Are you an NRI interested in investing in a property in India?

Then, welcome to Whiteline Property Developers, Trichy’s most renowned and trusted developer of plotted BDA-approved residential layouts. We have developed spectacular projects over the past 20 years.

Plotting reliaably is what we do. So, turn your dreams into reality with our fine residential layouts strategically situated around the city. This page is specially created to provide you with solutions to all your queries or concerns regarding investing in properties in India.

Invest in Whiteline Propertyplots and flats, grow your investment portfolio and enhance your quality of life.

Why Whiteline Properties?

Whiteline Property Developers has been firmly built on providing a customer-focused approach, touchstone quality, pertinacious ethics and timeless meticulousness. Since its inception, Whiteline Property Developers has observed an escalating growth due to its perennial pursuance for world-class quality. Committed to creating plots where quality meets excellence and dreams turn into reality, Whiteline Property Developers has built 5000 plus BDA approved plots spread across 500 plus acres. We have redefined the industry in India by emerging as the largest plotted layout developers after BDA in Bangalore, within BDA limits.

Whiteline Property Developers has been a trusted company for excellence as we strive towards transparency and reliability in every realm of our business activities. Our properties have developed to have defined Bangalore’s skyline by enclosing schools, colleges, hospitals and shopping complexes like Vibgyor School, Bmax Hospital, Mount Zee School, Narayan E-tech and Eurotech, etc. Strategically located and intricately designed layouts with above-and-beyond amenities provide you assurance for a best-in-class lifestyle. We believe in achieving client satisfaction by providing highest standards of quality, topmost environmental protection and community welfare

RBI Guidelines

Whiteline Property Developers aims to provide solutions to every concern on purchase of immovable property in India. Here’s a compiled legal information of the Reserve Bank of India (RBI) Guidelines that would help you invest in immovable properties in India.

The Foreign Exchange Management Act, 1999 (FEMA) empowers the Reserve Bank to frame regulations to prohibit, restrict or regulate the acquisition or transfer of immovable property in India by persons residing outside India. The regulations governing acquisition and transfer of immovable property in India are notified under Notification No. FEMA 21 / 2000-RB dated May 3, 2000, as amended from time to time. These restrictions do not apply to acquisition or transfer of immovable property in India by a person resident outside India on a lease not exceeding five years.

As per section 6(5) of FEMA, a person residing outside India can hold, own, transfer or invest in any immovable property situated in India if such property was acquired, held or owned by him / her when he / she was residing in India or inherited from a person residing in India.

Acquisition / Transfer By a Non- Resident Indian (NRI)

An NRI can acquire by way of purchase any immovable property (other than agricultural land / plantation property / farm house) in India.

Transfer of immovable property

• An NRI may transfer any immovable property in India to a person resident in India;
• An NRI may transfer any immovable property (other than agricultural land or plantation property or farm house) to an NRI or a PIO residing outside India.

Payment for Acquisition of Immovable Property

NRIs can make payment for acquisition of immovable property (other than agricultural land/ plantation property/ farm house) out of funds received in India through normal banking channels by way of inward remittance from any place outside India or by debit to his NRE/ FCNR (B)/ NRO account; Such payments cannot be made either by traveller’s cheque or by foreign currency notes or by other mode except those specifically mentioned above.