NRI Corner

Sheth Creators has been helping change the skyline of Mumbai for over 3 decades. Today, our humble but significant contributions to the growth of the maximum city stands as testimony to the group's reliability.
Each of our projects is a result of long hours of planning and the meticulous application of the latest construction techniques by highly qualified, passionate people. We aim to exceed benchmarks and expectations every single time, and in the process, we constantly add to our capabilities and our ability to raise the bar.

Why Invest In India

Real estate sector in India is expected to reach a market size of US$ 1 trillion by 2030 from US$ 120 billion in 2017 and contribute 13 per cent of the country's GDP by 2025.
The Indian real estate sector has witnessed high growth in recent times with the rise in demand for office as well as residential spaces. Private Equity and Venture Capital investments in the sector have reached US$ 1.47 billion between Jan-Mar 2019.

India Turns Urban

Indian real Estate- Market size (USD billion)

The rapid urbanization offers significant opportunities for real estate in Indian cities with rise in demand for commercial and residential spaces. Real estate is expected to contribute 13% of India’s GDP by 2025.India’s real estate sector growth has placed our six metros – Mumbai, Delhi, Chennai, Hyderabad, Bengaluru and Pune – in the top 10 emerging property investment destinations list for the Asia-Pacific region.

Why Invest In Mumbai

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.

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.

Why Invest with Sheth Creators

With more than 30 years of collective experience under the leadership of Manging directors, Mr. Jitendra N. Sheth and Vallabh N. Sheth, we began to envision a world where a landmark would be more than just a structure set in brick and mortar. It would be proud declaration of identity by the neighbourhood upon which it stands. It is beacon of trust and dependability that people call their own. Sheth Creators has developed 20 Million square  feet residential, commercial, retail and township projects in India and abroad. Sheth Creators has built homes for 18000 families, winner of 33 international awards.

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 atpar with non-resident Indian citizens (NRIs).
Who is a PIO?
Aperson of Indian origin means an individual (not being a citizen of Pakistan orBangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan) who:
  • held an IndianPassport at any time,
  • or whose fatheror paternal grandfather was a citizen of India by virtue of the Constitution ofIndia 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 NRIsfrom purchasing any kind of agricultural land/ plantation property/ farm house in India.
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.