L&T Elara Celestia for NRI Investors – Key Benefits & Legal Aspects

Investing in Indian real estate has always been a lucrative option for NRIs, and L&T Elara Celestia in Hebbal, Bengaluru, offers an excellent opportunity for high returns. With its strategic location, premium amenities, and strong rental demand, this project is a perfect fit for NRI investors seeking capital appreciation, passive income, and long-term security. Below is a detailed breakdown of the key benefits and legal aspects for NRIs investing in L&T Elara Celestia.

Prime Location & High Growth Potential

L&T Elara Celestia is located in Hebbal, one of North Bengaluru’s most sought-after real estate hubs, offering close proximity to IT parks, business districts, and premium lifestyle destinations. The demand for residential properties in this region is consistently rising, ensuring long-term value appreciation for investors. The project is well-connected via Hebbal Flyover, Bellary Road, and Outer Ring Road, making it an ideal choice for tenants working in Manyata Tech Park, RMZ Latitude, and Kirloskar Business Park. Its connectivity to the Kempegowda International Airport further enhances its investment potential. Upcoming infrastructure projects, including the Hebbal Metro Station (Phase 3), Peripheral Ring Road (PRR), and Airport Expressway, will significantly boost real estate prices in this region, making now the perfect time to invest. L&T Elara Celestia’s close proximity to Phoenix Mall of Asia, top international schools, and world-class hospitals ensures high livability standards, increasing its demand among corporate professionals and expatriates. Bengaluru has one of India’s highest rental demand markets, and Hebbal, in particular, is known for low vacancy rates. This makes L&T Elara Celestia an excellent option for NRIs looking for stable rental income and capital appreciation.

Strong Rental Yield & Passive Income Potential

With Bengaluru being a top destination for IT professionals, NRIs investing in L&T Elara Celestia can expect rental yields of 4-6% per annum, making it one of the most lucrative investment options. Corporate tenants, expatriates, and senior executives prefer luxury apartments with modern amenities, ensuring continuous rental demand. The limited 630-unit inventory makes this project an exclusive rental property in high demand. Unlike standalone houses that require high maintenance, gated communities like L&T Elara Celestia offer hassle-free rental management services, making it easier for NRIs to lease out their property remotely. NRIs investing in Bengaluru properties can also benefit from rental income tax exemptions, allowing them to claim deductions on municipal taxes, maintenance charges, and home loan interest, increasing net rental returns. Compared to other global real estate markets, Indian rental laws favor landlords, making tenant eviction and rental agreements more investor-friendly than in Western countries, providing additional security for NRI investors.

Capital Appreciation & Long-Term Wealth Growth

Properties in Hebbal have historically appreciated by 10-12% annually, and L&T Elara Celestia, with its premium features and infrastructure developments, is expected to outperform market averages. Bengaluru’s continuous expansion as an IT and startup hub ensures that demand for luxury apartments will remain high, pushing property values upward in the coming years. Government projects like the Bengaluru Suburban Rail, metro expansion, and PRR connectivity will drive massive appreciation in North Bengaluru, significantly increasing resale value for early investors. The luxury segment in India is gaining traction among high-net-worth buyers, making properties like L&T Elara Celestia attractive for resale even in competitive markets. NRIs can expect substantial returns within 5-7 years. Unlike investments in gold, stocks, or mutual funds, real estate provides a tangible, appreciating asset, giving NRIs a sense of security while ensuring wealth accumulation over time.

Easy Financing & Home Loan Options for NRIs

NRIs can avail home loans from leading Indian banks such as SBI, HDFC, ICICI, and Axis Bank, making it easier to finance their investment in L&T Elara Celestia with attractive interest rates. The RBI’s FEMA (Foreign Exchange Management Act) guidelines allow NRIs to take home loans in Indian rupees, ensuring lower interest rates compared to international loan options. NRIs can repay their loans through NRE (Non-Resident External) or NRO (Non-Resident Ordinary) accounts, making the payment process seamless and well-integrated with their financial planning. Banks offer 80-85% loan-to-value (LTV) ratios for NRI home loans, ensuring that investors can maximize leverage and enjoy tax benefits while purchasing high-value properties like L&T Elara Celestia. Online banking and digital loan approvals have made the home loan process smoother for NRIs, enabling them to apply, track, and manage their home loans remotely without requiring physical presence in India.

Legal Framework & FEMA Guidelines for NRI Investment

NRIs are allowed to invest in residential and commercial real estate in India without requiring prior RBI approval, making it an easy and transparent process. As per FEMA regulations, NRIs can purchase properties using funds from their NRE, NRO, or FCNR (Foreign Currency Non-Resident) accounts, ensuring smooth and legally compliant transactions. Property transactions for NRIs must be conducted in Indian Rupees, and payments must be routed through Indian banks using normal banking channels, preventing any legal complications. NRIs are required to execute sale agreements and registrations under Indian property laws, ensuring that all transactions are legally documented and protected. L&T Realty provides complete assistance with this process. Rental income earned by NRIs is subject to taxation in India, but they can avail various deductions under Section 24(b) of the Income Tax Act, reducing tax liabilities on interest payments and rental earnings.

Repatriation of Funds & Selling Property as an NRI

NRIs can repatriate up to $1 million per financial year from the sale proceeds of an Indian property, ensuring easy fund movement across international borders. Capital gains earned on selling property in India are subject to long-term capital gains tax (LTCG), but NRIs can claim exemptions under Section 54 and 54EC by reinvesting in other real estate or tax-saving bonds. If an NRI sells a property after holding it for more than two years, they qualify for indexation benefits, significantly reducing tax liabilities compared to short-term holdings. Banks and financial advisors in India assist NRIs with TDS (Tax Deducted at Source) clearance and repatriation approvals, ensuring a smooth transfer of sale proceeds abroad. Selling property to another NRI or resident Indian is legally straightforward, as Indian real estate laws allow seamless transactions without additional government permissions.