Singhania Buildcon | Building Lifestyle Since 1993 Singhania Buildcon
Phone: 0771-2262421, 2262621
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NRI Column
WELCOME ALL NRI's

Our corporate Philosophy and guiding Principles are that the blueprints of buildings should not be made in isolation but in harmony with the needs, dreams and aspirations of those who will inhabit them. We believe that professionally managed technology, driven with right ideas, innovations and actions always bring in the desired growth. Accordingly, we are roaring to capture diverse frontiers and imprint achievements into our success saga.

We at Singhania Buildcon Pvt. Ltd. care much beyond anticipation for NRIs who are part of our family. More than 1000 NRIs are associated with us who have booked in their properties in various projects of ours. NRIs who invests in their hard earned money and cannot verify things personally, have been facilitated with different online mechanisms by which they can easily access the desired status of what is happening where ? We believe in absolute transparency while updating and providing appropriate, honest and correct information about everything related to projects whether it is construction updates, demand letters, receipts or agreements. Our construction updates could be viewed periodically online every month. We believe in responding even the minutest concern of any client who is sitting miles away. That’s how we are able to carry forward the trust of all those who have believed in us and are our loyal customers. Most of our NRI clients have invested their money in more than one project and we are sure that they will continue the repetition again with us.

In order to facilitate easy bookings of properties residential or commercial for NRIs, the company has uploaded the PDF format of application forms for each project so that one could easily apply online. The information asked are 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. Incase your income is not taxable in India, a plain declaration through a mail could be sent to the marketing representative with whom the applicant is in touch with in the organization, saying 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 said amount, the receipt of the remittance is required to be sent to the same market representative for records and easy transaction. Once the money gets remitted and deposited in our account, the official receipt is being issued by the company 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 Singhania Buildcon Pvt. Ltd.

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
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 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 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) 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