiasm to create vibrant neighbourhoods.
This foundation of trust has helped us reach greater heights at an accelerating pace. In the last four years alone, we have constructed and delivered 4.2 lakh square feet of residential space with occupancy certificates.
Who is 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. organizations and officials deputed abroad by Central/ State Governments and Public-Sector undertakings on temporary assignments are also treated as non-residents). Non-resident foreign citizens of Indian origin are treated at 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 whose father or paternal grandfather was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955
What is an OCI
The Overseas Citizenship of India (OCI) is an immigration status permitting a foreign citizen of Indian origin to live and work& in the Republic of India indefinitely
Can NRIs buy real estate properties in India?
Yes. NRIs can buy and sell residential and commercial properties in India
Is there any restriction on the number of properties NRIs can buy in India?
There is no restriction on the number of residential or commercial properties an NRI can own in India. However, the law restricts NRIs from purchasing any kind of agricultural land/ plantation property/ farm house in India.
What are the documents required for buying a property in India?
The documents including but not limited to the below will be required for an NRI to purchase a property in India:
- PAN card (Permanent account number)
- OCI/ PIO card (In case of OCI/ PIO)
- Passport (In case of NRI)
- Passport size photographs
- Address proof
Can NRIs acquire or dispose residential property by way of gift?
Yes, the Reserve Bank Of India 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.
PROMISES MADE, PROMISES KEPT.
SPEAK TO OUR REPRESENTATIVE TODAY
VISIT US
Hubtown Solaris, 807/808 8th Floor, N.S. Phadke Marg, Opp. Teli Gully, Andheri-East. Mumbai - 400069
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