Purva Aerocity for NRI Investors | UAE, US, UK, Singapore

NRI Corner

Buying Purva Aerocity from abroad — a complete guide

Purva Aerocity is a genuinely NRI-friendly project — starting with its 10-minute drive from Kempegowda International Airport. For NRIs and OCI holders, we run a dedicated desk that handles everything from virtual site visits and digital documentation to home-loan sanction and Power of Attorney execution.

Whether you're in the UAE, Singapore, UK, US, Canada, or anywhere else — we make sure the buying experience is transparent, well-documented, and hassle-free.

Why NRIs choose North Bangalore.

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Airport in 10 Minutes

Every international travel plan is easier when the airport is a 10-minute cab ride away.

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Steady Appreciation

North Bangalore has consistently outperformed South and West Bangalore in 5-year price appreciation.

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Rental Demand

Aerospace SEZ, Infosys, and airport-related businesses ensure steady rental yields year-round.

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Fully Digital Buying

Virtual site visits, digital documentation, video walkthroughs, e-signature — buy without flying in.

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USD/AED/GBP Advantage

Foreign currency earnings mean real estate here is far more affordable than at home markets.

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NRI Home Loans

SBI, HDFC, ICICI, Axis all offer NRI home loans up to 80% LTV at competitive Indian rates.

NRI Buying Process

A simplified overview of the end-to-end NRI buying journey for Purva Aerocity:

Register EOI — Free, non-binding. Priority unit access, introductory pricing.
Virtual Tour — Video walkthrough of the project, master plan, sample floor plans.
Unit Shortlisting — We help you shortlist tower, floor, unit based on your goals (self-use vs rental).
Home Loan Pre-Approval — NRI-friendly loans from SBI, HDFC, ICICI etc. arranged digitally.
Power of Attorney (POA) — Execute at Indian consulate abroad or with a trusted person in India.
Booking & Registration — Booking amount via NRE/NRO/NRI account; agreement, sale deed handled digitally.
Milestone Payments — CLP or TLP through construction; we coordinate lender disbursements.
Possession & Handover — Site inspection (physical or by proxy), snagging, key handover, registration completion.
Post-Possession Support — Rental management, tenant sourcing, property management on request.

NRI Documentation Checklist

Personal Documents

Passport (with valid visa/OCI card)
Overseas address proof
Indian PAN card
Overseas employment / income proof
Recent salary slips (last 3-6 months)
Bank statements (last 6 months)
ITR (last 2 years, if filed in India)

Property Documents

NRE / NRO / FCNR account details for payment
Power of Attorney (if buying via representative)
Loan pre-approval letter (if using bank finance)
Aadhaar (optional but useful for registration)
Passport-size photos (multiple)

Our NRI desk provides the complete country-specific documentation checklist and assists with attestation, apostille, notarisation as required.

FAQ

Frequently Asked Questions

Answers to the questions we hear most often from Purva Aerocity buyers. Something not here? Just ask us.

Can NRIs buy property at Purva Aerocity?

Yes. NRIs and OCI (Overseas Citizen of India) card holders can purchase residential property in India freely under FEMA (Foreign Exchange Management Act) — no special RBI approval is needed. Purva Aerocity, being a residential project, is fully open to NRI investment.

Can I buy Purva Aerocity without visiting India?

Absolutely. We offer virtual site tours, HD video walkthroughs, digital documentation, e-signature, and remote registration through Power of Attorney (POA). Many of our NRI clients complete the entire purchase — from EOI to registration — without flying to India.

What is the home loan LTV for NRIs?

NRI home loans in India are typically available up to 80% Loan-to-Value (LTV) from major banks like SBI, HDFC, ICICI, Axis, and LIC HFC. Interest rates are similar to resident Indian rates. Repayment must be made from NRE/NRO/FCNR account or through direct inward remittance.

Do I need to be physically present for registration?

No, you can register through Power of Attorney (POA) executed at the Indian consulate/embassy in your country of residence and duly stamped in India. Our team coordinates the entire POA and registration process end-to-end.

What are the tax implications for NRIs buying property in India?

NRIs pay TDS at 1% (if property value > ₹50 lakh) at purchase. On sale, capital gains tax applies (short-term: as per slab; long-term after 2 years: 20% with indexation). Rental income is taxable in India. We connect you to specialist NRI CAs for tax planning. This is general information, not tax advice.

Can I repatriate the sale proceeds later?

Yes. Sale proceeds of residential property purchased with foreign currency remittance can be repatriated up to the original purchase amount (in USD equivalent) without limit. Above that, up to USD 1 million per financial year is repatriable, subject to tax clearance and CA certification.

Purva Aerocity · NRI Corner