NRI Frequently Asked Questions.
Straight answers to the most common queries.
Can an NRI buy multiple properties in India?
Yes — there is no cap on the number of residential or commercial properties an NRI can own.
Can I book from Dubai without visiting Kochi?
Absolutely. We routinely close bookings from Dubai, Abu Dhabi, London, Singapore and Toronto entirely virtually — video site visits, digital booking, e-signature, POA for registration.
Do I need to visit India for registration?
Not necessarily. If you can travel, in-person registration is faster and cleaner. If not, a Special POA to a family member or the developer's legal desk handles it.
What is the down payment amount?
Booking amount is typically ₹5-10 lakh. Bank loan covers up to 80% of the property value. Your own equity contribution is around 20-25% including all charges.
Can I sell later and repatriate?
Yes — up to USD 1 million per FY, from up to 2 residential properties in a lifetime. Requires Form 15CA/CB compliance.
Is Purva City Kochi RERA registered?
Yes — registration is with Kerala RERA. Please verify the RERA number with our sales team.
What if construction is delayed?
Puravankara offers an escrow-protected delivery protocol. RERA also mandates 8-10% penalty per year of delay to buyers.
How do I resell later?
You can list through our in-house resale desk (preferred), Kochi brokers, or online platforms. Puravankara's resale desk typically closes at 8-12% above the last transacted price on the same tower.
Can I convert my Purva City home into an Airbnb?
The association bye-laws typically require minimum 30-day tenancy. Short-term Airbnb-style rentals are generally not permitted — the market is more suited to 12-36 month leases anyway.