Flats In Adyar | Ready to Move Apartments in Chennai - Tower Of Adyar
 

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Live the chic lifestyle in the most sought-after location. Ready to move in luxurious 4BHK Apartments/Flats for sale in Adyar starting at Rs. 3.45 Cr* Onwards - NO GST.

Project Overview

The Solicitously designed Tower of Adyar by Poompuhar Real Estates Pvt. Ltd., (a part of Nahar Group), is an epitome of premium living.

Located in one of the finest neighbourhoods of South Chennai – Adyar, this 14-storeyed residential complex is exclusively crafted for luxurious living. The plush 4 BHK luxury apartments in Adyar provide a feeling of openness without compromising privacy. It elevates lifestyle to another level, making Adyar houses not only modern masterpieces but also a perfect abode.

An interior-living area elegantly integrated with the landscapes brings perfect harmony with the beauty of its natural surroundings and the stunning seascape. These fashionable and luxury, ready-to-move flats in Adyar with the finest fittings and comforts will certainly complement a chic lifestyle.

Rooftop Amenities

We believe that properties in Adyar are more than just a few rooms, and Tower of Adyar makes this belief come true. Finest luxuries of the amenities, from a high-quality gym to lush green meadows for you to connect with nature. 24/7 surveillance and thoughtful planning enable you to live the extravagant lifestyle in the most sought-after locale. The day this property goes on for sale in Adyar, it will surely create a buzz among the people becuase of its offerings.


High-End Rooftop Amenities


There is more to Adyar than what meets the eye. New flats in Adyar are full of exquisite luxuries that enhance your everyday routine. Located at a premium location, Adyar offers facilities and amenities like no other and will become one of the best ready to move projects in Chennai in the time to come.


  • Open to air café for a chat over coffee
  • Indoor game area for the sports fanatics
  • Amphitheatre for every special occasion and festival
  • Garden for Yoga and walks to keep you healthy

Floor Plan

The Best Locale

Adyar’s premium-ness is one of the most revered areas in Chennai, and is now extended and applied to Nahar Group’s Tower of Adyar. The tower also provides a lifestyle with wide range of exclusive luxuries under one roof and enjoys the best address in the midst of amazing environs of the city. The detailing in the design is focussed to create an extraordinary residential experience offering comfort, luxury and quality of life. The city has everything to offer, right from scenic beauties of Buckingham Canal, Tiruvanmiyur, Theosophical Society, Besant Nagar to the affluent and ever-effervescing Adyar River. The locale in and around Tower of Adyar makes it the most sought after space to own.

Contact

Site Address

Tower of Adyar, New # 107 to 109, Old # 38 to 39, Lattice Bridge Road, Adyar, Chennai, Tamil Nadu - 600020.


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About Nahar Group

NAHAR GROUP is a premier real estate developer headquartered in Mumbai. Established in 1973, the group has developed over 20 million square feet of prime real estate projects, making it a trustworthy brand to reckon with. Having proved its repute in Mumbai, the Nahar Group has set its presence in Chennai with “Tower Of Adyar".
Having proved their proficiency at developing townships and Lifestyle Residencies, Tower Of Adyar is the next project that Nahar Group have set their sights on. Being located in the middle of a highly posh neighbourhood of South Chennai, Adyar offers the perfect locale for a Nahar Group lifestyle residency project and will be one of the most sought-after real estate projects in Adyar in the near future.

NRI Buyers Guide

Who is a 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. organizations and officials deputed abroad by Central/State Governments and Public Sector undertakings on 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) for the purpose of certain facilities
Who is a person of Indian Origin?
For the purposes of availing of the facilities of opening and maintenance of bank accounts and investments in shares/securities in India. A foreign citizen (other than a citizen of Pakistan or Bangladesh) is deemed to be of Indian origin, if, - he, at any time, held an Indian passport, or - he or either of his parents or any of his grand parents was citizen of India by virtue of the Constitution of India or Citizenship Act, 1955 (57 of 1955).

Note: A spouse (not being a citizen of Pakistan or Bangladesh) of an Indian citizen or of a person of Indian origin is also treated as a person of Indian origin for the above purposes provided the bank accounts are opened or investments in shares/securities in India are made by such persons only jointly with their NRI spouses.

For investments 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, ) - he held an Indian passport at any time, or - he or his father or paternal grand-father was a citizen of India by virtue of the (Constitution of India or the Citizenship Act, 1955 (57 of 1955).
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?
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 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 NRE/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 general 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.
What is the procedure for seeking such repatriation?
Applications for necessary permission for remittance of sale proceeds should be made in form IPI 8 to the Central Office of Reserve Bank at Mumbai within 90 days of the sale of the property.
Can foreign citizens of Indian origin acquire or dispose of residential property by way of gift?
Yes. Reserve Bank has granted general permission to foreign citizens of Indian origin to acquire or dispose of properties up to two houses by way of gift from or to a relative who may be an Indian citizen or a person of Indian origin whether resident in India or not, subject to compliance with applicable tax laws.
Can foreign citizens of Indian origin acquire commercial properties in India?
Yes. Under the general permission granted by Reserve Bank properties other than agricultural land/farm house/plantation property can be acquired by foreign citizens of Indian origin provided the purchase consideration is met either out of inward remittances in foreign exchange through normal banking channels or out of funds from the purchasers' 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 they dispose of such properties?
Yes
Can sale proceeds of such property be remitted out of India?
Yes. Repatriation of original investment in respect of properties purchased by foreign citizens of Indian origin on or after 26th May 1993 will be allowed to be remitted up to the consideration amount originally remitted from abroad provided the property is sold after a period of three years from the date of the final purchase deed or from the date of payment of final installment of consideration amount, whichever is later. Applications for the purpose are required to be made to the Central Office of Reserve Bank within 90 days of the sale of property in form IPI 8.
Can the properties (residential/commercial) be given on rent if not required for immediate use?
Yes. Reserve Bank has granted general permission for letting out any immovable property in India. The rental income or proceeds of any investment of such income are eligible for repatriation.
Can NRIs obtain loans for acquisition of a house/flat for residential purpose from authorized dealers/financial institutions providing housing finance?
Reserve Bank has granted 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 non-resident Indian nationals for acquisition of a house/flat for self-occupation subject to certain conditions. The purpose of the loan, margin money and the quantum of loan will be at par with those applicable to housing loans to residents. Repayment of loan should be made within a period not exceeding 15 years out of inward remittances or out of funds held in the investors' NRE/FCNR/NRO accounts.
Can Indian companies grant loans to their NRI staff?
Reserve Bank permits Indian firms/companies to grant housing loans to their employees deputed abroad and holding Indian passports subject to certain conditions.
Can authorized dealer grant housing loan to non-residents of Indian nationality where he is a principal borrower with his resident close relative as a co-obligant/guarantor or where the land is owned jointly by such NRI borrower with his resident close relative?
Yes. However, in such cases the payment of margin money and repayment of the loan installments should be made by the NRI borrower.

Office Address

B-1, Mahalaxmi Chambers, 22, Bhulabhai Desai Road, Mahalaxmi, Mumbai - 400026.

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