Welcome to SPR India – one of the leading real estate developer in Chennai. We, at SPR India, offer world-class residences and commercial space for a luxurious and contemporary living. At SPR, we believe in constructing more than just homes. We aim to be the architects of bigger and better dreams for the people of India. Our endeavours are firmly anchored in the belief that the key to a better future is through the quality of life that people enjoy. If you are an NRI who is looking to reap great benefits of buying property in India or have any queries related to property purchase, we are always ready to help you.
Yes, NRIs can invest in both residential and commercial properties in India without any special permissions.
NRIs are eligible for the same tax benefits as resident Indians, including deductions under Section 80C for home loan principal repayment and Section 24(b) for interest payments.
Yes, NRIs with regular income and a good credit history can apply for home loans in India. They must provide proof of overseas income and address.
NRIs need a valid passport, PAN card, proof of overseas address, and recent photographs. Additional documents may be required by financial institutions if a home loan is involved.
India’s growing economy, favorable exchange rates, and regulatory reforms like RERA make its real estate market lucrative for NRIs seeking long-term investment and rental income.
NRIs can purchase any residential or commercial property. However, they are generally not permitted to buy agricultural land, farmhouses, or plantation properties unless inherited.
No, NRIs do not require special permission to buy residential or commercial properties in India.
Yes, NRIs can jointly own property with Indian citizens, provided all owners comply with FEMA regulations.
NRIs must be physically present in India for property registration or can appoint a Power of Attorney (PoA) holder to execute documents on their behalf.
NRIs must provide proof of identity, income, and overseas employment. A valid Indian address and NRI bank account are required. Power of attorney may be needed. Eligibility varies by lender, considering age, income, property type, and repayment capacity. Terms depend on lender policies.
Apartment:
2 & 3BHK
Project Status:
Ongoing
Rera No:
TN/29/Building/0396/2024
Apartment:
3 & 5BHK
Project Status:
REC work Completed
Rera No:
TN/29/Building/0390/2024
Apartment:
2, 3, 4 & 5BHK
Project Status:
39th floor progressed
Rera No:
TN/29/Building/0390/2024
Apartment:
2, 3 & 4BHK
Project Status:
Ongoing
Rera No:
TN/29/Building/0396/2024
Office Space:
Project Status:
Ongoing
Rera No:
TN/29/Building/0416/2024
Office Space:
5 Levels
Project Status:
Ongoing
Rera No:
TN/29/Building/0416/2024
Mall:
5 Floors
Project Status:
Ongoing
Rera No:
TN/29/Building/0416/2024