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Residential

Primary Sales-New Project

Aryarth has strong developer relationships Pan India, through which we are able to offer our investors lucrative investment opportunities spread across multiple locations, projects, builders hence de-risking the end investor’s portfolio.

We also have launched our home search engines

www.6dhomes.com caters to Indian Consumers for Real Estate services

www.6dgold.com caters to HNIs for Real estate services

www.6dindia.com caters to NRIs for Real estate Services

Buy with Us

Buyer Services we provide :

Need Analysis basis following parameters:

Location
Budget
Primary/Secondary
Investment/Self Use

Providing best available alternatives and options
Site visits for all options
Providing detailed unit information, infrastructure, area analysis for aiding an informed buying decision
Due diligence of documents & legal aid
Negotiation to ensure best investment
Aiding in deal closure

Sell with Us

Selling Services we provide :

Evaluating market price & suggest best price
Creating Value proposition for the unit based on Market Analysis
Offloading the inventory to our sales team
Finding a prospective buyer
Aiding site visits
Due diligence of documents & legal aid
Negotiation to ensure best deal
Aiding deal closure

Resale

If you are looking for a dependable medium to sell your property, we provide efficient property resale services for all types of real estate properties across India. We have a huge database of prospective buyers already interested in buying ready-to-move-in properties all over India, we can help you sell your property by presenting it to individuals who are genuinely interested in purchasing resale property in India.

Leasing / Rentals

As a tenant, the most essential requirement is to find a home that guarantees convenience and a good lifestyle. 6D understands this fundamental principle and our team of professional realtors will help you achieve this. Once your preferences are assessed, a comprehensive process involving the utilization of our multi-level databanks as well as integrative agency network will be undertaken.

Our assignment doesn’t end with identifying the property for you, but extends to assisting you in negotiating a best deal and further liasoning with both your legal counsels as well as that of the landlords to complete the documentation and registration formalities.

Commercial

Buy/Sell

The commercial space sector is a dynamic environment which is inextricably linked to the micro and macro-economic factors which significantly influence the supply and demand mechanisms that impact yields, returns on investment and corporate occupation costs.

6D has developed a team of professionals from varied academic backgrounds to offer a service level, which is cognizant of the changing needs of the business community and the impact real estate has on shareholder value.

Office Space Leasing is a department structured to meet the diverse needs of real estate developers, landlords and occupiers. The core competencies of the department lies in the creation, implementation and control of marketing strategies for new office space products, advisory and transaction services to real estate occupiers looking for office space premises. At present this service is available for National Capital Region, Mumbai, Chandigarh and Lydhiana.

Our range of services includes

For corporate

· Occupancy strategy, location selection and sourcing of properties

· Comparative financial and non financial analysis for aiding decision making

· Help with due-diligence and negotiations

· Structuring and execution of transactions

Lease/Rental

Services we offer:

· Location strategy based on detailed market and sub-market analysis.

· Site inspection and selection including access to our inventory of retail locations.

· Pricing strategy and financial analysis.

· Catchment survey including community profiling.

· Consumer survey and category specific consumer behavior.

· Market size estimation, localization and strategic hooks.

· Lease negotiations and due diligence.

Resale

If you are looking for a dependable medium to sell your commercial space, we provide efficient property resale services for all types of real estate commercial properties across India. We have a huge database of prospective buyers already interested in buying ready-to-move-in commercial properties all over India, we can help you sell your property by presenting it to individuals who are genuinely interested in purchasing resale property in India.

Investment Advisory

6D’s expertise lies in creating and offering value added investment products to an exclusive group of clients.

Our Investment Sales team sources prime assets pan India including commercial, residential, industrial and hospitality, packages them to offer attractive yields, valuations and visible upsides and places them with institutional or retail clients based on their risk adjusted return requirements.

For the asset owners, the team helps capitalize their real estate portfolio at the right valuations and advise on the appropriate exit strategies.

Some typical investment sales products include

1. Deep discounted residential/ commercial stock for bulk investments

2. Attractive land deals with visible upsides - The investment sales team works with also global and domestic buyers in analyzing their requirements, advising them of Indian opportunities, sourcing and bringing the right real estate investment assets and products for their buy side demands.

3. Debt structure with capital protection

4. Hybrid Equity structure with downside protection & a high project share

For Developers/Land Owners

Project Advisory Life Cycle

We at Aryarth work closely with key development and infrastructure companies and asset owners in:

• Identifying the right projects

• Optimizing the capital structure

• From land acquisition to large investor sales to development capital and exit finance, we shall do fund raising at all levels of development

• Identifying a need for Joint Development and finding the right partner at mutually acceptable terms

• Offloading the inventory through Aryarth retail sales arm

• Providing Marketing , Channel Sales & B2C events support for the development

NRI

Buy/Sell

6D India is our endeavour to provide an exclusive and transparent platform to the Ultra affluent NRI fraternity to invest in various real estate opportunities in India. We would closely evaluate opportunities, structure specific high yield deals and offer them a bouquet of product and services be it buying a villa for self use or investing in structured deals or conducting due diligence for a property or managing their tenancy agreements. With a robust Compliance mapping, remarkable statutory and regulatory controls, we aim to offer the best RE portfolio advise thus being your “Private Real Estate Wealth Managers”.

So, if you are looking to buy or invest in a home, allow us to open the finest doors for you! Search for a property of your choice from the wide portfolio we currently have or call our Call Centre for a one to one interaction.

Buyer Services

1. Need Analysis basis following parameters:

Location
Budget
Primary/Secondary
Investment/Self Use

Providing best available alternatives and options
Site visits for all options
Providing detailed unit information, infrastructure, area analysis for aiding an informed buying decision
Due diligence of documents & legal aid
Negotiation to ensure best investment
Aiding in deal closure

Selling Services

Evaluating market price & suggest best price
Creating Value proposition for the unit based on market Analysis
Offloading the inventory to our sales team
Finding a prospective buyer
Aiding site visits
Due diligence of documents & legal aid
Negotiation to ensure best deal
Aiding deal closure

Investment Advisory

6D’s expertise lies in creating and offering value added investment products to an exclusive group of clients.

Our Investment Sales team sources prime assets pan India including commercial & residential packages them to offer attractive yields, valuations and visible upsides and places them with institutional or retail clients based on their risk adjusted return requirements.

For the asset owners, the team helps capitalize their real estate portfolio at the right valuations and advise on the appropriate exit strategies.

Some typical investment sales products include

1. Deep discounted residential/ commercial stock for bulk investments

2. Attractive land deals with visible upsides - The investment sales team works with also global and domestic buyers in analyzing their requirements, advising them of Indian opportunities, sourcing and bringing the right real estate investment assets and products for their buy side demands.

3. Debt structure with capital protection

4. Hybrid Equity structure with downside protection & a high project share

Social Profit

Aryarth, as per its decided vision promotes social profit. At Aryarth we support Pro bono activities where each employee has to contribute one working day per month supporting an NGO. We believe in capability model of development and empowerment of youth for a sustainable and wholesome growth of economy. Development of skill set and generating employment opportunities for people is one of the objectives of Aryarth Team.

If you are an NGO and want us to support you please write to us at support@aryarthcapital.com or contact us (give a contact form)

The image on this page will be youth centric and futuristic.

NRI FAQs

Q1. Who is an NRI?

Ans.: Under the Foreign Exchange Regulation Act of 1973, Non-Resident Indians are:

Indian citizens who stay abroad for employment or carrying on business or vocation outside India or for any other purpose in circumstances indicating an indefinite period of stay abroad; OR

Government servants who are posted abroad on duty with the Indian missions and similar other agencies set up abroad by the Government of India where the officials draw their salaries out of Government resources; OR

Government servants deputed abroad on assignments with foreign Governments or regional/international agencies like the World Bank, International Monetary Fund (IMF), World Health Organization (WHO), Economic and Social Commission for Asia and the Pacific (ESCAP) OR

Officials of the State Government and Public Sector Undertakings deputed abroad on temporary assignments or posted to their branches or offices abroad.

Q2. Who is a foreign citizen of Indian Origin?

Ans.: A foreign citizen is deemed to be of Indian Origin if : i) he held an Indian Passport at any time or ii) he or his father or paternal grandfather was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955. However this does not apply to citizens of Pakistan, Bangladesh, Afghanistan, Bhutan, Sri Lanka or Nepal.

Q3. Checklist for buying a residential property?

Ans.: a. Market Trends about prevalent rates of property in the vicinity and last known transactions

b. Ask for photocopies of the all deeds of title related to the property to be purchased. Examine the deeds to establish the ownership of the property by seller, preferably through an advocate. Ascertain the survey number, village and registration district of the property, as these details are required for registration of the sale. Previous encumbrances and loans, if any on the property must be cleared before completion of purchase of the property. The title of the Vendor to the property must be clear and marketable.

c. Check for approved layout plan and approved building plan with number of floors

d. Clearance from Municipality, Electricity, Water, Pollution, Lift authorities

e. Check the building bye-laws in that area to verify any issue with setback, side setback, height, etc

f. Confirm transfer fees, stamp duty and registration charges to be paid on purchase of the property as well as outgoings to be paid for the property i.e. property tax, water and electricity charges, society charges, maintenance charges

Q4. Do NRI's require consent of Reserve Bank to buy immovable property in India?

Ans.: No. NRI's do not require any permission to buy any immovable property in India other than agricultural / plantation property or a farmhouse.

Q5. What should a consumer keep in mind while purchasing a housing flat?

Ans.: Some of the factors to consider while purchasing a flat are:

a. Locality i.e. transport, schools, hospitals, market, business district, entertainment centers, hotels, restaurants, pollution levels
b. Quoted area of the flat i.e. Carpet, Built Up Area and super Built Up Area
c. Car parking space
d. Quality of construction
e. Reputation of the builder or seller
f. Sufficient water and electric supply, other utilities
g. Cost components: price, stamp duty, registration charges, transfer fees, monthly outgoings and society charges, costs of utilities
h. Potential for resale or renting out of the property
i. Any other distinguishing features or advantages of the property

Q6. In what way the purchase consideration for the immovable property should be paid under the general permission?

Ans.: The purchase consideration should be met either out of inward remittances in foreign exchange through normal banking channels or out of funds from any non resident accounts maintained with banks in India.

Q7. Is there any limit on the number of housing properties that may be purchased by an NRI?

Ans.: There are no limits on the number of residential properties that may be bought by an NRI. However, repatriation (the process of converting a foreign currency into the currency of one’s own country) is allowed only in respect of two such properties.

Q8. What are the guiding principle for getting hold of agricultural land / plantation property / farmhouse by NRIs and foreign citizens of Indian origin?

Ans.: All requests for purchase of agricultural land / plantation property / farm house by any person resident outside India may be made to The Chief General Manager, Reserve Bank of India, Central Office, Exchange Control Department, Foreign Investment Division (III), Mumbai 400 001.

Q9. Can a home/land be sold without the permission of Reserve Bank?

Ans.: Yes. Reserve Bank has granted general permission for sale of property. However, where another foreign citizen of Indian origin purchases the property, funds towards the purchase consideration should either be remitted to India or paid out of balances in non-resident accounts maintained with banks in India.

Q10. Can sale proceeds of such property if and when sold be remitted out of India?

Ans.: In the event of sale of immovable property other than agricultural land/farm house/plantation property in India by a NRI or PIO, the authorized dealer may allow repatriation of the sale proceeds outside India, provided all the following conditions are satisfied: -

The immovable property was acquired by the seller in accordance with the provisions of the Exchange Control Rules/Regulations/Law in force at the time of acquisition, or the provisions of the Regulations framed under the Foreign Exchange Management Act, 1999;

NRIs/PIOs can effect remittance of sale proceeds of immovable property in India irrespective of the period for which the property was held. The sale proceeds allowed to be repatriated should, however, not exceed the foreign exchange brought in to acquire the said property.

In case of residential property, the repatriation of sale proceeds is restricted to not more than two such properties, if the property was purchased from funds held in NRE Account.

The amount sought to be repatriated abroad should not exceed the amount paid for acquisition of the immovable property in the foreign exchange received through normal banking channels or out of funds held in FCNR or NRE Account. In case of investment out of NRE Account the amount to be calculated as foreign currency is equivalent value as on the date of payment for acquisition of the said property.

Q11. Does RBI have any guidelines for loans to NRI's/PIO's?

Ans.: There are guidelines issued by the by the Reserve Bank of India for grant of Housing Loans to NRIs. The guidelines are:

(a)The loan amount shall not exceed 85% of the cost of the housing unit.

(b)Own contribution, which is the cost of housing unit financed less the loan amount, can be met from direct remittances from abroad only through normal banking channels, your Non-Resident (External) [NR (E)] Account and /or Non-Resident (Ordinary) [NR (O)] account and /or Non-Resident Special Rupee account [NRSR] in India

(c)Reimbursement of the loan, comprising of the principal and interest including all the charges are to be remitted from abroad only through normal banking channels, your Non-Resident (External) [NR (E)] Account and /or Non-Resident (Ordinary) [NR (O)] account and /or Non-Resident Special Rupee account [NRSR] in India

Q12. Can authorized dealer grant loans to NRIs for purchase of a flat/house for residential intention?

Ans.: Authorized dealers have been granted permission to grant loans to NRI's for acquisition of house/flat for self-occupation on their return to India subject to certain conditions Repayment of the loan should be made within a period not exceeding 15 years out of inward remittance through banking channels or out of funds held in the investors' NRE/FCNR/NRO accounts.

Q13. Can authorized dealer grant housing loan to NRI's where he is a principal borrower with his resident close relative as a co-applicant / guarantor or where the land is owned jointly by such NRI borrower with his resident close relative?

Ans.: Yes. Such housing loans availed in rupees can also be repaid by the close relatives in India of the borrower.

Q14. What are the documents I have to submit along with the application?

Ans.: The following documents are normally to be submitted along with the application:
(a) Photocopy of the labor contract and English translation duly countersigned by your employer
(b) Latest salary certificate (in English) specifying the following: Name (as it appears in the passport) , Date of joining , Passport Number, Designation , Perquisites and salary.
(c) Photocopy of labor card/identity card
(d) Photocopy of valid resident visa stamped on the passport
(e) Photocopy of monthly statement of local bank account for the last 4 months
(f) Property related documents

Q15. Can an NRI take loan against the security of immovable property in India? Are there any restrictions on the use of loan amount?

Ans.: An NRI can borrow against the security of immovable property from Authorized Dealer subject to following conditions:
i) The loan should be used for meeting the personal requirements or for borrower's own business purposes; and
ii) loan should not be used for forbidden activities, namely;
(a) business of chit fund, or
(b) agriculture or plantation activities or in real estate business, or construction of farm houses, or
(c) trading in Transferable Development Rights (TDRs), iii) the loan amount cannot be remitted outside India,
iv) repayment of loan shall be made from out of remittances from overseas or by debit to NRE/FCNR/NRO account or out of the sale profits of shares or securities or immovable property against which such loan was granted.

Q16. What kinds of incentive can NRIs, PIOs and foreigners look forward to in the Indian real estate industry that favours investment?

Ans.: The relaxation of FDI in the construction development sector announced in March 2006 allows NRIs, PIOs and all foreigners equal opportunity with their Indian counterparts in the Indian real estate sector. The new guidelines states that before selling, the site has to be developed, constructed upon or fulfill the criteria of minimum one year development.
i) NRIs, PIOs and foreigners can now invest in land, buy it, construct upon it or develop it, sell constructed buildings/developed plots
ii) FDI through automatic route can also flow in not just for the housing sector, but also for townships, housing, commercial area, and infrastructure development
iii) Restrictions on minimum area of land, minimum number of units has been removed
iv) Minimum constructed area required is 50, designated area is 25 acres

Q17. Is there any specific target to actually complete your construction development work?

Ans.: The norms are quite liberal. It allows you five years to finish at least 50% of your project from the date of getting all the clearances. In normal circumstances the project can be completed within three years. It helps protect the customer and keeps fly-by-night people at bay.

Q18. How does the automatic route work?

Ans.: The automatic route has simplified much of the cumbersome investment process. Approval from the Reserve Bank is not required anymore. No need to go to the Foreign Investment Promotion Board either. The easing of paper work and relaxation of formalities has given a boost to overseas investor confidence for investing in India.

Q19. What aspects should overseas investors look at in the Indian real estate market to facilitate the suitability of their projects?

Ans.: Any NRI before investing in the Indian real estate should also focus on the particular segment that he plans to invest in - like residential, retail or office space. Consulting legal firms and real estate firms providing professional NRI services can be very useful.

Q20. What are the steps an NRI should follow for getting all the clearances in a hassle-free manner? Whom should one meet in the process?

Ans.: A lot depends on the segment you want to invest in. It helps to gauge the future state and to know what utilities are available.
i) An office market investment, for instance, requires you to:
ii) Get in touch with consultants for advice on the city of choice
iii) Outline your objectives, the size of your investments
iv) Have an approximate of the returns you are expecting.
v) The yield that has evolved from distinct parameters ranges between of 8 - 8.5% to 12% for office space and 4% - 6% in residential
vi) Whether the land is for investment or for development is also a deciding factor, as is the local demand-supply situation
While investing in India, the availability and quality of infrastructure or utilities like power, connectivity, security and long-term future plans need to be scrutinized.

Q21. Is a single window clearance possible?

Ans.: Single window in a real estate project in India sometimes may be difficult, because of the involvement of several authorities. If it’s a multi-storied building, you need to get clearance from town planning authorities, clearance on design, elevators, fire fighting agencies, etc. Efforts are on to make the process simpler and transparent, though.

Q22. How is the sanctioning authority and monitoring authority different in India?

Ans.:

(a) In some states, the Municipal authority is the ultimate monitoring authority
(b) In smaller states and in non-urban areas, the town and country planning corporation acts as the monitoring authority
(c) In urban areas where most of the construction takes place, the municipal authority wields power in giving the final permission and sanctioning drawings and plans. Clearances on electricity, water supply and other utilities come from here

The new FDI norms state that the minimum investment has to be USD 5 million for 51% shareholding. Does this include funding of subsidiaries as well?
(a) If you have a wholly owned subsidiary by a foreign company then the minimum capitalization norm is USD 10 million
(b) If you have a joint venture, the ratio 74:26 or 51:49 is immaterial. For a joint venture, the minimum capitalization is USD 5 million in foreign exchange
(c) This minimum amount of foreign exchange is required to arrive within six months from the date of commencement of business. The six months can be used to bring that money into India

Understanding types of Non Resident Status:

Non Resident Indian (NRI)
It's a citizen of India holding an Indian Passport but residing in a different country and stays in India for less than 182 days.

Person of Indian Origin (PIO)
It's a person who has held an Indian passport at any time in the past, or who or either of whose father or mother or whose grandfather or grandmother was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (not applicable for citizens of Pakistan, Bangladesh Sri Lanka, Afghanistan, China, Iran, etc).

Overseas Citizen of India (OCI)
Those applicants who are granted OCI receive a lifelong multiple entry to India. An Overseas Citizen of India (OCI) status can be applied for by all overseas Indians holding foreign passport who migrated after 26th January, 1950, except those who are now settled in Pakistan and Bangladesh.

Brief investmentoutline for NRI:

Investment guidelines

NRIs /PIOs / OCI’s, under a general permission, can invest in any number of immovable property in India. However, this permission covers only the purchase of residential and commercial property and not agricultural land/plantation property/farmhouse, which require RBI's specific approval.

Remittance rules

Remittances can be made by NRIs/PIOs out of funds remitted to India through normal banking channels, or through funds held in their NRE/ FCNR(B)/NRO accounts maintained in India.

Transfer norms

An NRI can sell property in India to a person resident in India or an NRI/PIO. Similarly, a PIO can sell property in India to a person resident in India or an NRI.

The last decade has evidenced a boom in the Indian real estate sector, attracting a substantial amount of foreign investment. Although organised institutional investors have been the primary drivers, equally strong interest has been evinced by non-resident retail investors in buying immovable property in India. In fact, compared to other countries, the Indian realty sector was less affected during the global slowdown. Given this resilience, interest in this sector is bound to increase in future. Therefore, it is important for non-resident retail investors to be aware of the regulations governing their investments in Indian real estate and to adopt strategies accordingly.

The Foreign Exchange Management Act, 2000,(Fema) lays down the regulations for non-residents (non-resident Indians, persons of Indian origin and other foreign nationals) to hold/acquire/sell real estate property (immovable property) in India.

Understanding types of Non Resident Status:

Non Resident Indian (NRI)
It's a citizen of India holding an Indian Passport but residing in a different country and stays in India for less than 182 days.

Person of Indian Origin (PIO)
It's a person who has held an Indian passport at any time in the past, or who or either of whose father or mother or whose grandfather or grandmother was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (not applicable for citizens of Pakistan, Bangladesh Sri Lanka, Afghanistan, China, Iran, etc).

Overseas Citizen of India (OCI)
Those applicants who are granted OCI receive a lifelong multiple entry to India. An Overseas Citizen of India (OCI) status can be applied for by all overseas Indians holding foreign passport who migrated after 26th January, 1950, except those who are now settled in Pakistan and Bangladesh.

Investment guidelines

NRIs /PIOs / OCI’s, under a general permission, can invest in any number of immovable property in India. However, this permission covers only the purchase of residential and commercial property and not agricultural land/plantation property/farmhouse, which require RBI's specific approval.

Remittance rules

Remittances can be made by NRIs/PIOs out of funds remitted to India through normal banking channels, or through funds held in their NRE/ FCNR(B)/NRO accounts maintained in India.

Transfer norms

An NRI can sell property in India to a person resident in India or an NRI/PIO. Similarly, a PIO can sell property in India to a person resident in India or an NRI.

Repatriation law

If the original investment amount has been received from inward remittance or debit to an NRE/FCNR(B)/NRO account for acquiring the property or for loan repayment, the principal amount can be repatriated outside India.

STEP 1 : STEPS PRIOR TO INVESTING IN A PROPERTY IN INDIA

The following two basic requirements can be completed prior to your coming to India. However if you do decide to be in India to complete these, please keep 10 days as additional buffer time before you can invest in a property.

OPEN NRE AND NRO ACCOUNT

These are your checking accounts from where the funds will be paid to buy your property. There are two types of accounts which will need to be opened with each having specific features and usage.

Documentation for NRI & NRO accounts

• Two sets of documents you be required to open both NRE & NRO accounts.

• All documents have to be self attested with your signature.

• If the account is opened jointly documents will be required for both the account holders.

Documentation if holding an Indian Passport - NRI

• Photocopy of the Passport with the following pages:

• Name and address

• Specimen-signature

• Photograph

• Passport expiry date

• Copy of valid Visa / Work / Residence Permit (the visa could be either in the passport or given separately)

• Proof of Mailing Address (local or foreign address as selected on the accounting opening form)

• Latest photograph (passport sized)

Documentation if holding a foreign Passport - PIO / OCI

• All the above documents with copies of your foreign passport
If your passport does not state your place of birth as India, then following documents will be required:

• PIO or OCI card OR

• Incase PIO or OCI card not held - Copy of Indian passport of spouse or copy of Indian passport held by parents / grandparents.
Any one of the documents required for address proof (none of these documents should be more than 3 months old):

• Valid Driver's License

• Credit Card statement

• Utility bill – telephone , electricity , water or Gas

• Copy of the company ID card with residence address

Documentation attestation options

• Any overseas banker applicable in Argentina, Australia, Austria, Belgium, Brazil, Canada, China, Denmark, Finland, France, Germany, Greece, Bahrain, Qatar, Kuwait, Oman, Saudi Arabia, UAE, Hong Kong, Iceland, Ireland, Italy, Japan, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Portugal, Russian Federation, Singapore, South Africa, Spain, Sweden, Switzerland, Turkey, United Kingdom and the United States of America only. OR

• Any Branch of an Indian Bank Abroad OR

• Notary Public or Equivalent Authority OR

• The Indian diplomatic mission in your country of residence