Investing in Indian real estate from thousands of miles away can feel daunting, but in 2025, technology and streamlined regulations have made “remote acquisition” a reality. For Non-Resident Indians (NRIs), the desire to stay connected to their roots often leads them back to the thriving corridors of Tamil Nadu. Specifically, the high-demand near Padalam Junction plots have become a focal point for those seeking long-term wealth.
If you are an NRI looking to secure a future in Growth town, this step-by-step guide will simplify the journey from your current country of residence to owning a piece of VIP’s Growth town.
Step 1: Financial Readiness and Compliance
Before you shortlist premium villa plots, ensure your financial pipes are connected to India.
- KYC & PAN: A Permanent Account Number (PAN) is mandatory for property registration. Ensure yours is active.
- NRI Bank Accounts: All transactions for Growth town Padalam must be routed through NRE (Non-Resident External), NRO (Non-Resident Ordinary), or FCNR accounts. FEMA regulations strictly prohibit the use of foreign currency or traveler’s cheques for property purchases.
Step 2: Virtual Site Tours and Digital Due Diligence
In the age of digital transparency, you don’t need to fly down to see Growth town. VIP Housing and Properties offers high-definition virtual tours and drone footage of the 8.6-acre site.
- Verify RERA & DTCP: Check the TNRERA website to confirm that Growth town is fully compliant.
- Legal Scrutiny: Hire a property lawyer to review the title deeds. One of the biggest advantages of community plots in a VIP project is the 15-year legacy of clear titles and transparent documentation.
Step 3: The Power of Attorney (PoA)
Since you are acquiring property remotely, you will likely need a trusted representative in India (a friend or relative) to handle the physical signatures.
- Executing the PoA: You must draft a “Specific Power of Attorney” solely for the purchase of your premium villa plot. This document must be notarized in your country of residence and attested by the Indian Consulate/Embassy before being sent to India for adjudication.
Step 4: Booking and Allotment
Once you’ve chosen your specific plot—ranging from 600 sqft to 3345 sqft—the formal process begins.
- Payment Schedule: Pay the booking amount through your NRE/NRO account. VIP Housing will then issue an allotment letter.
- Agreement for Sale: The draft agreement, detailing the price and infrastructure commitments (like the 30/40ft blacktop roads and solar street lights), will be shared digitally for your review.
Step 5: Registration and Possession
The final step is the execution of the Sale Deed at the Sub-Registrar’s office near Padalam.
- The PoA in Action: Your PoA holder will represent you at the registrar’s office.
- Registration Costs: Budget for stamp duty and registration fees, which are standard state-levied charges. Once the deed is registered, the original documents will be kept in safe custody or sent to you via secure courier.
Why NRIs Choose Growth Town Padalam
The “Growth Dividend” of the GST Road is a major draw for the diaspora. Growth town Padalam isn’t just a residential project; it’s a strategic asset. Its proximity to Mahindra World City and the educational hubs around Chengalpattu ensures high rental demand and steady capital appreciation. For an NRI, community plots offer a “lock-and-leave” security that individual standalone plots often lack.
Conclusion
Remote acquisition is no longer a complex hurdle; it is a streamlined system designed to bring the Indian diaspora back to the soil. By following this guide and partnering with a stalwart like VIP Housing and Properties, you can secure a premium villa plot in Growth town with absolute peace of mind. Whether it’s for a future retirement home or a high-ROI investment, near Padalam Junction plots are the gateway to a truly enriching life in India.