GIFT City, Gandhinagar
3 & 4 Bed Ultra-luxe Residences with Home Office | 1,817 - 2,625 Sq. ft. | Starting From INR 2.5 Cr*
4 Bed Duplex Residences | 3,460 Sq. ft. | Starting From INR 4.94 Cr*
A home reflects everything you value — your lifestyle, your conveniences, and your sense of belonging. At SOBHA Elysia, every square foot embodies an uncompromising quality and unmatched attention to detail. It is an investment that is an amalgamation of cosmopolitan lifestyle and your heritage.
Come home to SOBHA Elysia, back to where you truly belong.
A home reflects everything you value — your lifestyle, your conveniences, and your sense of belonging. At SOBHA Elysia, every square foot embodies an uncompromising quality and unmatched attention to detail. It is an investment that is an amalgamation of cosmopolitan lifestyle and your heritage.
Come home to SOBHA Elysia, back to where you truly belong.
SOBHA Elysia offers 3 & 4 BHK residences with home office, along with 4 BHK duplexes.
The project is scheduled for completion in December 2030.
SOBHA Elysia follows a construction-linked payment plan.
PR/GJ/GANDHINAGAR/GANDHINAGAR/GIFT Urban Development Authority/RAA13206/300324/311230 https://www.gujrera.gujarat.gov.in/
NRIs need the following documents:
– Valid passport
– PAN card
– OCI/PIO card (if applicable)
– Power of Attorney (if applicable)
– Proof of Address
Source: https://www.sobha.com/blog/nri-buying-property-india-guide/
NRIs can finance property purchases through:
– NRE (Non-Resident External) or NRO (Non-Resident Ordinary) accounts
– Home loans from Indian banks (subject to eligibility)
– Remittances from abroad through authorised banking channels
Source: Reserve Bank of India Website
Payments must be made through banking channels in India and comply with tax regulations. NRIs can use funds from their NRE/NRO accounts.
Source : Reserve Bank of India Website
Yes, NRIs can avail home loans from Indian banks and NBFCs.
– Eligibility: Based on income, credit score, and bank criteria
– Loan Amount: Typically, 80% of the property’s value, with the remaining amount as a down payment
– Repayment: Must be made in INR via NRE/NRO/FCNR accounts
Source : Reserve Bank of India Website
NRIs are subject to capital gains tax when selling property:
– Short-term (held for <2 years): Taxed as per income tax slab
– Long-term (held for ≥2 years): 20% tax with indexation benefits
NRIs can also benefit from the Double Taxation Avoidance Agreement (DTAA) between India and their country of residence.
Yes, NRIs can rent out their properties. Rental income is taxable in India and should be credited to an NRO account or repatriated through proper banking channels.
Source : Reserve Bank of India Website
Yes, repatriation is allowed under these conditions:
– The property must have been purchased using foreign remittance or NRE funds
– Repatriation is permitted for up to two residential properties
– RBI regulations set limits on the repatriation amount per financial year
Source : Reserve Bank of India Website
A PoA is highly recommended if an NRI cannot be physically present for property transactions. It should be notarised and attested by the Indian consulate in the resident country.
Source : Ministry of External Affairs (MEA), Government of India
A Guide to NRI Buying Property in India
8 minute read
Why is GIFT City a Game Changer for NRI Investors?
12 minute read
Real estate investments can be categorised into four main types:
-Residential: Apartments, villas, and houses for personal use or rental income
-Commercial: Office spaces, retail shops, and malls
-Industrial: Warehouses, factories, and logistics centres
-Land: Undeveloped plots with potential for future appreciation
Source : https://www.sobha.com/blog/real-estate-investing-guide/
Selecting the right property involves evaluating key factors such as:
-Location: Accessibility, neighbourhood growth, and future infrastructure plans
-Property condition: Age, maintenance, and potential renovation costs
-Market trends: Demand, pricing trends, and rental yields
-Appreciation potential: Expected increase in property value over time
Source : https://www.sobha.com/blog/real-estate-investing-guide/
To assess potential returns, consider:
-Rental income: Monthly or annual earnings from tenants
-Property appreciation: Increase in market value over time
-Expenses: Maintenance, property taxes, and loan repayments
Source : https://www.sobha.com/blog/real-estate-roi-calculation-guide/
A good location can maximise returns, consider:
-Proximity to key amenities: Schools, hospitals, malls, and public transport
-Future development: Planned infrastructure projects and commercial growth
-Market demand: Rental yield and resale potential in the region
Source : https://www.sobha.com/blog/real-estate-roi-calculation-guide/
Advantages of Investing in Indian Real Estate
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RERA Compliance in Gujarat: What Buyers Need to Know
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GIFT City (Gujarat International Finance Tec-City) is India’s first operational greenfield smart city and international financial services centre (IFSC) – offering world-class infrastructure for finance, technology, and allied sectors.
GIFT City is located between Ahmedabad and Gandhinagar, near the Sabarmati River, Sardar Vallabhbhai Patel International Airport, and Delhi-Mumbai National Highway NH48.
-District Cooling Innovation: Limiting energy and maintenance costs while enhancing cooling efficiency.
– Automated Waste Collection System (AWCS): Cutting-edge AWCS to maximise resource recovery and minimise emissions.
– Utility Tunnel Network: Revolutionising service delivery; committed to the vision of a “digging-free city.”
– Zero-discharge Water: Potable water from every tap while upholding a zero-discharge commitment.
– Reliable and Adequate Power Infrastructure: Unwavering commitment to power reliability.
– Connected City: Robust optical fibre ring infrastructure serviced by four leading telecommunication providers.
– State-of-the-art Data Centre: Tata Communications’ Tier IV Green Data Centre.
Built on the ‘Walk to Work’ concept, GIFT City fosters a balanced lifestyle where residents have easy access to all essential facilities and social infrastructure within proximity. Innovative and modern social infrastructure is integrated as part of smart city planning in GIFT City, including technologically advanced schools, hospitals, and community spaces like clubs and recreational centres.
Living in GIFT City: A New Paradigm for Work-Life Balance
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Live an international lifestyle at Sobha Elysia in GIFT City- A Luxury residential community with modern amenities
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BRICK BY BRICK PNC Menon’s Sobha Group will soon foray into the US, after having emerged as the third largest real estate player in Dubai.
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Sobha Ltd aims Rs 10,000 crore increase in equity capital over next 5 years
READ →PR/GJ/GANDHINAGAR/GANDHINAGAR/GIFT Urban Development Authority/RAA13206/300324/311230
https://www.gujrera.gujarat.gov.in/