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Prominent & Leading Real Estate / Builders / Contractors from Chandigarh, we offer Commercial Service, Residential Service, Leasing Services, Industrial Services, Letting Management Service and Property Resale Service.

Commercial Service

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Investment in commercial properties in the recent years has grown up unexpected. A majority of investors are more interested in investing their funds into commercial properties because of the entire world of economy shows that industrialization has boom up the commercial market.

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Residential Service

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We provide exclusive range of all reputed builders in Chandigarh, Panchkula, Mohali, Zirakpur and surrounding areas ranging from ordinary Apartment, Luxury Apartment, Penthouses, Villas which can match with your choice and financial budget. We also assist you in finding the most appropriate land that caters to your residential purpose.

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Leasing Services

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We assist you in leading out your commercial premises to reputed companies/MNCs

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Industrial Services

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we assist you in buying or selling industrial plots in Chandigarh, Panchkula, Mohali, Zirakpur and surrounding areas.

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In the current market scenario investors are more inclined toward the rentals because it gives them a handsome return on their invested funds. Buying a quality project and leasing it at a better price has been the latest trends of the smart investors. Our team fulfills all your needs related to letting management by providing professional lease hold management services.

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Property Resale Service

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We at Dara Estates manage a periodic track of database of investors who contact us for a regular update of real estate properties. This well organized procedure helps us to sell properties promptly with the commitment to provide the best solutions for targeted clients. Dara Estates ensures that the property is legally pre-vetted and inspected thoroughly before offering it on re-sale scheme. To know more about resale scheme, please feel free to contact us

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We provide you a comprehensive range of good quality real estate projects by all the reputed builders be it residential, commercial and retail. Besides we also serve you in leasing, selling, reselling of your properties and enjoying the returns there on. Part of our services

Write code below 63728

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NRI services

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NRI services      

An Indian Citizen who stays abroad for employment/ carrying on business or vacation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident. (Persons posted in U.N. organizations and officials deputed abroad by Central/ State Government and Public Sector Undertakings on temporary assignments are also treated as non-resident) Non-resident foreign citizens of Indian Origin are treated on par with non-resident Indian citizens.

For Investment in immovable properties  

A foreign citizen (other than a citizen of Pakistan, Bangladesh, Afghanistan, Bhutan, Sri Lanka or Nepal), is deemed to be of Indian origin if,

  • (i) He/She held an Indian passport at any time, OR
  • (ii) He/She or their parents or paternal grand-father was a citizen of India by virtue of the Indian Constitution.
  • Do non-resident Indian citizens require permission of Reserve Bank to acquire residential/commercial property in India?  

    No.

    Do foreign citizens of Indian origin require permission of Reserve Bank to purchase immovable property in India for their residential use?  

    Yes. However, Reserve Bank has granted general permission to foreign citizens of Indian origin, whether resident in India or abroad, to purchase immovable property in India for their bona fide residential purpose. They are, therefore, not required to obtain separate permission of Reserve Bank.

    In what manner the purchase consideration for the residential immovable property should be paid by foreign citizens of Indian origin under the general permission?  

    The purchase consideration should be met either out of inward remittances in foreign exchange through normal banking channels or out of funds from NTE/FCNR accounts maintained with banks in India.

    What are the formalities required to be completed by foreign citizens of Indian origin for purchasing residential immovable property in India under the general permission?  

    They are required to file a declaration in form IPI 7 with the Central Office of Reserve Bank at Mumbai within a period of 90 days from the date of purchase of immovable property or final payment of purchase consideration along with a certified copy of the document evidencing the transaction and bank certificate regarding the consideration paid.

    Can such property be sold without the permission of Reserve Bank?

    Yes. Reserve Bank has granted permission for sale of such property. However, where the property is purchased by another foreign citizen of Indian origin, funds towards the purchase consideration should either be remitted to India or paid out of balances in NRE/FCNR accounts.

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

    In respect of residential properties purchased on or after 26th May, 1993, Reserve Bank considers applications for repatriation of sale proceeds up to the consideration amount remitted in foreign exchange for the acquisition of the property for two such properties. The balance amount of sale proceeds if any or sale proceeds in respect of properties purchased prior to 26th May, 1993, will have to be credited to the ordinary non-resident rupee account of the owner of the property.

    Are any conditions required to be fulfilled if repatriation of sale proceeds is desired?

    Applications for repatriation of sale proceeds are considered provided the sale takes place after three years from the date of final purchase deed or from the date of payment of final installment of consideration amount, whichever is later.

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    Dinning Room Interior Designing
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    Kitchen Interior Designing
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    Apartment Construction

    Apartment Construction

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    Commercial Building Construction
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