In a significant recognition of its dedicated service and market leadership, Epique Real Ventures, one of Punjab’s most trusted real estate advisory firms, has been honoured with the Award for Excellence in NRI Real Estate Investment. The prestigious accolade was presented at a distinguished event attended by the Hon’ble Chief Minister of Haryana, Mr. Nayab Singh Saini, highlighting the growing importance of non-resident Indian (NRI) investment in the region.
The award was proudly received by Mr. Hiimaanshu Pant, Managing Director, and Mr. Sunny Bagga, Vice President – Sales Operations (Punjab). This honour serves as a testament to the firm’s unwavering commitment to providing seamless and transparent investment solutions to the global Indian diaspora, further solidifying its leadership position in North India’s key real estate corridors.
A Recognition of Excellence in a Booming Market
The award for “Excellence in NRI Real Estate Investment” is not just a milestone for Epique Real Ventures but also a reflection of the burgeoning confidence NRIs have in India’s property market, particularly in states like Punjab. The Indian real estate market has seen a phenomenal surge in interest from NRIs, who are increasingly looking to invest in their homeland for both financial returns and emotional connection. According to recent industry reports, NRI real estate investments were projected to reach $13.1 billion and are consistently growing, driven by favourable government policies and a resilient economy.
Epique Real Ventures has strategically positioned itself at the forefront of this wave, offering tailored advisory services that demystify the investment process for overseas clients. Their expertise spans legal compliance, property management, and identifying high-growth opportunities, ensuring a secure and profitable experience for their clients.
Why NRIs Are Flocking to North India’s Real Estate
The allure of North India, especially the Punjab region, for NRI investors is multifaceted. It’s a blend of high-potential returns, rapid infrastructural development, and deep-rooted cultural ties. Here’s a closer look at the key drivers:
- Strong Economic Fundamentals: India continues to be one of the fastest-growing major economies. This economic stability, as noted by institutions like the World Bank, provides a secure backdrop for long-term real estate investments.
- High ROI and Rental Yields: Tier-II cities like Chandigarh, Mohali, and Ludhiana are offering impressive property value appreciation and attractive rental yields, often outperforming saturated metro markets. The development of commercial hubs and IT parks has fueled housing demand.
- Infrastructural Boom: The government’s focus on enhancing connectivity through new highways, expressways, and modern airports in the region has significantly boosted the value proposition of real estate here. Projects like the Aerocity in Mohali have become prime investment hotspots.
- Emotional Connection: For a vast number of NRIs, particularly the Punjabi diaspora, owning a property in their ancestral land is a matter of pride and a way to stay connected to their roots.
Epique Real Ventures: Guiding NRI Investors Home
Navigating the complexities of the Indian real estate market from abroad can be daunting. This is where Epique Real Ventures creates immense value. The firm’s success, culminating in this recent award, is built on a foundation of trust, transparency, and a client-centric approach.
The leadership at Epique Real Ventures, steered by Mr. Hiimaanshu Pant and Mr. Sunny Bagga, emphasizes building long-term relationships with clients. Their team provides end-to-end solutions, from initial property discovery and due diligence to handling all legal and financial paperwork, making the entire journey hassle-free. This comprehensive support system is crucial for NRIs who need a reliable partner on the ground.
Navigating the Legal Landscape for NRI Investment
A common concern for NRI investors is understanding the regulatory framework. Thankfully, Indian laws are quite accommodating. As per the guidelines by the Reserve Bank of India (RBI) under the Foreign Exchange Management Act (FEMA), NRIs can freely purchase any number of residential or commercial properties. However, they are generally not permitted to buy agricultural land, plantations, or farmhouses.
Working with an experienced advisory firm like Epique ensures that all transactions are fully compliant with these regulations. For detailed information, investors can refer to the official RBI guidelines on property acquisition by NRIs. This expertise helps prevent potential legal hurdles and ensures peace of mind.
The Future is Bright for NRI Investment
The recognition of Epique Real Ventures with this award is a clear indicator of the professionalization and growth of the real estate advisory sector in India. As the Indian economy continues to thrive, the influx of NRI investment is set to grow even stronger. Firms that prioritize transparency, customer education, and robust after-sales support will lead the way.
Epique Real Ventures’ achievement not only celebrates their past successes but also sets a higher benchmark for the industry, promising a more secure and prosperous future for NRIs looking to invest back home in the vibrant real estate markets of Punjab and beyond.
Frequently Asked Questions (FAQs)
1. What makes Punjab a good choice for NRI real estate investors?
Punjab offers a unique combination of rapid urbanization, infrastructural growth (like new highways and IT hubs), and strong emotional resonance for the global Punjabi diaspora. Cities like Mohali and Chandigarh provide high-quality lifestyles and significant potential for property value appreciation, making it a financially and personally rewarding investment.
2. Can NRIs get home loans in India to buy property?
Yes, NRIs are eligible for home loans from Indian banks and financial institutions to purchase residential property. The loans are typically disbursed in Indian Rupees and must be repaid through specific channels like NRE/NRO accounts or foreign remittances, as per RBI guidelines.
3. What are the key tax implications for NRIs on rental income from property in India?
Rental income earned from a property in India is taxable in India. The NRI landlord must pay tax on this income after deducting applicable expenses like property tax and a standard deduction of 30%. The tenant is also required to deduct TDS (Tax Deducted at Source) at 31.2% before paying the rent to the NRI.
4. What types of properties are most popular among NRI buyers in North India?
Gated community apartments, luxury villas, and residential plots in well-planned townships are the most popular choices. These properties offer modern amenities, security, and a community living experience, which are highly valued by NRIs. Proximity to commercial centers, airports, and social infrastructure is also a key factor.
5. How does a firm like Epique Real Ventures assist NRI clients?
A specialized firm like Epique Real Ventures acts as a one-stop solution for NRIs. Their services include identifying and verifying properties, conducting legal due diligence, negotiating prices, assisting with documentation and home loans, and providing property management services post-purchase. This ensures a secure and seamless investment journey from start to finish.
