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2 BHK flat with
Built area 1359 sft
for sale, Rs. 2200 per sft.

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3 BHK flat with
Built area 1650 sft
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JP Nagar

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1 BHK flat with
Built area 515 sft
for sale,
Rs. 8.5 lakhs.

Residential (Lease)
2 BHK flat with
Built area 1024 sft
for lease,
Rs. 8500 pm.

NRI Investments

Rules governing the Indian market as regards to NRI investments:

NRIs: A crucial element
NRI Investments in India
Non-resident Indians (NRIs) have played a crucial role in the development of the Indian real estate market. Opening-up of the economy in 1991 offered them new opportunities. Since 1994, NRIs have invested a sizeable amount, of which a big chunk has found its way into the property market.
Participation by NRIs as investors in the past has infused a necessary element which deprived the market completely in the pre-1991 period. Of late, the sector is trying to get its acts together.

But it will take some time before things really start looking up. The Indian realty business is still not very much organised and that makes things rather difficult for those who are not much familiar with the intricacies involved. In the past two years, NRIs have not shown enough interest in the market. Reason - The market has failed to offer the transparency that the NRIs are looking out for. Nobody would like to invest in an unsecured condition. In the wake of frequently changing laws, NRIs often fail to take advantage of the emerging opportunities that the market offers of late.

NRIs need to keep themselves abreast with various details as regards the Foreign Exchange Regulation Act, 1973 (FERA), Stamp Duty Act, Registration Act, and direct taxes, etc.

Investment in real estate development by OCBs (Overseas Corporate Bodies):

Non Resident Indians are now permitted to enter into the business of real estate development. This can be done by either forming a partnership firm or investing in a company incorporated in India. The Reserve Bank Of India has relaxed certain provisions with regard to investment in Indian companies engaged in housing and real estate development.

Persons of Indian nationality/origin resident outside India (NRIs) are permitted to invest upto 100 percent in the new issues of equity shares/convertible debentures of Indian companies engaged/proposing to engage in the following areas :

  • Development of serviced plots and construction of built-up residential premises
  • Real estate covering construction of residential and commercial premises including business centres and offices
  • Development of township
  • City and region level urban infrastructure facilities including roads and bridges
  • Manufacturing of building materials
  • Financing of housing development

Investment in proprietary/partnership firms engaged in real estate development is permitted on "non-repatriable" basis. The investee firm obtaining investment from the NRI/OCB will have to file a DIN declaration within 90 days to the RBI within whose jurisdiction the company is situated. the RBI has permitted limited repatriation facility to the interest or income portion on the investment subject to the terms and conditions that capital invested shall not be repatriable.

Investment in real estate development has since been extended to Overseas Corporate Bodies (OCBs) predominantly owned by NRIs.

Overseas Corporate Body would mean any overseas company, partnership company, society and other corporate body predominantly owned directly or indirectly to the extent of atleast 60% by NRIs and includes any overseas trust in which not less than 60% beneficial interest is held by NRIs directly or indirectly but irrevocably.

Investment in real estate development on repatriation basis is available only to NRIs/OCBs in companies. Repatriation of the original investment in foreign exchange made by OCBs will be permitted with the prior permission of Reserve Bank only after a lock in period of three years from the date of issue of shares/debentures. In addition, OCBs will be permitted to repatriate the net profit (upto 16 %) arising from the sale of such investment after the lock in period of three years.

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Office Space Located at main road, near to bus stop, car parking facility, visiblity, easy accessability, new bldg with marble flooring,
Built area 7500 sqft


Office Space
Its a 4 b/r house newly built with a car portico and a modular kitchen, modern house ideal for company lease with Built area 2200 sqft
price Rs 40,000/-

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