Chennai property - Bengaluru realty guide - Hyderabad Realty guide - Real estate investment advisory services

Priya Publications has been publishing Indian real estate magazines since 1985. Initially the editions were confined to NRIs and published from Dubai for distribution to AGCC countries. Since 1999, the publication has been released from Chennai and distributed through several retail outlets in India and abroad.

Our Core Activities are;

Publication of Indian real estate magazines

Organising India property shows internationally

Seminars on real estate on trends and opportunities

Real estate investment advisory services

About us



Priya Publications has been publishing Indian real estate magazines since 1985. Initially the editions were confined to NRIs and published from Dubai for distribution to AGCC countries. Since 1999, the publication has been released from Chennai and distributed through several retail outlets in India and abroad.

Indian Real Estate magazine was initially released from Dubai and later a guide to Chennai Real Estate and A Guide to Bangalore Real Estate were added to the growing list of publications. The magazines have been widely acclaimed for the in-depth survey on market scenario, rates for varied locations over a period of years, tips to home loans, update on housing finance rates, NRI investment, Feng Shui, Vaasthu, legal articles, High Court and Supreme Court judgements on property matters and tips for tax planning.

Priya Publications enjoys a wide subscriber base both from India and abroad. Besides organising international property shows, the objective of the organization is to update NRI investors on current market trends, regulations and procedures for investment and repatriation. Limited services were also provided on FDI in real estate in select cities and market survey.

Priya Publications is a member of Greater Dallas Indo-American Chamber of Commerce and the firm’s real estate publications are now available with the Library of Congress in Washington, DC and other research libraries in the US. International research institutions are welcome to send their requests for obtaining copies of our publications.

Real Estate Publications

1. Chennai Property - tabloid news fortnightly published on 1st & 16th

A compendium of real estate data and market information for investors and end users in real estate in and around Chennai. There is a realty data section that provide uptodate information on pricing, rentals, home loan rates. Experts answer readers’ queries on legal and taxation matters. For NRIs there is a special update section to apprise them of the changes taking place in India. All in all a must read for realty investors. MRP Rs 10 ; Subscription Rs 300 for 24 editions to receive by post within Chennai. Online edition subscription available for NRIs at $6 per year. All correspondence should be sent to Priya Publications, 26/10. South Mada Street, Sri Nagar colony, Saidapet, Chennai 600 015, India. email: [email protected]



2. A Guide to Chennai Real Estate – Biannual edition

An in-depth survey on real estate scenario in and around Chennai. It focuses on current market trends, ongoing projects, land prices, revised guideline values, rentals, government rules, NRI investment regulations, home loans for residents and NRIs, astrology in home building, Vaasthu and FengShui, taxation and high court judgements in a nutshell. Widely reviewed by media as an invaluable reference guide for investors looking at Chennai real estate market. MRP Rs 50 (Subscription for six editions is Rs 250 to receive by post). For overseas subscription: US$25 . All correspondence should be sent to Priya Publications, 26/10. South Mada Street, Sri Nagar colony, Saidapet, Chennai 600 015, India. email: [email protected]

3. Bengaluru Realty Guide

A comprehensive guide on real estate scenario in and around Bangalore. It focuses on current market trends for residential and commercial properties, ongoing projects, prices for land, villa and apartments, government guideline values, rentals, budget highlights, rules governing NRI investment, foreigners investment in real estate, home loans, taxation and legal matters. It also covers market scenario in secondary cities like Mangalore and Mysore. MRP Rs 50. Subscription fee is Rs 250. Individual copy to receive by post to overseas address: US$20. All correspondence should be sent to Priya Publications, 26/10. South Mada Street, Sri Nagar colony, Saidapet, Chennai 600 015, India. email: [email protected]



4. Hyderabad Realty Guide

An exclusive NRI edition on Hyderabad realty market targeted for US market. The maiden edition has just been launched in bay area. It will cover current market scenario, ongoing projects, prices, commercial property market, plotted development, regulations governing NRI investment, legal and tax planning issues. Complimentary copies are being distributed across bay area, CA. MRP Rs.100. All queries should be sent to Priya Publications, 26/10. South Mada Street, Sri Nagar colony, Saidapet, Chennai 600 015, India. email: [email protected]



India Property Shows

Recent India property show in USA held during June 2016

Fremont - 25th and 26th June | Portland - 2nd July | Seattle - 3rd July



A 2-day Indian Property Show, in its 9th edition, held in Fremont, Portland and Seattle during June 2016.

Organised by Priya Publications, the prestigious property show, in its 9th edition in USA, will bring 25 Indian developers from various cities. There will be bargain offers, special schemes and competitive home loan lending rates for NRIs to choose their dream homes. The property show is being held at a time when the Indian government has relaxed foreign direct investment norms to encourage FDI investment in real estate and the budget has given fiscal sops for affordable housing.

There will be a conference on NRI investment in real estate and free advisory services would be provided to visitors during the show days. The entry is FREE for the visitors. For more information, call +91 9176 6271 39 or contact by email: [email protected]

India property shows held abroad in the past

1. India property show in USA, July 20 - 28, 2002 at Hotel Crowne Plaza, San Jose, CA and Hotel Radisson, Princeton, NJ.
2. India property show in Saudi Arabia, December 12 - 19, 2003 at Dammam, Jeddah and Riyadh. (held in association with HDFC-Rezayat Trading, Saudi Arabia).
3. Second India property show in USA, September 18 - 28, 2004 at Hotel Radisson, Sunnyvale, CA, Hotel Embassy Suites, Schaumberg, Chicago, Hotel Holiday Inn, South Plainfield, NJ and Ramada New Yorker, NY.
4. Second India property show in Saudi Arabia, May 11 - 20, 2005 at Dammam, Jeddah and Riyadh. (held in association with HDFC-Rezayat Trading, Saudi Arabia).
5. India Property show in Malaysia and Singapore, December 2006
6. Third India property show in USA, September 22 - 29, 2007 at Edison, NJ, Dallas and Sunnyvale, CA.
7. Fourth India property show in USA, May 10 - 18, 2008 (Santa Clara, CA, Seattle and Dallas)
8. India Property Show in Doha, Qatar, November 13 - 14, 2009 (Hotel Ramada Plaza)
9. Fifth India property show in USA, September 18 - 26, 2010 (Sunnyvale, Houston and Edison, NJ).
10. India property show in Malaysia, April 9 - 10 in Kuala Lumpur (Putra World Trade Centre).
11. Sixth India property show in USA, Nov 12 - 21, 2012 (Edison Hotel and Hyatt Regency Santa Clara).
12. Indian Pavilion in Property Investment & Showcase, KLCC, Malaysia, April 21 - 22, 2012.
13. India property show in USA, May 31 - June, 2015 at Edison, NJ, Houston, Sunnyvale and Seattle.
14. Eighth India Property Show in USA – May/June 2014 in Houston, Edison, NJ and Sunnyvale, CA.
15. Ninth India Property Show – Fremont, Portland and Seattle, June 25 – July 3, 2016.

Investment Options

Priya Publications offers through its associate company Raghav Realty Consultancy select investment options in plotted development in Hyderabad and Chennai including obtaining plot loans, land for outright and joint venture development and NRI marketing avenues. For more information contact through email: [email protected]

CHENNAI

1. Villas in Perungudi, fully furnished and yielding rental income available for sale.
2. Lands in Thaiyur
3. Luxury Villas in Manapakkam, 4 BHK, Rs 2.25 – Rs 2.75 crore.
4. Apartments in Madhavaram.

BENGALURU

1. 2 and 3 BHK units both built and ongoing projects.

HYDERABAD

1. Developed plots in Ibrahimpatnam (off Vijayawada highway). 12 km from Ramoji Rao film city. Size range from 300 sqyd. Price: Rs.2,100 per sqft. First FDI project in in plotted development in Hyderabad. Both outright and phased payment plans are available. Project eligible for plot loans.
2. Ultra luxury villa in Kompally (with servant quarters,swimming pool and gardens).

Subscribe for A Real estate guide to Chennai, Bengaluru and Hyderabad

Subscribe online for Chennai property fortnightly tabloid newspaper, Hyderabad real estate guide, Bengaluru Realty Guide and A Guide to Chennai Real Estate.

 

Note:

Payment can be made by cheque (if within chennai city) or DD if sent from other cities in favour of Priya Publications. All communication in connection with the publication should be sent to Priya Publications, Old No.26, New No.21. South Mada Street, Sri Nagar Colony, Saidapet, Chennai. 600 015, India.

  • A Guide to Chennai Real Estate

  • (6 editions)
  • Cover Price Rs.360
  • Subscription Rs.300
  • You Save Rs.60
  •  
  • Chennai Property fortnightly tabloid

  • (fortnightly)
  • Cover Price Rs.240
  • + postage Rs.60
  • Subscription Rs.300
  • You Save -
  • Bangalore Real Estate guide

  • (for 6 Editions)
  • Cover Price Rs.360
  • Subscription Rs.300
  • You Save Rs.60
  •  
  • Hyderabad Realty Guide

  • (2016 Edition)
  • MRP Rs.100
  •  
  •  
  •  

NRI Updates

What are the regulatory changes that will have an impact on the overall investment in immovable property by NRIs/PIOs. Here is a compilation of the recent amendments.

RBI clarifies on FDI

The Reserve Bank of India has clarified that in terms of the regulations framed under FEMA, 1999, an Indian company receiving FDI does not require any prior approval of the Reserve Bank of India at any stage. It is only required to report the capital inflow and subsequently the issue of shares to the Reserve Bank in prescribed formats.

NRI Investment made simpler

The government has approved a proposal allowing investment made by NRIs to be deemed as domestic investment on par with resident investments. The Union Cabinet also approved the proposal that NRI includes OCI cardholders as well as PIO cardholders.

The government decided to amend the FDI policy to incorporate the definition of NRI as an individual resident outside India who is a citizen of India or is an ‘OCI cardholder within the meaning of Section 7(A) of Citizenship Act, 1955. PIO cardholders registered as such under a notification issued by the centre are deemed to be ‘OCI cardholders’. All this will enable investments by NRIs, Overseas Citizen of India (OCI) and Persons of Indian Origin (PIO) cardholders under Schedule 4 on non-repatriation basis, across sectors, without being subjected to the conditions associated with foreign investment.

Residents can now remit home loan EMI for NRIs

The RBI has decided that where an authorised dealer in India has granted loan to a non-resident Indian in accordance with Regulation 7 of the Notification No. FEMA 4/2000-RB, ibid, such loans may also be repaid by resident close relative (relative as defined in Section 2 (6) of the Companies Act, 1956), of the Non-Resident Indian by crediting the borrower's loan account through the bank account of such relative.

Returning NRIs’ assets can be retained abroad

Under Section 6(4) of the FEMA Act, any person resident in India may hold, own, transfer or invest in foreign currency, foreign security, immovable property situated outside India, if the person had acquired, held, owned or inherited the same while he was resident outside India. Further, where any amount of foreign exchange is due or has accrued to a person resident in India, such person shall take reasonable steps to realise and repatriate the same within such period and manner as specified by the RBI.

There was lack of clarity as to whether the income, earned on assets held abroad by NRIs who have returned to India for permanent settlement and assets held outside India through Liberalised Remittance Scheme, are required to be realized and repatriated to India.

Now the RBI has clarified that income and sale proceeds of assets held abroad need not be repatriated to India and can be retained and invested outside India (Courtesy: EY Regulatory Alert).

FDI in Real estate

NRI Investment norms in Realty Eased

The Reserve Bank has considerably eased investment norms by NRIs/PIOs while investing in real estate. They can buy, sell, gift and inherit immovable property. However, the prohibited categories of properties include agricultural land, plantation property and farmhouse. In the event of sale of immovable property, the authorised dealer may allow repatriation of sale proceeds upto two residential units.

The government has recently approved a proposal allowing investment made by NRIs to be deemed as domestic investment on par with resident investments. It does mean NRI includes OCI cardholders as well as PIO cardholders.

An NRI/PIO may remit an amount, not exceeding US $ 1 million per financial year out of the balances held in NRO accounts. However, the repatriation is subject to production of documentary evidence in support of acquisition, inheritance or legacy of assets and payment of applicable taxes in India.

In a further move to ease the norms, residents can now remit home loan EMI for NRIs. The RBI has also clarified that income and sale proceeds of assets held abroad by the returning NRIs need not be repatriated to India and can be retained and invested outside India.

On the taxation front, wealth-tax has been abolished. On the capital gains received while selling immovable property, the cost inflation index will enable NRIs to minimize tax liability. For instance, if an NRI sells plot of land bought at Rs 1 million in the year 1978 at Rs 4 million in 2012-13, resulting in a capital gain of Rs 3 million liable for tax. The indexed cost price would be Rs 8.5 million leading to complete exemption from tax. Feedback: [email protected]

Budget implications

Budget Implications on Realty Sector

The Finance Minister has said that he proposes to rationalise the capital gains regime for REITs, but has not given any specifics. This could mean that the sponsor of a REIT may get a one-time capital exemption in exchange for units, but this needs to be confirmed.

Effectively, this new measure implies that a lot of urban housing stock is out of the purview of the new Super Rich tax, and this is a relief for the common man. Only houses priced above Rs. 1 crore will now be taxable.

Although no tax exemptions were announced on home loans for the current fiscal, considerable individual savings is likely to be generated through increased tax exemptions on pension funds, travel allowances and health insurance premiums, especially for senior citizens. This will hopefully help households to firm up their home purchase decisions sooner rather than later.

In a further move to ease the norms, residents can now remit home loan EMI for NRIs. The RBI has also clarified that income and sale proceeds of assets held abroad by the returning NRIs need not be repatriated to India and can be retained and invested outside India.

  • Wealth Tax Act, 1957 has been abolished w.e.f. FY 2015-16. Particulars and information in relation to source rule of taxation and for treating the PE or branch as a taxable entity for computation of income and for purpose of levy of TDS.
  • Service tax extended to construction, erection, commissioning or installation of original works pertaining to an airport or port.
  • Excise duty increased on cement falling under chapter sub-heading 2523 29 from H900/MT to H1000/MT.

Contact us for Indian Real estate investment advisory services

Contact us for Real estate investment opportunities and investment advisory services, update on housing finance rates, NRI investment tips, and tax planning.

Priya Publications,
No.26/21, South Mada Street
Sri Nagar Colony, Saidapet
Chennai. 600 015
Tamil Nadu State
India

Tel: +91 (044) 4204 3857
Cell: (+91) 9176 6271 39
Email: [email protected], [email protected]

Contact Us

Priya Publications,
No.26/21, South Mada Street
Sri Nagar Colony, Saidapet
Chennai. 600 015
Tamil Nadu State
India

Tel: +91 (044) 4204 3857
Cell: (+91) 9176 6271 39
Email: [email protected], [email protected]

Recent Property Shows

Property Show in USA - June / July 2016
Fremont - 25th and 26th June
Portland - 2nd July
Seattle - 3rd July


 

Exclusive Road Show in USA - June 2015 Edition,
Bay area, Orange County, LA