BP Homes Pvt. Ltd. has a large number of NRI clients. We have extensive and huge experience in dealing with the NRI's for all type of property transactions. We have a large number of trained and experienced professionals who have extensive knowledge and experience of dealing with all the issues and problems that an NRI faces while doing a property tracsaction in India.

Our NRI division provides the complete gamut of proerty-related services to our NRI clients. With us, you have only to decide to buy/sell property and leave everything to us. Our expert team will assist you and stand beside you at every step of the transaction right from planning to buy/sell property till the final stage so as to make the whole property transaction a child's play for you.

Who is an NRI?

An Indian Citizen who stays abroad for employment/ carrying on business or vacation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident. (persons posted in U.N. organisations and officials deputed abroad by Central/ State Government and Public Sector Undertakings on temporary assignments are also treated as non-resident) Non-resident foreign citizens of Indian Origin are treated on par with non-resident indian citizens.

NRI's holding Indian passport do not require prior permission of Reserve Bank of India to buy residential or commercial immovable property in India.The purchase consideration may be paid either by remittance of funds from abroad through normal banking channels or out of NRE / FCNR / NRO account.

Current Scenario of Real Estate in India

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.

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.

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 NRIinvestor can raise finances from financial institutions to purchase an apartment. Banks and other financial institutions in India are facilitating the NRI investment in property speedily 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