ACE Parkway 2.0 · Sector 150 Noida

NRI Corner — Buying ACE Parkway 2.0 from Abroad

Non-resident Indians make up a meaningful share of enquiries at ACE Parkway 2.0 — drawn by an established Noida-proper address, a developer with a delivered track record in the same sector, and the pull of the newly operational Jewar airport. This page is a set of practical pointers for buying remotely; it is not tax or legal advice. For the full NRI process — documentation, remittance rails, and tax planning across projects — see Vidastu's NRI hub at vidastu.com/nri.

ACE Parkway 2.0 at a Glance

Why Sector 150 Draws NRI Interest

Sector 150 is widely regarded as Noida's greenest, lowest-density sector — sitting at the confluence of the Noida–Greater Noida Expressway, Yamuna Expressway and FNG corridor, with the Aqua Line metro's Sector 148 terminus around 3–4 km away and Noida International Airport, Jewar, now operational and roughly 40–45 minutes by road. For NRIs who value an established, walkable Noida address over a still-forming corridor, and want a shorter international-airport commute than Delhi's IGI on visits home, this combination is the draw.

How NRIs Typically Buy — Remotely

1. Video walkthrough & documentation: A Vidastu consultant conducts a live video call covering the site, floor plans and indicative cost sheet, and shares KYC/documentation requirements over WhatsApp or email.
2. Power of Attorney (POA), where used: Many NRIs execute a registered POA in favour of a trusted representative in India to handle in-person steps such as document signing and site visits. [[CONFIRM: current POA execution/attestation requirements for NRI buyers at the Indian embassy/consulate vs. in India, and any project-specific POA format ACE Group requires]] — get this confirmed with your lawyer and with Vidastu before executing any POA.
3. Funding the EOI and instalments: Payments are typically made from an NRE, NRO or FCNR(B) account, consistent with FEMA rules for property purchase by NRIs/OCIs. Confirm with your bank which account suits your remittance plans, since repatriability differs between NRE and NRO funds.
4. Booking & Agreement for Sale: As with resident buyers, the EOI only registers pre-launch interest. Formal booking, allotment and the Agreement for Sale follow at launch, at the registered price — nothing is committed at EOI stage, and it is fully refundable.

Tax & Repatriation — Pointers Only

These are general awareness pointers under current Indian tax and FEMA rules, not advice for your specific situation — always confirm with a chartered accountant before transacting:

• TDS on future resale: If you buy property from an NRI seller, Section 195 applies (no ₹50 lakh exemption floor, unlike the resident-seller rule). This becomes relevant to you as an NRI seller if you resell your ACE Parkway 2.0 unit later, rather than at your initial purchase from the developer.
• Capital gains rate: Since the 2024 Budget change, long-term capital gains on Indian property are taxed at 12.5% (plus surcharge and cess) without indexation benefit — materially different from the older 20%-with-indexation regime that some older guides still quote. Confirm the current rate and any applicable exemptions (e.g., Section 54F, for reinvesting gains from another long-term asset into one residential house) with your CA at the time of any future sale.
• Repatriation: Sale proceeds can generally be repatriated up to USD 1 million per financial year from an NRO account (net of TDS), via Forms 15CA/15CB, for up to two residential properties under this route. Property bought with inward remittance/NRE funds can typically be repatriated more freely. Confirm current limits with your bank.

For a fuller walkthrough of the end-to-end NRI process across projects, see vidastu.com/nri.

EOI from Abroad — What Happens Next

Once you're ready to register interest: WhatsApp or call Vidit Kaushik with your preferred configuration and time zone for a video call. We'll walk you through floor plans and the current indicative cost sheet, confirm your preferred funding route (NRE/NRO/FCNR), and process the ₹10 lakh EOI — fully refundable, and not a booking or allotment — once you're ready. For the detailed indicative price sheet, see ace-parkway2.com; if you'll be visiting India in person, a site visit can be arranged via bookaceparkway.com.