Crafting exclusive lifestyles
Instituted in 1995, JP Infra thrives to deliver quality real estate projects in the commercial and housing sector. Having an extensive portfolio in commercial, retail, residential complexes, and SRA projects- JP Infra has established benchmarks, and set new standards in the real estate industry.
JP Infra is a multi-faceted real estate development organisation with a pedigree of creating high-end developments, including vast residential complexes, malls and commercial infrastructure.
The firm is backed by promoters who have extensive experience and expertise in the Indian real estate market and is supported by a skilled and professional management team. Our projects are characterised by superlative design, cutting edge project management and specialised financial management capabilities.
To craft spaces which transform life & make a substantial difference to customers, stakeholders, and the Indian society at large, while protecting the environment.
To constantly craft superlative and enduring projects in the real estate industry by unsurpassed excellence and expertise in planning, designing and execution.
For us, real estate is about 'visioneering' - envisioning and precisely defining customer requirements and then engineering them into reality by using our capabilities to ensure excellence at every step of the way.
Our expertise & experience in the industry has given us the unique ability to pick and invest in the right land opportunities to ensure the best return on our investments. This ability is fuelled by our astute understanding of the Indian market.
Land acquisition approach is guided by the clear objective of investments and developments from an enduring perspective, which means fore-sighting BEYOND CONSTRUCTION and focusing on building and sustaining an advancement in lifestyle and our society.
This is followed by a finely tuned and precise designing and engineering process which ensures customer-centricity and the creation of the facilities and amenities that combine the best of functionality and aesthetics, also taking into account bespoke requirements in residential & commercial construction.
At this point, our experienced project management team takes over to ensure quality implementation of our design and development plans. The team synergises the entire process, from procuring the best raw materials, resource allocation, budgeting, scheduling and time management. The team uses state-of-the-art project management tools and techniques to deliver quality on time, every time.
And the most important part is our commitment to ensure that all our projects are delivered on time, complete with the right approvals, specifications and documentation, right up to the last detail. This meticulous process means that our customers do not waste any of their valuable time and effort in ensuring delivery, and that they can then put their spaces to productive uses, almost as soon as they are ready.
Board Of Director's
Mr. Vijay Jain
Mr. Vijay Jain is a commerce & Law graduate, and a first generation entrepreneur who heads JP (Mumbai) Group. He started his career with textiles trading and swiftly went on to head a group with diversified interests in Real Estates in India. He brings vision, perseverance and hands on business empire creation experience. Under his dynamic leadership, he has initiated the group’s efforts towards creating special niche in Real Estate. He has over two decades of experience and has been associated with the Company since its inception as promoter.
Mr. Shubham Jain is a post graduated in Construction Management from New York University (United States of America). He holds a degree in Civil Engineering from Mumbai University and is also a member of the Construction Management association of New York (U.S.A) since 2010. He is a young, dynamic individual & is a firm believer in setting and achieving high standard for construction and takes safety seriously.
A vision to pioneer urban development
JP Infra’s plans involve setting new benchmarks in quality infrastructure, an advanced skyline, and sustainable living which will aid & propel the development of urban areas.
Having a commendable presence in Maharashtra, Gujrat & Karnataka, the company aims to develop projects in majority of Tier I & II cities of India.
The firm aims to develop landmark properties which will offer an exclusive lifestyle to those who dwell in them.
Can I Get my House financed?
Yes, all JP Infra projects are approved with most leading banks and financial institution for availing home loans.
How much loan can I avail?
You can avail a maximum loan of 80% of the Agreement value. However your loan amount may differ as per your income eligibility as approved by the bank. All loans are at the sole discretion of the bank.
What is the term of the loan that bank offers?
The term usually offered by bank and financial institutions varies from 10 years to 25 years.
Basic Documents required for Home Loans?
- Documents required for self-employed persons:
- Updated pass book or photocopy of the applicant’s statement of accounts for the last 6 months
- A photocopy of the applicant’s ration card
- A profile of the applicant’s business mentioning at least the nature of the business, client list, suppliers, employee strength, geographical spread, etc.
- In the case of a business partnership a copy of the partnership deed, 3 years P & L a/c, B/S, computation of income certified by a CA and individual computation of income and tax returns for last 3 years is required
- In the case of a proprietor or professional 3 years P & L a/c, B/S, computation of income certified by a CA and an income tax return file statement for 3 years is required
- If the company applying for a loan is a Pvt. Ltd. a remuneration certificate, the board resolution for fixing remuneration, the company's annual report and individual IT returns for last 3 years is required
- Documents required for employed persons:
- Latest salary certificate or the original slip
- A photocopy of Form no.16 A (TDS Form) from the applicant’s employer
- The original certificate from the applicant’s employer for any other allowances that are not reflected in the applicant’s salary slip
- A photocopy of the applicant’s updated bank pass book or a statement of the applicant’s accounts for last 6 months
- A photocopy of the applicant’s voter I.D. card or the applicant’s company I.D. or the applicant’s passport/ ration card
- A passport size photograph of the applicant & co-applicant.
What is the procedure for disbursement?
The loan will be sanctioned after the selection of property and submission of the required legal documents. The process might take some time as each document needs to be verified for the safety of the applicant. The 230 A Clearance of the seller and / or 37I clearance from the appropriate income tax authorities (if applicable) is also needed. Once the above has been submitted and verified, the registration of the conveyance deed and investment of the applicant's own contribution and the loan amount will be disbursed by the bank. The disbursement will be in favor of the builder.
- Documents required for disbursement:
- Loan agreement
- Disbursement requests
- Post-dated cheques
- Personal guarantors documents.
What is TDS on Property?
The Finance Bill 2013, effective 1st june 2013, has proposed that purchaser of an immovable property (other than rural agricultural land) worth Rs 50 lakh or more is required to pay withholding tax at the rate of 1% from the consideration payable to a resident transferor. According to rules in respect of tax deducted at source, buyer of the property would have to deduct the TDS and deposit the same in Government treasury. Buyer or Purchaser of the property is not required to procure Tax Deduction Account Number (TAN). The Buyer is required quote his or her PAN and sellers PAN
What is Stamp duty and how is it calculated?
A stamp duty is a kind of tax that is levied on the transactions concluded by way of documentation or instruments. The tax was sealed by the Bombay Stamp Act (1958).
Stamp duty rates have been revised w.e.f April 2012 as under:-
For residential as well as commercial units the stamp duty payable is applicable @ 5% of market value of such unit or consideration paid under the agreement, whichever is higher.
The market value of the Unit is determined on the basis of stamp duty ready reckoner issued by government every year on January 1st.
What is the procedure for registration?
The process of registration involves the submission of transaction documents (copies) to the required governmental officer for preservation. Once the stamp duty has been paid on a document, it has to be registered under the Indian Registration Act (1908) with the Sub-Registrar of Assurances of the locality of the property. Unless this procedure is completed, the investor does not have full ownership of the property.
Registration fees is payable @ 1% of market value/consideration (whichever is higher) and is capped upto Rs. 30,000/-.
STAMP DUTY & REGISTRATION:
Will I get tax benefits on loans?
Yes, you are eligible for tax benefits under various sections of Income Tax department.
Do I get deduction on Interest payment?
The repayment of the interest portion of the EMI is allowed as a deduction under section 24 under the head "income from house property" up to Rs. 1,50,000/- for self-occupied property and full amount in case of let-out property if the purchase or construction is completed within a period of three years from the end of the year in which the loan is taken.
Do I get deduction on principal?
The repayment of principal amount of the loan can be claimed as a deduction under section 80C up to a maximum amount of Rs. 1 lakh. You can also claim deduction under Section 80C towards payment made for stamp duty, registration fee and other expenses for the purpose of transferring the property in the name of the assessed. All these deductions however should not exceed the overall limit of Rs. 1 lakh.
However, deduction under Section 80C is not available in respect of payment made towards the cost of any addition, alteration, renovation or repair carried out after the issue of the completion certificate.
Income from House Property:
According to the Indian Income Tax Act, if a person (resident or NRI) owns more than one house property, only one of them will be deemed as self-occupied. There will be no income tax on a self-occupied property. The other one, whether rented or not, will be deemed to be given on rent and deemed rental income (based on certain valuations prescribed by the income tax rules) will be added to income. Further, TDS will be deducted on actual rental incomes earned by NRI.
Wealth tax is levied on the value of specified assets in excess of the Rs. 30,00,000. Specified assets include house property. However, the Wealth Tax Act provides an exemption in respect of one house property. There is a specific exemption available for returning Indians in respect of investment made in house property out of money brought from outside India or from balances held in NRE accounts as on date of return to India.
If a residential property is held by the seller for more than 36 months, it is considered a long-term investment or else short-term. Long Term Capital Gain shall be computed by considering indexed cost of acquisition. NRI's are entitled to claim exemption from capital gains tax if they re-invest in specified assets as per Income Tax Act.
Who is an Non Resident Indian (NRI)?
A Non Resident Indian (NRI) as per India’s Foreign Exchange Management Act 1999 (FEMA), is an Indian citizen or Foreign National of Indian Origin resident outside India for purposes of employment, carrying on business or vocation in circumstances as would indicate an intention to stay outside India for an indefinite period. An individual will also be considered NRI if his stay in India is less than 182 days during the preceding financial year.
Who is considered a Person of Indian Origin (PIO) for investment in immovable properties?
A foreign citizen other than a citizen of Pakistan, Bangladesh, Afghanistan, Bhutan, Sri Lanka or Nepal is deemed to be of Indian origin if:
- He held an Indian passport at any time,
- He or his father or paternal grandfather was a citizen of India as per the Constitution of India or the Citizenship Act, 1955 (Act No. 57 of 1955).
What is an Overseas Corporate Bodies?
Overseas Corporate Bodies are bodies largely owned by individuals of Indian nationality or origin residing outside India and include overseas companies, partnership firms, societies and other corporate bodies which are owned, directly or indirectly, to the extent of at least 60% by individuals of Indian nationality or origin resident outside India as also overseas trusts in which at least 60% of the beneficial interest is irrevocable held by such persons. Such ownership interest should be actually held by them and not in the capacity as nominees. The various facilities granted to NRIs are also available with certain exceptions to OCBs as long as the ownership/beneficial interest held in them by NRIs continues to be at least 60%.
What are the various facilities available to Non Resident Indians Overseas Corporate Bodies?
NRIs/OCBs are granted the following facilities:
- Maintenance of bank accounts in India
- Investments in securities/shares of, and deposits with, Indian firms/companies
- Investments in immovable properties in India
I am a Non Resident Indian, can I buy property in India?
If you are of Indian Origin and hold an Indian Passport, then you are entitled to buy property in India. If you are an overseas passport holder for example a US Passport or a British Passport Holder, then you need to have a Person of Indian Origin Card (PIO Card). 'A foreign citizen other than a citizen of Pakistan, Bangladesh, Afghanistan, Bhutan, Sri Lanka or Nepal is deemed to be of Indian origin'.The same can be applied at the Indian Embassy or Consulate in country where you are residing or you can enquire with them for further details. It is sufficient if you have your father's or mother's passport or birth certificate or any other proof of their being an Indian Citizen. It is essential to carry that proof with you.
How can I pay for the property?
Payment can be made only in rupees and not any other foreign currency as no repatriation benefits are applied on these investments. The payment can be made via the following mediums:
- FCNR: Foreign Currency Non Resident account in India
- NRE: Non Resident (External) Rupee account in India
- Remittance from abroad through normal banking channels
- NRO: Non Resident (Ordinary) Rupee account in India
- There is no restriction or condition on the payment mode while buying property. Normal banking channels are applicable
Is a Non Resident Indian eligible to purchase property in India?
Yes, as an NRI you can apply for a home loan in India. Getting a home loan is as easy for an NRI as a resident Indian. Some lender may, however, ask for a local power of attorney holder.
Can a Non Resident Indian lease or sell the purchased property?
If the Non Resident Indian’s property is lying unused, he can lease it out and earn the proceedings. RBI approval or permission is not required. There are only two restrictions, (i.e.) the earnings out of this lease are taxable and the proceeds cannot be taken out of India. Also, outright selling of NRI property does not require RBI permission although the profit on sale is liable to capital gains tax.
How can I sell my property?
If an NRI wishes to sell his property and take away the profits, then:
- He can take away the proceeds
- Sale is restricted to only two properties
- Sales allowed only after three years
- Then, money must be kept in India.
- Any or all can be sold
- Entire proceeds can be transferred.
IF PROPERTY WAS BOUGHT IN FOREIGN EXCHANGE:-
IF PROPERTY WAS BOUGHT IN INDIAN RUPEES:-
IF PROPERTY FOR COMMERCIAL PURPOSES IS BOUGHT IN FOREIGN EXCHANGE:-
Is there a limit to the number of investments for acquiring commercial or residential properties in India?
Non Resident Indians are allowed to make real estate investments in India without any cap on the quantity or the number of investments.
Can a Non Resident Indian gift his residential/commercial property?
Yes, an NRI / PIO may gift residential / commercial property to a person resident in India or to an NRI or a PIO. Though, a foreign national of non-Indian origin gifting to another foreign national needs prior approval of the Reserve Bank of India.
There are no restrictions on the number of residential / commercial properties that can be purchased by an NRI / PIO under general permission.
- NRIs and PIOs can freely acquire immovable property by way of gift either from
- A person resident in India or
- An NRI or
- A PIO
However, the property can only be commercial or residential. Agricultural land / plantation property / farm house in India cannot be gifted or be acquired by way of gift.
- A foreign national of non-Indian origin resident outside India cannot acquire any immovable property in India through gift.
- NRIs and PIOs can freely acquire immovable property by way of gift either from
A person residing outside India i.e.
- An NRI
- A PIO and
- A foreign national of non-Indian origin can inherit and hold immovable property in India from a person who was resident in India. However, a citizen of specified countries (Pakistan, Bangladesh, Sri Lanka, and Afghanistan) should seek specific approval of Reserve Bank.
- A person residing in India
- A person residing outside India
Repatriation of Application money for booking of flat/Payment made to the buyer by NRI/PIO.
Refund of application / earnest money / purchase consideration on account of non-allotment of flat / plot / cancellation of bookings / deals for purchase of residential / commercial property, together with interest, if any (net of income tax payable thereon), is allowed provided the original payment was made out of NRE / FCNR account of the account holder or remittance from outside India through normal banking channels and the authorized dealer is satisfied about the genuineness of the transaction.
Power Of Attorney
The non-resident Indians who are staying abroad may enter into an agreement through their relatives and/or by executing the Power of Attorney in their favour as it is not possible for them to be present for completing the formalities of purchase (negotiating with the builder or Developer, drafting and signing of agreements, taking possession, etc.) These formalities can be completed through some known person who can be given the Power of Attorney for this purpose.
Sale Of Property
- An NRI can sell property in India only to:
- A person resident in India
- An NRI
- A PIO
A PIO can sell property in India only to:
- A person resident in India
- An NRI
- A PIO (with the prior approval of Reserve Bank of India)
A Foreign national of non-Indian origin, including a citizen of any of the following countries viz. Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal, and Bhutan can sell property in India with the prior approval of Reserve Bank to:
- A person resident in India
- An NRI
- A PIO
Acquisition of Property
This document has been prepared by ‘JP Infra Mumbai Pvt. Ltd.’ (JIMPL). By visiting the website, you agree to be bound by the following provisions
This document is for distribution only under such circumstances as may be permissible by law. It has no regard to the specific investment objectives, financial situation or particular needs of any recipient. It is published solely for informational purposes and is not to be construed as a solicitation or offer to buy or sell any securities or related financial instruments.
The directors of JPIMPL are responsible for the information contained in this document. While it is believed by the directors to be true and not misleading, the information and opinions contained in this document are provided as at the date of this document and are subject to updating, revision and amendment without notice. JPIMPL is not under any obligation to keep current the information contained herein.
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Redevelop Your Property
J P Decks - Goregaon
Chalet Amar - Juhu
Unity Tower - Worli
North - A JP Infra Project
Redevelop Your Property
JP Infra Mumbai Pvt. Ltd.
203, 2nd Floor, Morya Landmark II,
Off New Link Rd, Andheri (W), Mumbai - 400 053
Tel: 022 42415678 | Fax: 022 42415679
WHY JP INFRA
“We believe in getting the best out of everyone, so we treat them well, expect a lot and rest will follow”
Our vision is to be the best in what we do & for that we need the best of what you have. If you share the same dream then come join us.
Come grow with us
JP Infra, as a leader in the real estate sector, provides endless opportunities for professional growth in promising times like these. We are very young & enthusiastic organisation, growing really fast in development sector with a wide scope. A stimulating work environment, rich and diverse exposure and an inspiring leadership are few reasons that make JP Infra a great place to work. The workplace provides multiple opportunities to the associates to learn and improve on their knowledge and skills as they work towards meeting their present and future targets.
Do things the right way
Foundation is the most important thing in construction business. JP Infra builds itself on the fundamentals of honesty, integrity and ethics. We consciously make efforts to bring about positive change in the lives of our stakeholders and to contribute to our society and our work environment.
Think you can dream & deliver? Send your resume to email@example.com
- Project Coordinator
- Project Manager
DESIGNATION: Civil Project Coordinator/Project Coordinator /Technical Assistant (Mumbai).
Key Skills: Engineering, Civil
Experience: 2 - 3 years
Specialization: Project Management
Job Function: Civil & Site/ Electrical/ Aerospace/ Engg Project Management
Post-Graduation - Not Required
School & Graduation - Diploma-Other Diploma CIVIL ( Not Specified)
CTC: As per Industry Standards
Coordinating with client for Material, Payments and decision related to project
Coordinating with consultant and Architect for drawings and other decision related with project.
Analyzing monthly, weekly and daily reports.
Planning of RCC schedule, Planning of next day commitment
Manpower & material management.
Assisting Director for MIS and coordination
Assisting Director for Project Coordination.
Achievement of job targets
Bills certification of S/Cs and from Clients
Cost control within budget
Optimum use of resources
DESIGNATION: Project Manager.
Experience: 7 to 8 yrs.
Specialization: Project Management
Industry: Candidate must be from Real Estate Industry Only Male
MS Project 2007 (MIT College of Management).
MS Office - Word/Excel
Supervise all construction activities at the Project site/sites.
Make a Daily Progress Report (DPR) and Daily Labour Report (DLR).
Formulating a bar bending schedule (BBS) along with an indent for steel and concrete.
Prepare the pour card, checklists, etc.
Preparing estimates of quantities for concrete, steel, shuttering etc. Preparing the Measurement Book (MB) and Subcontractor Billings.
Execution of RCC and PCC works.
Execution of Pile foundation works.
Maintaining the Bore log details.
Coordinating with clients & sub contractors.
Coordinating with Architects, structural engineers to full fill their requirements.
Material planning, arrangements and follow-ups.
Verification of structural, mechanical & electrical drawings
Layout & Lineout structure for all preceding activities.
Co-ordinating with contractors. Checking of columns, beam, slab dimensions and reinforcing them with the help of drawings.