Devashri Group participated in the Vibrant Goa event, which was held at the Dr. Shyama Prasad Mukherjee Indoor Stadium in Taleigao, Goa, India, from 8th to 10th November 2024.
Author: dattaraj
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Why Investing in Goa Real Estate Is a Smart Move Today
Goa has always been popular as a tropical getaway, but today it’s also one of India’s hottest real estate markets for savvy investors and homebuyers. Blessed with breathtaking beaches and a rich cultural scene, Goa is attracting retirees and investors looking for stable returns and lifestyle benefits. Whether you want a vacation home, a retirement escape, or a rental property with attractive yields, Goa has options to fit your needs.
Prime locations like Panjim, Porvorim and Candolim offer not just beautiful surroundings but great infrastructure, schools, healthcare, and connectivity. The growing number of gated communities and smartly designed apartments means buyers get modern amenities alongside peaceful living. The state’s real estate prices are appreciating steadily, with many areas seeing 15–30% annual growth, making investment in Goa property a wise and rewarding choice.
At Devashri Nirman LLP, we specialize in premium apartments, affordable luxury villas and thoughtfully planned communities. Our projects blend sustainable design, quality construction and detailed customer care, adding value for investors and families alike who want to grow their wealth in Goa’s thriving property market. -
NRI Guide to Buying Property in India
NRI Guide to Buying Property in India
Overview
Indian real estate is a popular investment for Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs), offering both financial growth and a connection to home. Regulations for NRI property purchases are fairly straightforward and do not require prior approval from the Reserve Bank of India (RBI) for most property types. The transaction process falls under the Foreign Exchange Management Act (FEMA).
Who Can Buy and What?
NRIs and PIOs can purchase residential and commercial property in India without restriction on the number of units, as long as transactions are in Indian rupees and routed through normal banking channels (NRE/NRO/FCNR accounts).
Agricultural land, farmhouses, or plantation properties cannot be purchased directly, but can be acquired through inheritance or gifts.
Regulations and Documentation
Most purchases do not require RBI approval, but cash transactions are not allowed, payments must occur through Indian banking channels.
Title and legal due diligence are crucial. It’s advisable to have property papers and builder credentials reviewed by a professional.
Documentation required generally includes passport, visa/PIO/OCI card, PAN card, address proof, income proof, and relevant bank account statements. A Power of Attorney (POA) may be recommended for timely processing if the NRI is not present in India.
Home Loans and Financing
Many Indian banks offer home loans to eligible NRIs, typically funding up to 80% of the property’s value. The remainder comes from personal NRI resources and all repayments must be made in rupees.
Loan qualification will depend on income, employment and sometimes educational background.
Taxation and Compliance
Rental income and capital gains from property sales in India are taxable under Indian law. If an NRI’s total income exceeds regulatory thresholds, filing a tax return in India is mandatory.
Double Tax Avoidance Agreements (DTAA) between India and other countries may provide relief from being taxed twice on the same income.
Ownership and Repatriation
There is no cap on the number of properties an NRI can buy, but sale proceeds for up to two residential properties may be repatriated, subject to RBI guidelines and proof of original foreign investment.
The sale of inherited agricultural land, farmhouses or plantations can only be made to a resident Indian.
Power of Attorney (POA)
Granting a trusted resident in India a POA can help timely manage paperwork, payment, registration, possession, and even sale or leasing activity.
Key Points to Remember
Only use regulated banking channels for all transactions.
Get property title, clearances, and builder approvals professionally checked.
Keep up with Indian tax laws, RERA registration (for new properties) and required documentation.
Consult qualified real estate and legal advisors for current rules and best practices.
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Complete Step-by-Step Guide to Owning a Devashri Home
Complete Step-by-Step Guide to Owning a Devashri Home
Welcome to the Devashri Experience
Purchasing a home is a significant life milestone, a blend of aspiration, emotion and trust. At Devashri Nirman LLP, every buyer benefits from transparent guidance, robust support, and peace of mind. This Buyers’ Guide will walk you through each step of your home-buying journey, from initial inquiry to the moment you receive your keys.1. Step-by-Step Purchase Process
Step 1: Enquiry & Project Selection
Explore current and upcoming Devashri projects on our website or by visiting our sales offices in Goa.Our expert sales team provides complete details: floor plans, pricing, amenities and current availability.
Schedule a site visit to experience the location, surroundings, and project features first-hand.
Step 2: Booking Procedure
Select your preferred home and submit the Booking Application with the initial booking amount.Receive a Provisional Allotment Letter confirming your reservation and outlining the next steps.
Step 3: Documentation & Agreement
Prepare and submit all required KYC documents: PAN card, Aadhaar card, passport-sized photos, address proof; companies also need GST Certificate, Board Resolution and MOA/AOA.Execute and register the Agreement for Sale as per the Goa RERA’s legal guidelines at the Sub-Registrar Office.
Step 4: Payment Schedule
All payments are linked to construction milestones for maximum transparency and buyer protection.Payments are accepted strictly via bank transfer, cheque or DD.
Every payment stage includes official receipts and progress updates.
Step 5: Construction Updates
Receive regular notifications regarding construction progress through email, SMS or digital channels.Request supervised site visits to monitor project status and quality.
Step 6: Pre-Possession & Handover
Upon project completion and receipt of the Occupancy Certificate, possession notification will be issued.After all formalities and final payments are complete, you’ll receive keys, a possession letter and a personalized welcome kit.
2. Important Buyer Guidelines
A. No Modifications Policy
RERA Section 14(1): No changes to structure, layout, or design after possession.All buyers must sign an “Undertaking of No Modification” before booking completion.
B. Title & Legal Clarity
Every Devashri project is developed on clear, marketable titles, with full statutory approvals for complete buyer confidence.C. RERA Registration
All projects are Goa RERA registered, offering full transparency and buyer protection.D. Timely Payments
Adherence to the approved payment schedule ensures booking validity and smooth possession timelines.E. Customer Support
Reach our Sales & Customer Relations Team for personalized assistance with queries, documentation, service requests, or after-sales support.Email: sales@devashrigroup.com
Phone: 0832 6650606, +91-70664 86671, +91-98224 86671
3. Documents Required for Booking
For individuals:Self-attested copies of PAN Card, Aadhaar Card, address proof, passport-size photographs
For companies:
GST Certificate, Board Resolution, MOA/AOA
4. Owning a Devashri Home: Long-Term Value & Care
Assistance with apartment maintenance and handover procedures.Support for society/apartment association formation.
Ongoing after-sales service and contact points.
Guidance on sustainable living, including water and energy efficiency practices.
5. Legal & Ethical Commitment
Full adherence to Real Estate Regulation and Development Act, 2016 (RERA).Complete disclosure of approvals, site plans, construction updates.
Pricing and possession schedule transparency.
Zero tolerance for structural or internal modifications after possession.
6. Downloads & Resources
Access essential project documents, including brochures and RERA certificates.Direct links to official Goa RERA for cross-verification and additional compliance.
7. Contact & Support
Devashri Nirman LLP Corporate Office:Dempo Tower, #710, EDC Patto, Panjim, Goa – 403001
Phone: +91-70664 86671 | +91-98224 86671
Email: sales@devashrigroup.com | support@devashrigroup.com
Website: www.devashrigroup.com
8. The Devashri Promise
“At Devashri, every home we build is a reflection of our commitment to quality, integrity and enduring trust. We don’t just construct buildings, we build relationships that last a lifetime.” -
Devashri Group participated in New Vistas Property Expo at Panaji Goa
The Devashri Group, a long-time participant in the Property Expo, experienced a steady crowd and positive responses from home buyers from all walks of life.
This year The Devashri Group featured some of its latest properties in Goa – Elanza I and II and The Janata Co-Op Housing Society Ltd at Margao, Casa Linda and Vista Bonita at Candolim, and Florenza at Arpora.
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Devashri participated at Rest of Maharashtra Mega Property Expo at Nehru Centre Worli – Mumbai
Devashri Nirman LLP participated in the property exhibition Rest of Maharashtra Mega Property Expo at Nehru Centre Worli – Mumbai on 7 & 8 Oct 2023. We showcased our projects Elanza 1 and Elanza 2, Margao – Goa, Vista Bonita – Candolim, Casa Linda Candolim – Goa, The Janata Co-Op Housing Society Ltd, Margao Goa. Visitors to the exhibition had good interactions with our team and got an opportunity to see Devashri’s commitment to quality and track record
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Participation at New Vistas Property Expo at Panaji Goa
The Devashri Group participated at the Property Expo New Vistas organised by The Navhind Times on 25th and 26th January at Panaji. We had a steady flow of people at our Stall. The Devashri Group has been a part of the Property Expo from its inception and has received a good response from home buyers from all walks of life
This year The Devashri Group featured 3 of its latest properties – Devashri Sun N Sand Phase 3 – Candolim, Devashri Greens – Porvorim and our latest launch Vasudev Vihar – Taleigao Panaji
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Devashri Group to participate at the 3rd Navhind Times Property Expo 2020
The Devashri Group will be participating at New Vistas, the 3rd edition of the Property Expo organised by The Navhind Times.
You can meet us at Stall 8 on Saturday 25th January and Sunday 26th January at Old GMC Building, Opp. Inox Courtyard, Panaji, From 10:00 am to 7:00 pm.
Hurry! Visit us to avail Exiting Launch Offers!
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Devashri participated at The Navhind Times Property Expo 2019
Devashri participated at 2nd edition of The Navhind Times Property Expo on 12th & 13th January 2019 at Old GMC Building, Opp. Inox Courtyard, Panaji – Goa. The expo was open from 10:00 am to 08:00 pm.
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Devashri participated at The Navhind Times Property Expo 2018
Devashri participated at The Navhind Times Property Expo on 20th & 21st January 2018 at Old GMC Building, Opp. Inox Courtyard, Panaji – Goa.