NRI LOUNGE
A home back home is not just an aspiration but also a great investment opportunity for Indians staying abroad. Staying close to your roots while finding potentially great financial investments is not as easy as it seems. Real Estate segment poses as one of the best options. Investments in property are not just secure but also come with several other advantages.
The questions, however, remain. Where to, how to and with whom should you invest? To answer all your questions and make the entire process breezy, Nyati Group is here to assist you all through the way.
INVEST WITH THE BEST
Property investments are huge and thoughtful decisions. These are sometimes once-in-a-lifetime & long term investments. So why not make it with the finest choice available? One of the leading real estate developers in the ever-growing city of Pune, Nyati Group has carved its niche in this segment with its focus on quality, customer-centricity, transparency and unbound trust of all its customers. With unwavering dedication, we have delivered premium projects year after year in some of the most prominent locales of Pune.
What’s more? Going a mile ahead to provide real-time services to our NRI clients, we have established our presence in the Middle-East through our Dubai Office.
WHY PUNE?
Pune as a city is an investor’s delight, given the never-ending perks it offers. Surrounded by the lush green hills and landscapes, Pune is a pleasant city which has been growing with every passing year. Integrating the benefits of a cosmopolitan life with the bliss of scenic beauty & abundance of resources, it is known as the “Queen of Deccan”. Along with rich cultural heritage, Pune is also known as the educational capital of Maharashtra with a number of students migrating from various places to the city for academics.
The city has witnessed a huge growth in its industrial, IT and manufacturing segments in the past few years. It has become a major IT hub with several Indian as well as foreign investments. Pune has also seen rigorous infrastructural & residential as well as commercial property developments.
Moreover, there has been a rise of new malls, fine-dine restaurants and many other indulgences in the past few years and it continues to grow in every way. Some locales of Pune are now under the smart-city initiative taken up by the Government of India. The urban lifestyle amidst the tranquil setting and conveniences has made Pune one of the best investment options in India with high returns.
WHY NYATI GROUP?
Nyati Group has emerged as a leader in Pune real estate development through its prowess in delivering quality services. With customers at the centre of all that we do, we have conceived, created and timely delivered over 40 projects and served over 10,000 happy families. Walking every step of the journey with all our clients, Nyati Group has built an empire on the cornerstones of trust, integrity and transparency. Quality is another trademark of a Nyati project. Be it residential or commercial spaces, we have delivered some exclusive & premium projects at strategic locations in the city.
Nyati homes are conceptualised to offer a holistic lifestyle. They bring you close to conveniences, are well-connected to major IT and Commercial hubs of Pune and yet, they are beautifully away from the clutter of the city. Blessed with nature's bounty, Nyati homes are curated to provide an uber-urban yet tranquil lifestyle. We have our footprints in some of the finest locales in the city where growth knows no bounds. This is what makes the addresses worth investing in!
Your journey with Nyati Group will start with registering interest and will go on forever. To make the process easy and proficient for you at every step, we offer some remarkable services.
TESTIMONIALS
FAQs
An Indian Citizen who lives in India for less than one hundred & eighty-two days during the preceding financial year, or who has gone out of the country or who stays outside the country for the purpose of employment is called a Non-Resident Indian (NRI).
A Person of Indian Origin, or PIO, is a foreign citizen (except a national of Pakistan, Bhutan, Afghanistan, Sri Lanka, Bangladesh, China, Iran and Nepal) who at a certain point of time held an Indian passport
Or
who was or either of their parents/ grandparents/ great grandparents were born and has been a permanent resident of this country as defined in Government of India Act, 1935, and other territories that later became part of India, given that neither was a citizen of any of the countries mentioned above at any point of time
Or
Who is a spouse of an Indian citizen or a PIO.
Or
who was or either of their parents/ grandparents/ great grandparents were born and has been a permanent resident of this country as defined in Government of India Act, 1935, and other territories that later became part of India, given that neither was a citizen of any of the countries mentioned above at any point of time
Or
Who is a spouse of an Indian citizen or a PIO.
It is an immigration status which allows a foreign citizen of Indian origin to live and work in the Republic of India indefinitely. This immigration status is known as the Overseas Citizenship of India (OCI).
Yes. An NRI can buy, either a residential or commercial property in the country. Moreover, there is no set limit on the number of residential or commercial properties that they can own in India.
Exception: However, an NRI cannot buy plantation land, agriculture land or a farmhouse in India. He/she cannot even acquire such property as a gift, but there is no bar on inheriting it.
Exception: However, an NRI cannot buy plantation land, agriculture land or a farmhouse in India. He/she cannot even acquire such property as a gift, but there is no bar on inheriting it.
The Reserve Bank of India (RBI) has generally permitted to give housing loans to NRIs to select financial institutions that deal in housing finance. These loans can be processed for the acquisition of houses/flats for self-occupation, subject to certain conditions.
No. There isn't any restriction on the no. of residential or commercial properties an NRI can own in India.
One holds the choice to not grant the Power of Attorney (POA) to the real estate developers. However, this will mandate that all documents are mailed to your foreign residence and increase the associated time delays.
An NRI can acquire a Home Loan of up to 85% of the Total Consideration Value.
Income tax is not incurred on the mere acquisition of property. However, on any income generated from the ownership of it, like rent/ the annual value of the house, if it is not rent out and given it is not the sole residential property owned by that person in the country and/or short term/long term capital gains arising on selling the house or part thereof is taxable in the hands of the owner.
Yes. We, as your developer, very well understand that as an NRI you have a different set of needs concerning your real estate management and investment requirements and we also know that it needs a unique set of services to cater to your requirements. The good news is that the Government of India has allowed 100% repatriation for NRIs. RBI has granted general permission to select financial institutions providing housing finance, e.g. HDFC, LIC Housing Finance Ltd. etc. to give housing loans to non-resident Indian nationals for acquisition of houses/flats for self-occupation subject to certain conditions.
Yes. Long-term and short-term capital gains are taxable in the hands of non-residents.
If you are an NRI / OCI / PIO, you would have to file your income tax returns if you are eligible for either these conditions:
- Your taxable income in the country during the year was above the basic exemption limit of INR.1.6 lakh OR
- You have obtained short-term or long-term capital gains from the sale of any investments or assets, even if the benefits are less than the basic exemption limit.
Traditionally, one could file the tax return either by giving the POA to someone in India or by sending your documents along with form to a tax expert in India who would then file the return on your behalf. But nowadays, the most comfortable option for NRIs to file their Indian tax returns is by using the online platform. There are several options to file online.
GET IN TOUCH
OVERSEAS OFFICE - DUBAI (SALES AND MARKETING)
ADDRESS : Nyati Real Estate, 102, Burlington Tower, Opp. Oberoi Hotel, Business Bay, Dubai, UAE
CALL : Ashish Chugh: +971 52 5931940 | Landline : +971 4 4227652
MAIL : dubaisales@nyatigroup.com
