NRI Enquiry
Now is the time to INVEST WITH BPTP.
Being a smart investor, you always seek the best time to make the best deals. The rupee has touched an all-time low, very recently, making investment in India a win-win situation for you. Make your opportunity even more fruitful, investing in to BPTP's varied range of unmatched residential and commercial spaces. Because, in this ever dynamic and competitive world, there's no better time to invest in Indian real estate than the present.
NRI Information
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
For payments from accounts outside India
Please Credit
FORMAT FOR SWIFT TRANSFER (For USD Funds)
The remitting bank should send the message via SWIFT as follows :-
Message to: Wells Fargo Bank NA., New York, USA
Swift code : PNBPUS3NNYC
To Pay/transfer: USD ……………………………..
To A/c no. 2000191007114 of The Ratnakar Bank Limited Mumbai maintained with the above Bank
For further credit to :
Value Date:…………………..
Message to: Wells Fargo Bank NA., New York, USA
Swift code : PNBPUS3NNYC
To Pay/transfer: USD ……………………………..
To A/c no. 2000191007114 of The Ratnakar Bank Limited Mumbai maintained with the above Bank
For further credit to :
| Ultimate Beneficiary Bank | : | The Ratnakar Bank Ltd. |
| Swift Code | : | RATNINBBXXX |
| Ultimate Beneficiary | : | BPTP LIMITED |
| A/C Number | : | 1234633 |
| Purpose | : | ( Purpose of Inward Remittance) |
Value Date:…………………..
FORMAT FOR SWIFT TRANSFER (For EURO Funds)
The remitting bank should send the message via SWIFT as follows:-
Message to: Standard Chartered Bank, Frankfurt
Swift code: SCBLDEFXXXX
IBAN- DE41512305000018301701
To Pay/transfer: EUR ……………………………..
To A/c no. 18301701 of The Ratnakar Bank Limited Mumbai maintained with the above Bank For further credit to:
For further credit to :
Value Date:…………………..
Message to: Standard Chartered Bank, Frankfurt
Swift code: SCBLDEFXXXX
IBAN- DE41512305000018301701
To Pay/transfer: EUR ……………………………..
To A/c no. 18301701 of The Ratnakar Bank Limited Mumbai maintained with the above Bank For further credit to:
For further credit to :
| Ultimate Beneficiary Bank | : | The Ratnakar Bank Ltd. |
| Swift Code | : | RATNINBBXXX |
| Ultimate Beneficiary | : | BPTP LIMITED |
| A/C Number | : | 1234633 |
| Purpose | : | ( Purpose of Inward Remittance) |
Value Date:…………………..
FORMAT FOR SWIFT TRANSFER (For EURO Funds)
The remitting bank should send the message via SWIFT as follows:-
Message to: Standard Chartered Bank , London, UK
Swift code: SCBLGB2L
IBAN-GB59 SCBL 6091 0412 6645 69
To Pay/transfer: GBP ……………………………..
To A/c no. 1266456901 of The Ratnakar Bank Limited Mumbai maintained with the above Bank
For further credit to :
Value Date:…………………..
For payments from accounts within India (Including NRI accounts) using RTGS/NEFT
IFSC Code: RATN0000141
Bank Name: The Ratnakar Bank Ltd / RBL Bank
Branch Name: GF, M-6, HAUZ KHAS, NEW DELHI
Branch Address: Delhi
Account Number: BPTP Limited A/c NO 1234633
Account Type: Current A/c
Message to: Standard Chartered Bank , London, UK
Swift code: SCBLGB2L
IBAN-GB59 SCBL 6091 0412 6645 69
To Pay/transfer: GBP ……………………………..
To A/c no. 1266456901 of The Ratnakar Bank Limited Mumbai maintained with the above Bank
For further credit to :
| Ultimate Beneficiary Bank | : | The Ratnakar Bank Ltd. |
| Swift Code | : | RATNINBBXXX |
| Ultimate Beneficiary | : | BPTP LIMITED |
| A/C Number | : | 1234633 |
| Purpose | : | ( Purpose of Inward Remittance) |
Value Date:…………………..
For payments from accounts within India (Including NRI accounts) using RTGS/NEFT
IFSC Code: RATN0000141
Bank Name: The Ratnakar Bank Ltd / RBL Bank
Branch Name: GF, M-6, HAUZ KHAS, NEW DELHI
Branch Address: Delhi
Account Number: BPTP Limited A/c NO 1234633
Account Type: Current A/c
NRI FAQs
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
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 |
