At Constera Realty, we are passionate about building high-quality residential and commercial properties with a focus on sustainability, innovation, and exceptional customer service. Founded in 2018, we leverage our team's over two decades of experience to exceed expectations by delivering the finest products and services.
We are committed to transparency throughout the building process, utilizing sustainable materials and environmentally friendly practices whenever possible. Our team of highly skilled professionals is dedicated to constant innovation, maximizing value for our customers.
Our goal is to be a customer-focused company, consistently striving to develop landmarks that elevate the cityscape and leave a positive impact on the lives of our customers.
A Non-Resident Indian (NRI) is an Indian citizen who resides outside India for employment, carrying on business or vocation outside India, or any other purpose that indicates an intention to stay outside India for an uncertain period. Yes, NRIs can buy residential and commercial properties in India. However, they are not permitted to purchase agricultural land, plantation property, or farmhouses.
Yes, you can co-own property with relatives such as siblings, parents, or spouses. And you can also be eligible for a home loan in India to finance the purchase of the property, provided you meet the lending bank’s criteria
Section 24: Interest paid on a home loan is eligible for deduction up to INR 2,00,000 per annum for self-occupied property.
Section 88: Principal repayment of the home loan qualifies for a deduction under Section 80C up to INR 1,50,000 per annum.
Yes, NRIs are entitled to the same tax benefits as resident Indians. They can claim deductions for interest paid on home loans under Section 24 and principal repayments under Section 80C of the Income Tax Act.
Interest on Home Loan (Section 24): Deduction up to INR 2,00,000 per annum for self-occupied property.Principal Repayment (Section 80C): Deduction up to INR 1,50,000 per annum.
While there are no specific schemes exclusive to Gujarat, first-time homebuyers in India can benefit from the Pradhan Mantri Awas Yojana (PMAY), which offers interest subsidies based on the borrower’s income category.
Section 80C: Submit the home loan principal repayment certificate to your employer or include it in your income tax returns.
Section 24(b): Submit the home loan interest certificate to your employer or include it in your income tax returns.Ensure all loan-related documents and property papers are in order and accessible for verification.
Yes, some banks and financial institutions offer lower interest rates or special schemes for women homebuyers. Senior citizens might also get preferential rates or benefits under specific schemes. It is advisable to check with individual banks for the latest offers and eligibility criteria.