COOPERATIVE RESIDENTIAL PROJECTS IN PUTTAPARTHY, INDIA

[Guest guest]

NOTE: Since this is about the projects under the democratic Cooperative

Institution started and going on for the economic benefit of Sai devotees with

the noble objectives of bringing the Housing Sector under 'Cooperative

Instituion' in Puttaparthy and aims for its planned delopment, this post is

allowed. Those interested may contact the Promoters directly. -

''.

Om Sri Sai Ram

COOPERATIVE RESIDENTIAL PROJECTS IN PUTTAPARTHY

Under Coordination of: SAI DARSHAN MUTUALLY AIDED CO-OPERATIVE TOWNSHIP HOUSING SOCIETY LTD. (Regd.)

'SAI DARSHAN MANOR' APARTMENTS

[Ground plus four floors; Ground floor exclusively for Ganesh Shrine, vehicle

parking, Communication office, Library, Quarters for Care Taker and Security

personnel].

THE 'ECONOMICS OF THE COST' OF APARTMENTS IN PUTTAPARTHY ARE NOW 'REDEFINED'

UNDER THE DEMOCRATIC CO-OPERATIVE INSTITUTION

LOVE ALL - SERVE ALL: HELP EVER - HURT NEVER

SERVICE TO HUMANITY IS SERVICE TO GOD - Baba

PUTTAPARTHY - the place BHAGAWAN SRI SATHYA SAI BABA chose for His Advent and

Mission of reestablishing Sanathana Dharma, Peace and Love on earth among

Humanity need no introduction today. The place evokes a strong bond of love and

spiritual solace in everybody. It is the Abode of Peace in every sense of the

description. It is the place where Dharma of every religious faith is

protected, nourished and propagated. It is the International Education, Health

and Universal Spiritual Center today.

The number of Sai devotees throughout the world is multiplying in geometrical

ratio day by day, as this Era has become SAI YUG and Sai ideals and teachings

are spreading throughout the world among the whole Humanity. Millions of

devotees visit Puttaparthy periodically. Many devotees nourish the desire to

have their own home in Puttaparthy where they can come and stay peacefully and

comfortably for some days during their active service time and if possible

permanently after retirement to drink the Divine nectar of the Divinity’s

Darshan, Sparshan and Sambashan and

live in peace.

In order to help such devotees in particular and the Society in general the

Co-operative Housing Society [first of its kind and the ONLY Housing

Cooperative Society promoted to bring the Housing Sector in Puttaparthy under

the noble and democratic Cooperative Institution] has been coordinating

residential projects on CO-OPERATIVE PRINCIPLES for providing gracious and

comfortable apartments at THE MOST ECONOMICAL AND AFFORDABLE COST [about 30

percent less than the prevailing rates].

NOTE: IN THIS PROJECT ALREADY GROUND PLUS THREE FLOORS HAVE BEEN COMPLETED.

SOME HAVE ALRADY STARTED LIVING IN THEIR UNITS. THE MEMBERS WHO HAVE BOOKED THE

UNITS ARE FROM VARIOUS PARTS OF THE WORLD LIKE INDIA, USA [California, Arizona,

Ohio, Boston, New York], CANADA, IRELAND, UK, AUSTRALIA, FIJI ISLAND, DUBAI,

ETC., MAKING THIS AS A PROJECT OF 'INTERNATIONAL SAI FRATERNITY'. THOSE

DESIRING A UNIT IN THIS PROJECT ARE REQUESTED TO BOOK THEIR UNIT IMMEDIATELY.

..

LOCATION:

This project is behind Prashanthi Nilayam Campus West Gate. It is set in

primarily PICTURESQUE SURROUNDINGS FREE FROM CONGESTION, NOISE AND BUSTLE of

the town in close proximity to Prashanthi Nilayam at a distance of EXACTLY ONE

KILOMETER from Gopuram.Airport, the Super Specialty Hospital and the Railway

Station are just at three minutes drive distance. Elegant and functional 'SAI

DARSHAN MANOR', comprises of single, double and three bedrooms luxurious

apartments. Large windows overlooking peaceful rural greenery, trees, hills,

lake, Prashanthi Nilayam and its surroundings, abundance of light and pollution

free fresh air will make the living in 'SAI DARSHAN MANOR', cheerful, pleasant

and peaceful.

The road opposite the project has been widened to 60 feet with asphalting and

streetlights. Swami's project for providing homes to poor widows and orphan

children and the school for them is just in front of the SAI DARSHAN MANOR. The

Tamarind Trees Park in front is proposed to be converted into a beautiful Park

add to the healthy surroundings. Two 60 feet direct roads from this place

already approved would lead to the Super Specialty Hospital and Railway

Station, which will reduce the distance from Puttaparthy to these places and

Kotha Cheruvu from 15 kms to just 5 kms. With all these SAI DARSHAN MANOR

Apartments is poised to become a LANDMARK in Puttaparthy since it is at the

major junction.

RATE PER FLAT:

Rs. 3.15 Lakh (US $ 7600) for single B/R unit - 525 sft.Rs. 4.50 Lakh (US $

10500) for double B/Rs unit - 670 sft.Rs. 6.30 Lakh (US $ 15200) for three B/Rs

unit - 1050 sft.

[The above costs are 30 to 35 percent LESS than the prevailing rates for

apartments in Puttaparthy. Dollar rate will vary according to the exchange

rate]

PAYMENT SCHEDULE: Rs.100000/- (US $ 2350) for booking the unit and the balance

can be paid in two/three monthly installments.

SPECIFICATIONS AND AMENITIES IN THESE PROJECTS:

The Apartment buildings are of RCF frame structure. The walls comprise of 6"

solid concrete blocks for all external and main partition and 4" solid concrete

blocks for all internal partition walls with two coats in Cement mortar with the

following specifications and amenities:

* Entrance and lobby with Marble flooring;

* Doors with Wood frames and Flush shutters and windows with three channel

aluminum frames with glass shutters;

* Ceramic tiles flooring in Living and bedrooms, fans, loft and Wardrobe niche;

* Kitchen with polished granite platform, stainless steel sink and drain board and utility area;

* Bath with Ceramic tiles flooring and 6’ height glazed tile dadooing;

* Concealed copper electrical wiring with quality switches and TV/telephone points;

* Quality sanitary fittings with western type commode and one washbasin for each Flat;

* Internal walls with superior OBD and cement based paint for exteriors;

* 24 hours water supply from overhead tank supplemented by bore well and Panchayat water supply ;

* Adequate car parking in Ground floor and open area with garden and lawn;

* Permanent Caretaker-cum-Cook, Security and Maintenance arrangements;

* GANESH SHRINE, Library and Meditation Hall and

* In house STD/Fax/Internet, etc., communication facilities.

NO APARTMENTS IN PUTTAPARTHY HAVE ALL THESE FACILITIES AND AMENITIES

For more details please visit our website or contact:

SAI DARSHAN BUILDERS, Sai Vishal Residency, Chitravathi Road, Prashanthi Nilayam

P.O., PUTTAPARTHY - 515 134. Andhra Pradesh, India. Phone: +91-08555-287122,

289878, 289879. Mobile: +91-09849108652, +91-09440889641, +91-09441082276

Bangalore: Phone: +91-080-28600744. Mobile: +91-09448236672

E-Mail: saidarsn (AT) sancharnet (DOT) in (OR) saidarshansociety2000

Website: http://saidarshanmanor.tripod.com

SUPPORT AND ENCOURAGE CO-OPERATIVE INSTITUTION FOR EVERYBODY'S BENEFIT

Reserve Bank of India guidelines on

INVESTMENT IN IMMOVABLE PROPERTY by NRIs

[Extract of the RBI booklet]

Question and Answers

Q. Do Non-Resident Indian citizens require permission of Reserve Bank to

acquire residential/commercial property in India?

A. No.

Q. Do foreign citizens of Indian origin require permission of Reserve Bank

to purchase immovable property in India for their residential use?

A. 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.

Q. In what manner the purchase consideration for the residential immovable

property should be paid by foreign citizens of Indian origin under the general

permission?

A. 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 bank in India.

Q. 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.

A. 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.

Q. Can such property be sold without the permission of Reserve Bank?

A. 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.

Q. Can Immovable property held in India, be transferred by way of gift to

relatives/registered charitable trusts/Organisations in India?

A. Yes. General permission has been granted by Reserve Bank to non-resident

persons (foreign citizens) of Indian origin to transfer by way of gift the

immovable property held by them in India to relatives and charitable

trusts/Organizations subject to the condition that the provisions of any other

law, including Foreign Contribution (Regulation) Act, 1976, as applicable are

duly complied with.

Q. Can they dispose of such properties?

A. Yes.

Q. Can the properties (residential/commercial) be given on rent if not

required for immediate use?

A. 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.

CITIZENS OF OTHER NATIONS: Regarding citizens of other Nations (i.e. other than

NRIs), they also can buy immovable property for residential purpose with the

permission of Reserve Bank of India. Only thing is that they cannot repatriate

the sale proceeds of such properties. For NRIs the procedure is very simple.

For non-NRIs the procedure will take little more time.

Sai Devotees interested in this Apartment Project may please book their

apartments at the earliest [since the prices are being revised in view of the

increase in cost of construction materials after the Budget] to avail the

opportunity and economic and price benefits.

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