Pioneer Urban Land and Infrastructure Ltd
 
 
  • Pioneer Urban Land and Infrastructure Ltd
  • Pioneer Urban Land and Infrastructure Ltd
  • Pioneer Urban Land and Infrastructure Ltd
  • Pioneer Urban Land and Infrastructure Ltd
  • Pioneer Urban Land and Infrastructure Ltd
  • Pioneer Urban Land and Infrastructure Ltd
  • Pioneer Urban Land and Infrastructure Ltd
  • Pioneer Urban Land and Infrastructure Ltd
  • Pioneer Urban Land and Infrastructure Ltd
 
Pioneer Urban Land and Infrastructure Ltd
Customer relations  >  nri & general faqs
nri & general faqs

General Queries

Why invest with us?

Real estate in India has a huge market potential. India is one of the largest economies in the world and has the third largest GDP in the entire continent of Asia. The expected size of organized Indian real estate sector by 2010 is USD 45-50 billion with a potential to touch USD 90 billion in 10 years. Pioneer Urban Land and Infrastructure Ltd. has been growing with the industry for the last two decades having carved a niche for itself through the path breaking projects in the country. So, here's why you should invest and prosper with us:

  • We have a leading edge of twenty years of experience in developing premium estates in NCR like Greenwood City, Vista Villas, Nirvana Country, Southcity II to name a few.
  • Transparency and customer orientation are the foundations that guide Pioneer Urban. So you can sit back and relax while investing with us as we take every step to ensure the safety of your investment through our impeccable quality of construction, customer satisfaction and delivery.
  • Our major land bank is in Gurgaon, one of the fastest growing commercial hubs of India. Global connectivity and proximity to the international airport has further spurred more MNC's setting base in Gurgaon. Some of the big names already stationed here include Coca Cola, Pepsi, Sony, Honda, Maruti, IBM, American Express, Frito-Lays and lots more. So, you can expect your property to grow faster in Gurgaon to fetch you better returns.
  • We promote the Green buildings practice that increases the efficiency with which buildings use resources - energy, water, and materials - while reducing building impacts on human health and the environment, through better design, construction, operation and maintenance.
  • We fulfill all your investment needs as we cater to a wide spectrum of projects. You can associates with us in the following types of projects:
    • Residential (Housing)
    • Commercial (Office space)
    • Retail (Shopping)
    • Hospitality (Hotels)

Who is a Non-Resident Indian (NRI)?

An Indian Citizen who stays abroad for employment/carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident. (Person Posted in U.N organizations and official deputed abroad by Central/State Governments and Public Sector undertakings on temporary assignments are also treated as non-temporary assignments are also treated as non-residents).

Who is a PIO?

A citizen of another country is a PIO - person of Indian origin, if he has held an Indian passport at any time or if he, his father or his grandfather has been a citizen of India. A citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal or Bhutan is not regarded as a PIO.

What I need to know to invest in real estate as NRI in India?

Following rules are required to be known by you to invest in real estate in India:

Exchange Control Regulations affecting the acquisition of residential property in India Consequent to the liberalisation in Exchange Control policy and procedures, certain relaxations in the existing regulations and procedures governing the acquisition, holdings, etc. of immovable property in India, have been announced. Immovable property may be a residential house, a residential flat or a plot of residential house.

The current position therefore is as under:

Non-resident Indian holding Indians passport do not require any permission from RBI for acquiring Immovable Property for bona fide residential purposes, as section 31 of FERA 1973 is not applicable to them.

Non-resident Indians holding Indian passport may pay the purchase consideration either by remittance of funds from abroad through normal banking channels or out of NRO Account or out of NRE Account or out of FCNR Account.

As per the recent relaxation RBI has granted General Permission to Non-resident Indians holding Foreign Passport (i.e. Foreign Citizens of Indian Origin) to acquire, hold, transfer or dispose off by way of sale or inheritance immovable properties situated in India provided;

The property is for the purchasers bona fide residential purpose.

the purchase consideration is met either by remittance of funds from abroad through normal banking channels or out of NRE/FCNR Account or out of FCNR Special Account. Income accruing by way of rent from the properties purchased or acquired by inheritance will have to be credited to the non-resident ordinary (NRO) account even if the purchase consideration was met out of NRE / FCNR Account.

Foreign citizens of Indian origin are however required to declare the properties to RBI within a period of 90 days from the date of purchase in Form IPI 7.

The following documents must be submitted along with the declaration.

A certified copy of the purchase deed or a certificate from the Co-operative Housing Society or an Association of the apartment owners as an evidence of transfer / registration of the property in the declarant's name.

Certificate from the declarant's bankers in India evidencing receipt of inward remittance(s) in foreign exchange through normal banking channel or withdrawal of funds from the declarant's NRE / FCNR account / FCNR Special Deposit Account and payment of consideration for the property out of those funds.

Where a Foreign Citizen of Indian origin wishes to acquire a property out of funds held in NRO Account then the aforesaid general permission does not hold and a prior permission from RBI will be required which can be applied for in Form IPI.1.

Where a Foreign Citizens of Indian origin wishes to acquire a property from the sale proceeds of another property prior permission of RBI is essential and may be obtained by applying in Form IPI I.

Any number of properties can be acquired by a non-resident Indian regardless of whether they are holding Indian passport provided they are required for bona fide residential purposes.

I am a NRI, what are the payment options while purchasing property in India?

Non-resident Indians holding Indian passport may pay the purchase consideration either by remittance of funds from abroad through normal banking channels or out of NRO Account or out of NRE Account or out of FCNR Account.

Tax Queries

Will a NRI have to pay tax if acquiring property in India?

The mere acquisition of property does not attract income tax. However, any income accruing from the ownership of it, in the form of rent/annual value of the house (if it is not self occupied and it is the only residential property owned by that person in India) and/or capital gains (short term or long term) arising on the sale of this house or part thereof is taxable in the hands of the owner. A NRI will also have to pay capital gains tax when selling the property.

I am an NRI. I want to buy a flat in India in my mother's name. Does my mom have to pay tax on it or are there other complications? My mom has no other source of income.

Under Section 31 (1) of FERA 1973, General Permission has been granted to persons of Indian origin whether holding Indian passports or foreign passports to acquire, transfer or dispose off residential properties (restricted to two houses) situated in India by way of gift from or to a relative who may be an Indian citizen or a person of Indian origin, whether resident in India or not.

For enabling you to buy the house in your mother's name you must transfer the money through normal banking channels in her account in India and she should buy the flat in her name from the money remitted by you. As the money remitted by you will be considered a gift to your mother, there will be no tax payable by her.

Loan/Bank Queries

Can NRIs avail of Home loans, and also if it is a joint property with resident Indian?

Yes, NRIS can avail home loans. They can avail loan for buying or constructing a new home, extending or improving an existing home or even to buy a plot.

Are foreign citizens of Indian origin, holding PIO cards, and eligible for availing housing loans from banks/institutions for purchasing residential property in India?

Yes, the bankers in India are permitted by RBI to grant loans to PIOs for acquisition of residential property in India, subject to certain conditions. You may contact your bankers for the terms and conditions subject to which such loans would be granted to you.

What are the common documents to be submitted along with the application?

The following documents are required along with the application form:

Photocopy of the labour contract duly countersigned by your employer (translated to English for non-English documents).

Latest salary certificate (in English) specifying the following:

Name (as it appears in the passport). Date of joining. Passport Number. Designation. Perquisites and salary. Photocopy of labour card/identity card. Photocopy of valid resident visa stamped on the passport. Photocopy of monthly statement of local bank account. Property related documents

Repatriations

If an NRI buys a residential property in India and rents it out, is the resulting rental income repatriable. Also, are the capital gains resulting from the sale of a residential property in India repatriable?

The rental income, being current account transaction, is repatriable. Repatriation of sale proceeds is subject to certain conditions. The amount of repatriation cannot exceed the amount paid for acquisition of the immovable property in foreign exchange.

Are the entire proceeds of real estate income (including profits from capital gains) repatriable? Is rental income repatriable? What type of account should be used to transfer money for real estate purchase?

The repatriation of Sale proceeds shall not exceed the foreign exchange brought into acquire the property. Yes, rental income is repatriable, subject to taxes. You may purchase the real estate by remitting the money in foreign exchange through normal banking channels. Alternatively, you may open foreign currency account with bankers.

Is there any time limit of holding of property for the purpose of repatriations?

No, there is no time limit for holding the property. Such time limits earlier existing have been removed.

Pioneer Park Ph-I Residencies FAQs

What is the location of the project?

The site being offered falls in sector 61 overlooking the sector Road & facing a green belt between the sector road & the towers.

What is the total land area for the Pioneer Park Ph-I project?

24.6 Acre out of a total of 76 Acres .

How many towers in total?

2 - G+32
2 - G+27
3 - G+22
9 - G+7
Total =16 Towers

What is the total no. of apartments?

Total number of apartments is 880

How many apartments on each floor?

4 apartments on each floor & some towers have 2 apartments.

What is the accommodation type?

It includes 2, 3 & 4 Bedroom types.

What is the area of the apartments?

Below Mentioned are the areas of units launched as on date: -
2 Br. - 1200 sq ft
2 Br. + Servants rooms - 1300 sq.ft
3 Br+2 T - 1580 sq ft
3 Br+3T- 1700 sq ft
3 Br+3T+servants - 1950 sq.ft

Is car park in the basement or surface car park?

Basement car park for residents & Surface car park for Visitors

Will it be a gated community?

Yes. It will be a premium secured gated society.

What type of security would be provided at the gates?

We would provide Perimeter Security with Security at the entrance.

Is there only one pool for all?

There is a dedicated club + pool for sector 61 & an additional club with gym, pool etc for the rest of the complex.

Will there be 100% power back up?

Yes

What are the features/facilities being provided in the GRP Housing complex?

All modern amenities, including Gym / Spa/ Club Play areas Nursery and Primary Schools

What is the total land area of the proposed Group Housing? What is the extended coverage for flats, car parking, common areas and utility areas Green area play area shopping areas etc respectively?

24 Acres is the Total Land Area - with 65 percent open spaces

Seismic zone compliance?

The project has Zone 5 in High Rise Towers and Zone 4 for Low Rise Buildings.

What brand of elevators would be used?

Brand of elevators would be from the following makers Mitsubishi/Schindler/Otis/Kones

What is the ratio is of Green area to the Built up area?

65% green 35% built up for Residential and 60% Green 40% Built-up for commercial

Would there be individual split units for each room or one large condensing unit for all rooms?

VRV Units are proposed with an arrangement of Single Outdoor Compressor Unit and Indoor FCU's for rooms. This would be applicable for buildings that are proposed to be air-conditioned.

Which banks are financing the project?

HDFC, Deutsche Post Bank, Axis Bank, PNB housing Finance, SBI, IDBI, and UBI.

Presidia FAQs

What is the location of the project?

The site being offered falls in sec 62 overlooking the sector Rd. & facing a green belt between the sector Rd. & the Towers.

What is the total land area for the project?

76 Acres

How many towers in total?

2 - G+27
1 - G+24
2 - G+ 21
Total = 5Towers

What are the total no. of apartments?

Total number of apartments is 228

How many apartments on each floor?

2 apartments on each floor.

What is the accommodation type?

It includes 3 , 4 & 5 Bedroom types.

What is the area of the apartments?

Below Mentioned are the areas of units launched as on date: -
3 BR + SQ - 2279 sq ft
3 BR + SQ Garden - 2455 sq ft
3 BR + Study + SQ - 2420 sq ft
3 BR + Study + SQ Garden- 2595 sq ft
4 BR + SQ - 2821 sq ft
4 BR + SQ Garden - 3104 sq ft
4 BR + Fam + SQ - 3677 sq ft
4 BR + Fam + SQ Garden - 4063 sq ft
5 BR + Fam + SQ - 4111 sq ft
5 BR + Fam + SQ Garden - 4530 sq ft

Is there only one pool for all?

There is a dedicated club + pool for sec 62 & an additional club with gym, pool etc for the rest of the complex.

Will it be maintained by the company or RWA?

The club will be run by an outsourced facility management & are already under contract to maintain the Patio club, Nirvana club etc.

Which banks are financing the project?

HDFC, Indiabulls, Deutsche Bank, SBI, Axis Bank and PNB

Is there any club membership charge. If yes what are the charges?

Yes. The Charges are Rs 75,000/-

What are the features/facilities being provided in the GRP Housing complex?

All modern amenities, including Gym / Spa/ Club Play areas Nursery and Primary Schools

What is the total land area of the proposed Group Housing? What is the extended of coverage for flats, car parking, common areas and utility areas Green area play area shopping areas etc respectively?

24 Acres Total Land Area Out of which 6 Acres is dedicated to Presidia- with 65 percent open spaces

What is the ratio is of Green area to the Built up area?

65% green 35% built up for Residential and 60% Green 40% Built-up for commercial

What is the size of the Club and the swimming pool?

Clubhouse area - 50,000sqft of area
Swimming Pool -25 m x 12.5 m pool with an added kiddies pool.

Will Sprinkler / fire detection system be provided in the apartment?

Yes.

Urban Square FAQs

Where is Urban Square located?

It's located on the Golf course extension road in sector 62, Gurgaon.

What does Urban Square comprise of?

It comprises of Retail on the ground floors and office suites on other floors.

When was Urban Square launched?

It was launched in September, 2009.

What's the total acreage?

Urban Square is constructed in 4.4 Acres

How many towers are there in Urban Square?

There are 4 Towers, named Tower A, Tower B, Tower C &Tower D

How many units are there in each tower?

Tower A-115 units
Tower B-78 units
Tower C-82 units
Tower D-85 units

Whats the total saleable area in each tower?

Tower A-139400 sq.ft
Tower B-107300 sq.ft
Tower C-107785 sq.ft
Tower D-101015 sq.ft

How many floors are there in each tower?

Tower A-G+9
Tower B-G+7
Tower C-G+7
Tower D-G+8

Is there ample parking for property owners and visitors?

Yes, each unit has been pre allotted at least one car park in addition to visitor car park on surface level.

Are the towers centrally air conditioned?

Yes, all the towers are centrally air-conditioned.

What are the specifications being provided in each unit?

The company will provide built -to-suit units, which the customer can design according to his/her need.

How many elevators are there in each tower?

There are 3-4 elevators plus a service elevator in each tower.

Are the elevators high speed elevators? What Brand?

Yes, we have premium quality, high speed elevators of brands like- Otis/Kone/ Shindler

Is there 100% power back-up in all towers?

Yes, there will be 100% power back-up in all our towers.

If the towers are centrally air conditioned, will I be charged for AC usage even if my unit is not occupied / shut?

No, each unit has its own head unit with meter. Common area maintenance charges on pro rata basis.

Are the Towers being built as per Gurgaon's seismic zone compliance?

Yes, the towers will be built in compliance with Gurgaon's seismic zone. They will be zone 4 complaint.

Is the company giving assured returns?

No, the company does not promise to give assured returns.

Will the company assist in leasing the units after possession?

No, the company will not assist in leasing the units after possession.

Pioneer Urban Land and Infrastructure Ltd
 
                         
Company
RESIDENTIAL
Commerical
cUSTOMER RELATIONS
careers
contact us
retail
                         
Copyright 2011, All rights reserved with Pioneer Urban Ltd. | Follow us on