General Questions

Where is residential Project Located?+

Strategically located on prominent junction of 24m and 18m wide road connecting urban corridor of Ahmedabad - Thaltej - Vaishnav Devi Circle - Gandhinagar Hrudhya forms an integral part of Gandhinagar's urban area with ease of access to Ahmedabad International Airport; Hrudhya shares location with National land mark institutions, National/International corporates', IT companies and Education centers, ease of mass public transportation, Metro connectivity, low cost living with High Urban standards makes Hrudhya a natural choice.

What are the Major Features of Property?+

It is 45m height residential project in Gandhinagar. Project offers Green Building, Sustainable planning, double height lobby entrance, more parking, unhindered car movements, swimming pool, gymnasium, Mini Theater, coworking space, library are some of the unique features of the project.

What is the Height of the Building and How many floors?+

Building is 45 m height and has 14 Floors.

What is the Ceiling Height of Room+

Ceiling height of the room is 2.95m top to top.

What is the main attraction for Lobby Area?+

Double Height Entrance with Glass door, reception table and waiting space are the few attraction of the Lobby Area.

What are the provisions for Vertical transportation (Lift)?+

Two lift are provided in each block with fire protected staircase.

What is the Parking Facility Offered?+

Two level basement parking facility is provided

What will be external plaster of the project?+

Double coat sand face plaster is proposed for the project.

What is the specification for Floor Tiles.?+

Granamite tiles of size 900mm x 900mm is proposed in all rooms.

What is the provision of Visitor Parking?+

Sufficient provisions of Visitor parking is provided at Ground Level.

What is the public transportation System Available?+

Local bus station is proposed adjoining to the property. Private public transportation like auto rickshaw, Uber, lyft, ola services are also available in the region.

How far is Airport from the Location?+

Ahmedabad International | Domestic Airport are 15 kms away from the location. With express and VIP road it can be reached within 25 minute time.

How far is Ahmedabad | Gandhinagar Railway Station?+

There are three options for the Railway Connection. State of Art Gandhinagar Railway station is located at distance of 10 Kms. Sabarmati Railway station connecting to all major part of India is 18 kms away. One can also use Ahmedabad Railway station which is 27 km away from the project site.

What is Bus Service facilities near commercial property?+

State run bus GSRTC bus terminal at pathika is located at 3.5 km from the location. While for local commute bus station is adjoining to the site facility.

How far is the commercial area and what are the options for schooling and groceries?+

Hrudhya is in Mid of Urban development of Gandhinagar Authority with good neighbourhood. Grocery stores, kinder garden, primary school, secondary school and premium colleges and institutions are just in radius of 3 kms.

Charges and Maintenance

What is the process of legal documentation?+

If purchaser intents to purchase, then "Information Form” must be filled up by showing intention of purchase. In “Information Form” financial details, Applicants Details, Schedule of payments and detailed terms and conditions are mentioned which purchaser has to read carefully before signing “Information Form”. After an amount paid registered agreement will be executed. After final payment sale deed will be executed.

Will the documentation be done on Carpet Area?+

Documentation will be done on the Carpet Area as defined by RERA regulations.

What is the Carpet Area as per RERA regulations?+

‘Carpet Area’ means the net usable floor area of an unit excluding the area covered by the external walls, areas under service shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the unit.

What is the Builder Maintenance Deposit and what does it covers.?+

Maintenance payable for 36 months in advance is the Builder maintenance charge payable at time of possession. The cost covers general maintenance, common electric bill, security charge, gardening and property maintenance. But cost does not cover property tax or any capital expense.

What is Member Maintenance deposit and what does it covers?+

Member maintenance deposit is amount which shall be deposited in bank will cover (a) general maintenance, (b) common electric bill, (c) security expense, (d) property maintenance.

What are registrations, documentations and legal charges of the unit?+

For sale deed and transfer of the property legal charge of rupees 50000 and actual stamp duty and registration charge payable to government.

How much GST is applicable for the project?+

Non-refundable 5% is applicable as per Government rules and regulations for the project.

How much of the amount of GST so Paid is refundable?+

Any GST has to be paid to the Government and hence any GST so paid is non-refundable. According to GST regulations GST so paid in purchase of property cannot be claimed by purchaser.

IS GST applicable after BU?+

Any unit bought after obtaining Building Use permission GST is not applicable.

Statutory Questions

Bank Payment details+

All payment shall be made on name of ‘Dhruvi Infra’ having its RERA master collection current account at HDFC Bank having account number 50200048498815 IFS Code number HDFC0001680 Vasna Ahmedabad – 380007 Gujarat India. SWIFT code is: HDFCINBB

What the booking terms?+

Booking can be done by (a) Down Payment or (b) Regular Payment. Down Payment means paying full amount of consideration within one month. Regular payment means paying first instalment of the 30% and rest instalments are divided into equal monthly instalments subject to progress of work as decided and defined in agreement. Schedule of payment is attached as Annexure - I

What is not included in the cost of the Unit?+

Cost of the unit does not cover (a) Other Charges, (b) Builder Maintenance Deposit, (c) Member Maintenance Deposit, (d) Documentation and legal charges. Cost does not cover any ‘extra work’ proposed by member.

What is the booking procedure?+

After the rates finalized, intending client must fill and duly sign the 'Information Form’ token amount and submit to register office at “Dhruvi Infra, 2nd Floor, H. K. Complex, Near Dharnidhar Deraser Paldi Ahmedabad – 380007 Gujarat India”. Application form is attached as Annexure II. At 30% payment registered agreement will be executed between Dhruvi Infra and Party. At the time Provisional Allotment letter will be issued which will be valid till execution of registered agreement.

What if there is delay in payment of Instalment?+

Any delay in payment of instalment shall attract interest of 9%. Any subsequent delay of payment by two instalments will attract cancelation of the booking under cancelation policy of the company.

What is the cancellation policy?+

If purchaser fails to pay more than two instalments along with 9% interest, then developer shall give notice of fifteen days. If payment is not received within the notice period cancellation process will be initiated and after deducting relevant amount payment shall paid to purchaser after sell of the unit.

NRI Investment

Who is Non-Resident Indian(NRI)?+

An Indian citizen who stays abroad for employment/carrying on business or vocation 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. organisations and officials deputed abroad by Central/State Governments and Public Sector undertakings on temporary assignments are also treated as non-temporary assignments are also treated as non-residents). Non-resident foreign citizens of Indian origin are treated on par with non- resident Indian citizens (NRIs).

Who is a PIO?+

A person of Indian origin means an individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan)

What is OCI?+

The Overseas Citizenship of India(OCI) is an immigration status permitting a foreign citizen of Indian origin to live and work& in the Republic of India indefinitely. Person who has held passport of India any time or who or whose father or paternal grandfather was citizen of India by virtue of the constitution of India or the Citizenship Act 1955.

Can NRIs buy real estate properties in India?+

Yes. NRIs can buy and sell residential and commercial properties in India.

Is there any restriction on the number of properties NRIs can buy in India?+

There is no restriction on the number of residential or commercial properties an NRI can own in India. However the law restricts NRIs from purchasing any kind of agricultural land/ plantation property/ farm house in India.

Can NRIs acquire commercial properties in India?+

Yes, under the general permission granted by the Reserve Bank, property other than agricultural land/farm house/plantation property can be acquired by NRIs provided the purchase consideration is met either out of inward remittances in foreign exchange through normal banking channels or out of funds from the purchaser's NRE/FCNR accounts maintained with banks in India and a declaration is submitted to the Central Office of Reserve Bank in form IPI 7 within a period of 90 days from the date of purchase of the property/final payment of purchase consideration.

Can NRIs buy properties in India without the Reserve Bank’s permission?+

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/commercial purpose. They are, therefore, not required to obtain permission of Reserve Bank.

Are there any formalities required to be completed by NRIs/PIOs 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.

What are the documents required for buying a property in India?+

The following is the list (non-exhaustive) of documents required for NRIs to buy property in India: PAN card (Permanent account number), OCI / PIO card (In case of OCI / PIO), Passport (In case of NRI), Passport size photographs, Address proof

What are the kind of properties an NRI/PIO cannot buy?+

An NRI/PIO cannot usually buy agricultural land/plantation property/farm houses in India. Proposals to buy such a land have to be specifically approved by RBI, in consultation with Government of India. The only way they can acquire an agricultural land is by inheritance.

Can NRIs acquire or dispose residential property by way of gift?+

Yes, the Reserve Bank has granted general permission to NRIs to acquire or dispose of NRI India Properties by way of gift from or to a relative who may be an Indian citizen or a person of Indian origin (PIO) whether resident in India or not.

Can NRIs obtain loans for acquisition of a house/flat for residential purpose from financial institutions providing housing finance?+

The Reserve Bank has granted some general permission to certain financial institutions providing housing finance e.g. HDFC, LIC Housing Finance Ltd., etc, and authorized dealers to grant housing loans to NRI nationals for acquisition of a NRI house/flat for self-occupation subject to certain conditions. Criteria regarding the purpose of the loan, margin money and the quantum of loan will be at par with those applicable to resident Indians. 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.

What is the loan sanction process and its documentation?+

The documentation required to be submitted by the NRIs are different from the Resident Indians as they are required to submit additional documents, like copy of the passport and a copy of the works contract, etc. and of course NRIs have to follow certain eligibility criteria in order to get Home Loans in India. Another vital document required while processing an NRI home loan is the power of attorney (POA). The POA is important because, since the borrower is not based in India; the Home Finance Company would need a 'representative' 'in lieu of' the NRI to deal with and if needed. Although not obligatory, the POA is usually drawn on the NRI's parents/wife/children/ close relatives or friends. The documents needed for obtaining NRI home loans are Bank specific. General list of documents are as mentioned below:
Passport and Visa
A copy of the appointment letter and contract from the company employing the applicant.
The labour card/identity card (translated in English and countersigned by the consulate) if the person is employed in the Middle East Salary certificate (in English) specifying name, date of joining, designation and salary details.
Bank Statements for the last six months
List of Classified documents for Salaried and Self Employed NRI Applicants. Banks may have specific requirements apart from the below listed documents.
Salaried NRI applicants
Copy of valid passport showing VISA stamps
Copy of valid visa / work permit / equivalent document supporting the NRI status of the proposed account holder
Overseas Bank A/C for the last 3 months showing salary credits
Latest contract copy evidencing Salary / Salary Certificate / Wage Slips
Self-Employed NRI Applicants
Passport copy with valid visa stamp Brief profile of the applicant and business/ Trade license or equivalent document
6 months overseas bank account statement and NRE/ NRO account
Computation of income, P&L account and B/Sheet for last 3 years certified by the C.A. / CPA or any other relevant authority as the case may be (or equivalent company accounts)

What is the Tax treatment for income generated from property selling or renting for NRI/PIO/OCI?+

The mere acquisition of property does not attract income tax. However, any income accruing from the ownership of it, in the form of rent (if it is let out)/annual value of the house (if is not let out and it is not the only residential property owned by that person in India) and/or capital gains (short term or long term) arising on the sale of this house or part thereof is taxable in the hands of the owner.

Does Capital Gains Tax (CGT) apply to NRI / PIO / OCI?+

Yes. Long-term and short-term capital gains are taxable in the hands of non-residents.

How does Double Taxation Avoidance Agreement work in case of NRIs?+

In case of sale of an immovable property, the Double Tax Avoidance Agreement (DTAA) with most countries state that capital gains will be taxed in the country where the immovable property is situated. Hence, if an NRI owns immovable property in India, then he/she will be subject to pay tax in India on the capital gains which arise on the sale of the property. Similarly, letting of immovable property in India would be taxed in India under most tax treaties