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NBR Projects in Bangalore

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Quality is never an accident; it is the by-product of determination, hard work and a passion to satisfy customers.

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17 YEARS OF EXPERIENCE

ABOUT US

Real estate is an extremely competitive industry and maintaining a reputation, bettering it and etching a brand name in the heart of customers isn’t an easy task by any standards! NBR Developers has managed to do so since inception and has been a trend setter as regards quality, affordable housing and innovative ideas in construction. Founded in 1998, NBR Developers led by Managing Director Mr. Nagabhushan Reddy has carved a niche for itself in the real estate industry with its unique projects that have attracted buyers from all walks of life. Within a mere 17 years presence in the field, the company has brought in revolutionary thinking in terms of providing a gated community styled living at the most affordable pricing so that owning a dream home is no longer a distant dream for a middle income buyer.

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No! NRIs and PIOs do not require the permission of the RBI in order to transfer immovable property to any Indian Citizen, NRI or PIO.

A Non Resident Indian (NRI) is an individual who is an Indian Citizen but has migrated to another country permanently or temporarily for the purpose of Employment, Education etc. Other terms, commonly used for an NRI are Overseas Indian, Expatriate or Indian Expatriate.

Yes! The Reserve Bank of India has clearly granted permission to all Non Resident Indians (NRIs) & Foreign Citizens of Indian origin (PIOs) to acquire & dispose immovable property in India, be it Residential or Commercial Property. However the RBI has a restriction on the purchase of Agricultural Land/Plantation Property or Farmhouses in India.

Any NRI or PIO interested in the purchase of Agricultural Land/Plantation Property or Farmhouses in India would have to send a formal request for the same to The Chief General Manager, Reserve Bank of India, Central Office Exchange Control Department, Foreign Investment Division (III), Mumbai 400 001.

An NRI or PIO can purchase a property either through an inward remittance in foreign exchange through normal banking channels or through the funds available in the NRE/NRO/FCNR accounts maintained in India by the Investor.

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