News Highlights

Company Profile

Mahaveer Multiplex (O) Pvt. Ltd. Incorporated in the year 2000 by Mr. Susant Kumar Patra, the first generation… [more]

Vision & Mission

Mahaveer Multiplex Pvt.ltd is on of the Odisha's leading construction company.We are a provider of… [more]

Chairman's Message

To Provide affordable Housing to every individual with a affordable Price. Which includes all modern… [more]

Executive Board

… [more]

Welcome to Mahaveer Multiplex !

Mahaveer Multiplex (O) Pvt. Ltd. is one of the fastest growing professional companies in the Odisha real estate industry with projects spread across the state including Cuttack, Bhubaneswar, Puri, Jajpur Road, Jharsuguda. MMOPL opens the doors to better homes in TwinCity (Bhubaneswar & Cuttack). Especially if you are contemplating a retreat to the suburbs of this fascinating city...

Latest from the Blog !

What are the guidelines for acquisition of agricultural land / plantation property / farmhouse by NRIs and foreign citizens of Indian origin?

All requests for acquisition of agricultural land / plantation property / farm house by any person resident outside India may be made to The Chief General Manager, Reserve Bank of India, Central Office, Exchange Control Department, Foreign Investment Division (III), Mumbai 400 001.

For further information please visit the FAQ Section of http://www.rbi.org.in

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Can authorised dealers grant housing loan to NRI’s where he is a principal borrower with his resident close relative as a co-applicant / guarantor or where the land is owned jointly by such NRI borrower with his resident close relative?

Yes. Such housing loans availed in rupees can also be repaid by the close relatives in India of the borrower.

Can authorised dealers grant loans to NRIs for acquisition of a flat/house for residential purposes?

Authorised dealers have been granted permission to grant loans to NRI’s for acquisition of house/flat for self-occupation on their return to India subject to certain conditions. Repayment of the loan should be made within a period not exceeding 15 years out of inward remittance through banking channels or out of funds held in the investors’ […]

Can NRIs obtain loans for acquisition of a house/flat for residential purpose from financial institutions providing housing finance?

Reserve Bank has granted general permission to certain financial institutions providing housing finance e.g. HDFC, LIC Housing Finance Ltd., etc., to grant housing loans to NRI’s for acquisition of a house/flat for self-occupation subject to certain conditions. The purpose of loan margin money and the quantum of loan will be at par with those applicable […]

Can NRI’s/PIO’s rent out the properties (residential/commercial) if not required for immediate use?

Yes. Reserve Bank has granted general permission for letting out any immovable property in India. The rental income or proceeds of any investment of such income is eligible for repatriation