Invest in India
India’s real estate sector continues to be one of the most rewarding investment avenues for NRIs, offering strong growth potential and long-term value. At VR Foundations, we make investing in India seamless and secure through transparent processes, trusted partnerships, and premium developments across Chennai’s most promising locations. Whether you’re looking for a dream home, a profitable asset, or a future-ready investment, VR Foundations ensures your journey back home is both rewarding and reassuring.
Projects Suitable for NRIs
VR Foundations offers a curated selection of premium residential and plotted developments ideal for NRI investors. Each project is strategically located in high-growth corridors of Chennai, ensuring strong appreciation potential, excellent connectivity, and modern infrastructure. From luxury apartments to villa plots, our projects combine contemporary design, superior quality, and trusted delivery—making them perfect for those seeking a secure and rewarding investment in India.
Special Schemes for NRIs
At VR Foundations, we understand that NRIs have unique investment needs. To make property ownership in India seamless, we offer flexible payment plans, price lock-ins, and priority allotment of premium units. Our dedicated support team assists with all formalities, including Power of Attorney, FEMA compliance, and registration, ensuring a smooth and hassle-free experience from anywhere in the world.
In addition, NRIs can benefit from exclusive discounts, value-added offers, and property management services. Whether it’s helping manage your property, leasing it, or handling maintenance, we provide complete support so your investment remains secure and rewarding, even while you are overseas.
Bank Schemes
VR Foundations collaborates with leading banks to provide NRI-friendly home loan options tailored to your needs. With competitive interest rates, flexible repayment tenures, and easy documentation, our bank tie-ups make financing your dream property simple and convenient.
Our team guides you through every step of the process, from loan application to disbursement, ensuring compliance with all regulatory requirements. This personalized support helps NRIs invest in India confidently, with a hassle-free and transparent banking experience.
Faq
As per the Foreign Exchange Management Act (FEMA), an NRI is:
- An Indian citizen residing outside India for employment, business, or other purposes indicating an indefinite stay abroad.
- A Person of Indian Origin (PIO) or Overseas Citizen of India (OCI) cardholder.
- NRIs, PIOs, and OCIs can purchase residential or commercial plots in India without prior RBI approval.
- Agricultural land, plantation property, or farmhouses cannot be purchased directly without specific RBI permission.
To proceed with a purchase, you will need:
- Valid Passport (Indian/OCI/PIO card)
- Overseas Address Proof (utility bill, driving license, etc.)
- PAN Card (mandatory for property transactions)
- Recent Passport Size Photographs
- Power of Attorney (PoA) – If you cannot be physically present in India, a PoA (on Indian stamp paper and notarized/attested by Indian Embassy) can authorize a representative to act on your behalf.
- Payments must be made in Indian Rupees through NRE/NRO bank accounts in India.
- Accepted payment modes:
- Bank transfer from NRE/NRO account
- Demand Draft/Pay Order
- Cash transactions are not permitted.
Before selling, VR Foundations ensures:
- Clear Title & Ownership of the land
- RERA Registration (if applicable)
- DTCP/CMDA Approval for plotted layouts
- Encumbrance Certificate (EC) verification
- If the property is purchased using funds from an NRE account, proceeds from sale can be repatriated (within limits prescribed by RBI).
- If purchased from an NRO account, repatriation is allowed up to USD 1 million per financial year after payment of applicable taxes.
- TDS (Tax Deducted at Source) applies on sale of property in India.
- You may also be liable for Capital Gains Tax based on holding period.
- NRIs can claim tax benefits under Section 80C for home loan principal repayment (if applicable).
- Choose Your Plot – Select from our approved layouts in prime Chennai locations.
- Document Verification – Our legal team provides title and approval documents for review.
- Agreement Signing – Sales Agreement prepared and signed (physically or via PoA).
- Payment – Transfer amount via NRE/NRO account.
- Registration – Plot registered in your name at the Sub-Registrar Office.
- Handover & Layout Possession – We provide plot possession along with layout copies and EC.
- Clear & Transparent Transactions – Zero hidden charges.
- Prime Locations – Close to Chennai’s growth corridors.
- Complete Legal Support – From booking to registration.
- High Appreciation Potential – Chennai’s plotted developments offer excellent ROI.
