Gurgaon Property Consulting Firm Helps Clients

Residential & Commercial
Property Consulting

Gurgaon, Delhi NCR - India

Brand ‘Varenyaa’

The word ‘Varenyaa’ is derived from the auspicious Gayatri Mantra. The literal
meaning of the word signifies: the one who is ‘Praiseworthy’ or ‘The Best Among All’.

At Varenyaa Properties Pvt. Ltd., we aim to enliven this precise meaning of our brand
name in every aspect of our work.
We resolve that:
• We shall excel at building strong customer relationships based on superior service,
trust and transparency.
• We shall forge mutually beneficial relationships with our business partners,
associates, channel partners and vendors.
• We shall strive to build lasting friendships with our colleagues at work, and carry
the same compassion, warmth and energy into our daily work

© Varenyaa Properties Pvt. Ltd. All Rights Reserved. www.varenyaa.com 2

The Market Scenario

India is amongst the fastest growing economies in the
world and with a burgeoning middle class, the economy
promises to continue this scorching pace and generate
wealth for the prudent investor.

It is interesting to note that as per one study, India has
the worlds largest number of ‘High Net-worth
Individuals’ and adding scores to the tally every year. At
the same time, with rising incomes and affordability,
there are millions of Indians buying their first homes.

It is only logical that real estate as an asset class has
outperformed all other asset classes, including gold, in
the past few years. There are compelling reasons to
believe that this trend is set to continue given the huge
demand for housing, offices & commercial spaces.


Key Growth Markets

It is nothing more than a myth that India is an agrarian economy. In
fact, the services sector now accounts for more than 55% of GDP
while the share of agriculture is down to less than 15% of GDP!

There is a migration of workforce from the villages and towns to
cities in large numbers, and this has meant that the need for
housing and employment in the urban areas is un-quenching.

Even to this day however, there a few centers of economic activity
that attract the largest capital. The top few cities in India account
for the lions share of all capital activity, and Delhi NCR surely
occupies one of the top slots.

More particularly Gurgaon, with its proximity to the airport and the
presence of the world’s largest corporations, has shown
tremendous growth in population, skilled workforce and demand.


The Millennium City

India’s millennium city Gurgaon has a lot going for it.

• 300 of the Fortune 500 companies have a corporate presence
in Gurgaon
• Almost all of Haryana’s IT/BPO business resides here
• More than 25 shopping malls are already operational
• 7 Golf courses are in various stages of commencement
• Top brands including Louis Vuitton, Chanel, Mercedes Benz,
Audi to name a few, are raking in big bucks
• More than 75% of all FDI for Haryana flows into Gurgaon
• India’s first private metro rail is being built here

Little surprise then that Varenyaa Properties decided to set up
base in Gurgaon to cater to the ever growing demand for truly
professional real estate services!


Connectivity Gurgaon

It is interesting to know that everyday, more people travel from
Delhi to Gurgaon for work than vice versa!

• Gurgaon is located about 15 KMs south of Central Delhi
• Less than 10 KMs from the Delhi International Airport
• Less than 10 KMs from Qutub Minar
• An eight lane expressway connects Delhi to Gurgaon
• A six lane road connects Faridabad to Gurgaon
• Delhi Metro ferries thousands of people to Gurgaon everyday
• Multiple entry points to Gurgaon make the commute easier

Many families are even migrating from Delhi to Gurgaon for
better lifestyles in a metropolitan culture, cut down on travel
time, larger living spaces and career opportunities!


Gurgaon Real Estate Trends

With over 2 million residents, up from just a few thousands two decades ago, it is no
surprise that real estate in Gurgaon has seen tremendous growth – both in terms of
quality of housing as well as capital values. If fact, Gurgaon real estate is perhaps the
highest growth market in the country.

Consider this; as per one of the recent reports by NDTV, residential properties in
Gurgaon have given spectacular returns in the past two years (2010 – 2012).

• Affordable segment properties appreciated 35% in Gurgaon as against 24% in Noida
• Mid segment properties appreciated 44% in Gurgaon as against 8% in Noida
• Luxury properties appreciated by as high as 76% in Gurgaon as against 10% in Noida

This is clear testimony to the fact that even within the NCR, there are locations that
have displayed higher returns than the others. It is only logical then to extrapolate this
to state that some pockets in Gurgaon would give better returns than others.

Source: NDTV Telecast, refer youtube video at http://www.youtube.com/watch?v=ykLdRGFpbzs


Introduction - Varenyaa Properties

‘Small differences in initial conditions can yield widely diverging outcomes’

Varenyaa Properties is a professionally run real estate brokerage focused on the
Gurgaon market. We are a research driven organization that believes in
‘understanding’ the market and helping align our clients’ investment objectives to
drive superior returns.

• First up, we assure a non-intrusive but constructive dialogue to
understand the objectives – be it the consideration to purchase a to-be
home or an investment/divestment.
• Second, our internal processes are geared towards ensuring a systematic
approach based on reasonably predictable course of events that shall
help our clients make informed decisions.
• Third, we treat our first interaction with our clients to be just the
beginning of a long relationship and we work hard towards ensuring a
happy experience.


Analysis Based Advisory

Buying real estate is a fairly complex activity. Most buyers would rely on advice from
family & friends on what to buy who unfortunately may not be the best informed
source as well! Honest advise from a reliable source is key to buying what you need.

Decision to buy a Micro Market
Neighborhood
Macro Trends Physical
property purely on the Activity
Infrastructure
basis of project
specifications is fraught Upcoming
Developer
with avoidable risks. Profile &
Project Scope /Existing
& Positioning Social
Careful research and Credentials
Infrastructure
judicious analysis can
lead to superior decision Scope for
Upcoming
/Existing
making and sound Key Distances Future
Projects in
Development
investments. Neighborhood

Leave the research to us, Team Varenyaa shall do all needed to get you the best advice!
© Varenyaa Properties Pvt. Ltd. All Rights Reserved. www.varenyaa.com * Illustrative depiction 9

Our Value System & Approach

The team at Varenyaa has lineage in Banking and Management Consulting besides
Real Estate. This background gives us the unique position to approach real estate
consulting with a structured approach.

The organization is run on robust processes geared towards building strong, trust-
based relationships with our clients. As part of the real estate sector, unfortunately
not really known for fair-dealing thanks to a few undesirable elements, Varenyaa
Properties Pvt. Ltd. stands tall as an honest and transparent consultant, working
towards the best interests of our clients.

• Seasoned professionals with impeccable backgrounds
• Process driven approach ensures we tick all the boxes
• Structured approach to investment advise
• Transparent and fair dealing
• Hassle free experience


NRI / PIO Investors - Acquisition

We shall try to address a few key questions often faced by NRIs (Non Resident Indians)
& PIOs (Persons of Indian Origin) looking to take part in the Indian real estate story.

Important Points
• Permitted to purchase any number of residential and commercial properties in India. Not
permitted however to purchase plantation/agricultural/farm house properties
• Permitted to sell/gift their residential / commercial properties to an NRI/PIO or a person
resident in India
• Can fund the purchase from (a) remittances to India or (b) funds held in NRE / FCNR(B) / NRO
account held in India
• Can avail housing loans in India for purchase of a residential property
• Repayment of a housing loan can be
– By way of inward remittance through normal banking channels
– By debit to the NRE/FCNR(B)/NRO account of the NRI/PIO
– Out of rental proceeds from such property
– By the borrower’s close relatives through their account in India

Source: RBI Website - http://www.rbi.org.in/scripts/FAQView.aspx?Id=33#D1
© Varenyaa Properties Pvt. Ltd. All Rights Reserved. www.varenyaa.com * Please consult a qualified advisor for complete details 11

NRI / PIO Investors - Maintenance

Acquisition of a property in India is only the first step; maintenance of such property
also throws up some questions that are useful to be aware of.

• NRIs/PIOs can rent out their property in India; there is no explicit permission
required from the reserve bank
• Rental receipts can be credited to the NRO account or even remitted abroad subject
to a limit of USD 1 Million per financial year
• NRIs/PIOs can continue to hold a property (including plantation/agricultural/farm
house properties) even if the property was acquired as a resident Indian. The
receipts from such property can also be remitted abroad from an NRO account
subject to limit of USD 1 Million per financial year


NRI / PIO Investors - Repatriation

It is important to be aware of the provisions for repatriation of funds from sale of the
property even before an NRI/PIO may acquire such property in India
A) In case of a property acquired out of FOREIGN FUNDS i.e. inward remittances, repatriation of
such proceeds may be permitted provided:
(i) the immovable property was acquired in accordance with provisions of the law in force;
(ii) the amount to be repatriated does not exceed:
- amount in foreign exchange paid for acquisition received through banking channels, or
- amount paid out of funds held in Foreign Currency Non-Resident Account, or
- foreign currency equivalent of the amount paid where such payment was made from the funds
held in Non-Resident External account for acquisition of the property; and
(iii) in the case of residential property, repatriation is restricted to not more than two such properties.
B) In case of a property acquired out of RUPEE FUNDS and/or loan is repaid by close relatives in
India, the amount, including any capital gains, can be credit to NRO account.
(i) repatriation of such funds up to USD 1 Million per financial year is permitted.
(ii) documentary evidence supporting the acquisition & tax clearance / NOC from the Income Tax Dept

There is no lock in period for sale of immovable property or repatriation of sale proceeds

Our Services

Varenyaa Properties is in the business of consulting for real estate related services
with a primary focus on GURGAON and the rest of Delhi NCR, India

Residential Commercial Leasing
Sales Sales Services
• Original • Original • Corporate
Bookings Bookings Leasing
• Secondary • Secondary • Ultra-Luxury
Market Resale Market Resale Residential

We are confident that our assurance of top notch service levels in every
interaction shall hold your attention and give us an opportunity to serve you!


On our website…

At Varenyaa Properties, we seek to cater to our clients on the basis of sound advice
and knowledge sharing. Visit our website to access a wealth of information and tools,
geared to help you make an informed decision.

Knowledge & Information Tools & Calculators

Details of
NRI Area EMI
Select Calculator Calculator
Services
Projects

Loan
Home Gurgaon Currency
Amort
Loans City Map Converter
Chart

We are confident you shall find our website insightful. Please feel free to ‘Post Your
Property’ or ‘Post Your Requirement’. Do consider subscribing to our ‘Real Estate Alerts’.

Contact us to discover more! We look forward to hear from you!!

OFFICE:
201B, 2nd Floor, Corner Office,
Unitech Arcadia,
South City - 2, Sector 47,
Gurgaon, India – 122018

CONTACT:
+91 124 - 4212 933
+91 124 - 4212 934
info@varenyaa.com

VISIT:
www.varenyaa.com

16

Gurgaon Property Consulting Firm Helps Clients

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