Owning in Sobha Parqcity from abroad: an NRI guide to Hennur, North Bengaluru
1, 2, 3 & 4 BHK · Price on Request
Updated on
Sobha Parqcity sits on Hennur–Bagalur Main Road in Chikkagubbi Village, North Bengaluru, and was earlier referred to as Sobha Hennur. The project is presented to non-resident buyers as a residential address from Sobha Limited, a developer headquartered in Bengaluru. For a buyer living abroad, the first question is legal eligibility, and Indian law permits this purchase without prior RBI approval. This page sets out how the process works, from the funding route to remote booking.
Buyers living overseas usually weigh three things first: how the money reaches India, who signs on their behalf, and how the proceeds can return later. Sobha Parqcity spans configurations from a 1 BHK of 750 sq ft to a 4 BHK Grande of 2,800 sq ft super built-up area, which gives NRI families a wide range of options for own use or letting. The sections that follow cover each of these steps in practical terms.
NRIs and OCIs can buy a home in India without RBI approval, but not agricultural land, plantation property or a farmhouse. Payment must come through normal banking channels — money sent from abroad, or from an NRE, NRO or FCNR account in India; it cannot be paid in foreign currency or traveller's cheques. A home loan from an Indian bank is also open to NRIs.
On tax: when buying from a developer, the buyer deducts 1% TDS if the value is Rs 50 lakh or more. If you sell later, your buyer deducts TDS at the higher NRI rates. Sale proceeds of up to USD 1 million a year can be sent abroad from an NRO account with the right papers, so plan the route early.
Sobha Parqcity invites non-resident buyers to begin the process from abroad with the right documents in place. Our channel partner team can help map the funding route, the power of attorney format and the repatriation plan for your situation.
| Configuration | Size | Starting Price |
|---|---|---|
| 1 BHK Compact single-bedroom home suited to working professionals and single occupants or tenants. | 750 sq.ft. | On request |
| 2 BHK Luxe Two-bedroom plan for couples and small families who value efficient, well-ordered living space. | 1050 sq.ft. | On request |
| 2 BHK Grande Roomier two-bedroom layout with generous living and dining proportions for everyday comfort. | 1250 sq.ft. | On request |
| 2 BHK + Home Office Two bedrooms plus a dedicated home office, suited to owners who work remotely from India. | 1350 sq.ft. | On request |
| 3 BHK Luxe Three-bedroom family residence with efficient circulation, suited to growing households and long-term residents. | 1530 sq.ft. | On request |
| 3 BHK Grande Spacious three-bedroom home for larger families, multigenerational living and long-term residence. | 1840 sq.ft. | On request |
| 4 BHK Lux (3 baths) Four-bedroom residence with three bathrooms for large households seeking space and privacy. | 2200 sq.ft. | On request |
| 4 BHK Grande (4 baths) Four-bedroom home with four bathrooms and generous living areas for family and guests. | 2450 sq.ft. | On request |
| 4 BHK Grande (4 baths) The largest four-bedroom plan, with four bathrooms and expansive space for multigenerational families. | 2800 sq.ft. | On request |
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Earlier marketed as SOBHA HENNUR, SOBHA HENNUR TOWNSHIP and SOBHA PARK CITY.
Location: Chikkagubbi · Bangalore