At BPTP, we pride ourselves on providing the NRI community a variety of safe investment opportunities in real estate. It is our aim to offer a variety of excellent investment options to the global Indian diaspora and be a partner of choice for NRIs looking to acquire property back home.

Listed below are general guidelines to assist NRIs and PIOs who are looking to invest in real estate in India. For more specific queries please feel free to contact us via e-mail on customercare@bptp.com or call us on +91-124-385-2787 or +91-124-261-2787.

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

Types	Residential Purpose	Commercial Purpose	Funds for Investment in Property	Letting out of Property	Proceeds Repatriable/Non Repatriable
Non Resident Indian	No RBI Approval required	No RBI Approval required	a) Direct remittance NRO/NRE A/C b) Loans against NRE/FCNR Deposits for Residential House only b) Loans against NRE/FCNR Deposits for Residential House only	No RBI approval required	Repatriation of Sale Proceeds equivalent to the Original Investment is permitted for a maximum of two houses as well as Commercial Property after 3 years of acquisition (i.e. possession) or payment of last installment, whichever is later, provided the investment is out of direct remittance or NRE/FCNR account. Form IPI - 8 is to be submitted to RBI within 90 days of sale of the property.
Foreign citizen of Indian origin	No prior RBI approval, only intimation to RBI in Form IPI - 7 within 90 days of purchase (Press Release dated 8/1/1992).	No RBI approval required. Intimation to RBI in Form IPI - 7 within 90 days of purchase (08/06/93 Circular).	a) Out of NRE/FCNR A/C or Foreign remittance b) Loans against NRE/ FCNR Deposits for Residential House only c) With prior approval of RBI from NRO Account	No RBI approval required	Repatriation of Sale Proceeds equivalent to the Original Investment is permitted for a maximum of two houses as well as Commercial Property after 3 years of acquisition (i.e. possession) or payment of last installment, whichever is later, provided the investment is out of direct remittance or NRE/FCNR account. Form IPI - 8 is to be submitted to RBI within 90 days of sale of the property.
Non Citizens of Foreign Origin i.e. Foreigners	RBI approval required (Circular dated 23/3/1992)	RBI approval required	Direct remittance	RBI approval required (Circular dated 23/3/1992)	Non Repatriable
OCB
a) Controlled by NRI 60% b) Others	a) RBI approval required b) RBI approval required	a) RBI approval required b) RBI approval required	a) Direct remittance b) Direct remittance	a) No RBI approval required b) No RBI approval required	a) Non Repatriable b) Non Repatriable
FERA Companies	No RBI approval required (FERA 104/92-RB Dated 29/1/92)	No RBI approval required	Direct remittance	No RBI approval (Circular Dated 23/3/1992)	Non Repatriable