Expert Advise

Expert Advise

Abdul Bari

Abdul Bari is one of the undisputed authorities of India's real estate sector. A seasoned professional, Abdul started out on his journey in realty 26 years ago as Senior Sales Manager at Ansal Properties and Industries Pvt. Ltd. and passed through the higher Management positions in companies like "OMAXE", "UPPAL'S", "SARE", & his last assignment of job as President - Marketing and Sales, with Orris Infrastructure Pvt. Ltd.

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Previously Asked Questions

What are the types of Property can a NRI/PIO purchase in India? -- Danish Khan , New Delhi

TRP Expert Says There are no restrictions on the numbers of Residential/Commercial Properties (other than agricultural land/farm house/plantation) that can be purchased.

Are any documents required to be filed with the Reserve Bank after the purchase? -- Umesh Gaud , New Delhi

TRP Expert Says An NRI / PIO who has purchased residential / commercial property under general permission, is not required to file any documents/reports with the Reserve Bank.

Can a foreign national of non-Indian origin resident outside India purchase immovable property in India? -- Sandeep Kumar , Gurgaon

TRP Expert Says No . A foreign national of non-Indian origin, resident outside India cannot purchase any immovable property in India unless such property is acquired by way of inheritance from a person who was resident in India. However, he / she can acquire or transfer immovable property in India, on lease, not exceeding five years. In such cases, there is no requirement of taking any permission of /or reporting to the Reserve Bank.

Do foreign citizens of Indian origin require permission of Reserve Bank to purchase immovable property in India for their residential use? -- Kamesh Jain , Noida

TRP Expert Says However, Reserve Bank has granted general permission to foreign citizens of Indian origin whether resident in India or abroad, to purchase immovable property in India for their bona fide residential purpose. They are therefore, not required to obtain separate permission of Reserve Bank.

Circle rate of noida sector 18 ? -- Deepak , Aligarh

TRP Expert Says Sector 18 is a declared commercial sector hence the circle rates also vary. In order to derive the exact rate, the formula is as follows: The Circle rate - INR 12000 per square metres x 300 ( for commercial property) = INR 3,60,000 per square metres.

Is lotus green developers coming up with new residential in yamuna expressway ? -- Ashish rao,(U.P)

TRP Expert Says Currently, we do not have any information about Lotus Green coming up on the Yamuna Expressway. We are in the process of obtaining details from the builder and will share them with you as soon as we have them.

Any project in resale at BSP of 4000/- in Noida sector ? -- Radhika Sharma, Indrapuram- Delhi-NCR

TRP Expert Says There are plenty of options available for resale in Noida and Noida Extension. There are many options for fresh sales too. We request you to please send in some specific details like location, budget, desired square area etc for us to be able to address your query appropriately.

Noida authority to allot 866 unused flats, i need to know details about this ? -- Rakesh Kumar, Noida sec. 93

TRP Expert Says The Noida Authority had made an announcement regarding the 866 unused Flats Scheme but the same is yet to be passed at their Board meeting. This is expected to happen very shortly and we will update you as soon as the announcements are made by the Noida Authority. These flats will be allotted among different sectors of Noida. Please watch this space for further details.

Can You tell me the when will the forms come for government flats ? -- Dinesh Chand

TRP Expert Says We have uploaded the link on our website and we are forwarding the link of the same for your convenience.

EWS Scheme ? -- Harmeet singh, Noida

TRP Expert Says For the EWS scheme you have to wait for the Noida Authority’s announcement in this regard. However, if you are looking for a 1 BHK unit, there are a variety of schemes and offers floated by private developers in Noida Extension, which will enable you to pick up the unit of your choice at a very reasonable price.