BPTP is committed to providing safe investment opportunities for the NRI community and ensuring they stay connected to the homeland.

Leveraging the Boom in Real Estate

The Indian real estate sector has witnessed a revolution, driven by the booming economy, favourable demographics and liberalised foreign direct investment (FDI) regime. It has emerged as one of the most appealing investment areas for domestic as well as foreign investors. As incomes grow, and retail makes inroads, shopping malls and multiplexes, luxury and budget hotels, resorts and serviced apartments, residential townships and condominiums, IT Parks and Special Economic Zones are not the exclusive preserve of Tier I cities like Delhi, Mumbai, Bangalore, Hyderabad and Chennai anymore.

Inviting Global Attention

As the Indian Government allowed the foreign direct investment in real estate, host of investors have shown confidence in the enormous potential of the real estate market in India. The global real-estate consulting group Knight Frank has ranked India 5th in the list of 30 emerging retail markets and predicted an impressive 20 per cent growth rate for the organized retail segment by 2010. Supported by infrastructure development, contemporary architecture and state-of-the art facilities in aesthetically designed environs, India's real estate has much to offer to the NRIs.

NRI Investment in Real Estate

All persons residing outside India holding Indian passports and also people of Indian origin have been granted permission by the Reserve Bank of India (RBI) to invest in both residential and commercial properties in India. To an NRI, a base in the homeland also brings with it a sense of security. The number of NRIs who are investing in property for sentimental reasons and for better investment returns is quickly multiplying. The NRI investor can raise finances from financial institutions to purchase a property. Banks and other financial institutions in India are facilitating the NRI investment in property quickly and efficiently. Future Ahead With the economy surging ahead, the demand for all segments of the real estate sector is likely to continue to grow. The Indian real estate industry is likely to grow from US$ 12 billion in 2005 to US$ 90 billion in by 2015. Given the boom in residential housing, IT, ITeS, organised retail and hospitality industries, this industry is likely to see increased investment activity. Foreign direct investment alone might see a close to six-fold jump to US$ 30 billion over the next 10 years. And that makes India a haven for NRI investments (source: indiaground.com).

Investing in BPTP

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Procedure For Applying Online for NRIs

In order to facilitate easy bookings of properties residential or commercial for NRIs, BPTP has uploaded the PDF format of application forms for each project so that one could easily apply online. The information asked is easy to understand and requires to be filled in by the applicants. Along with the application, one needs to provide his/her photograph, Address Proof, copy of Passport and PAN card. In case your income is not taxable in India, a plain declaration through a mail could be sent to the marketing representative of the organization with whom the applicant is in touch with, stating that his/her income is not taxable in India. Once all these requisites are completed, the same could be sent online and the Booking Amount, which is normally 10% of the BSP, could be remitted online in the company?s account. The details of company?s bank account would be furnished by the market representative online itself. After remitting the stated amount, the receipt of the remittance needs to be sent to the same market representative for records and easy transaction. Once the money is remitted and deposited in account, the company issues the official receipt and the application for booking the property is logged in. After we login the application for booking, all the necessary information about allotment, signing of agreements, construction updates, demand letters, receipts etc. are sent regularly at the email address mentioned in the application form, which is mandatory for every applicant in BPTP. General Guidelines for NRIs and PIOs for Purchasing Property in India

General Guidelines for NRIs and PIOs for Purchasing Property in India