ACE Arte for NRI, OCI and PIO Buyers: TDS, FEMA and Buying Without Flying In
ACE Arte, Sector 150 Noida: the published facts
- ACE Arte is a residential project in Sector 150, Noida by ACE Group, registered with UP-RERA as UPRERAPRJ528653/07/2026.
- ACE Arte site-plan sanction is NOIDA/NIYOJAN/2026/1328 dated 09.06.2026; unit-wise floor plans had not been published as at 5 September 2026, the desk's last read.
- ACE Arte is designed by Ar. Hafeez Contractor, as ACE Group publishes on its own site, acearte.in.
- ACE Arte sizes are 1,927, 2,614 and 4,370 sq.ft* for the 3 BHK, 4 BHK and 4 BHK + servant, printed as tentative on the price list W.E.F. 21-08-2026.
- ACE Arte pre-launch BSP is ₹16,995/sq.ft* per ACE's price list W.E.F. 21-08-2026, against a launch rate of ₹21,995/sq.ft*; GST is extra.
Facts as ACE published them, reviewed 6 September 2026
Quick answer
As an NRI, OCI or PIO you can buy at ACE Arte on the same terms as a resident buyer, funding the purchase from an NRE, NRO or FCNR account or by inward remittance, both routes permitted under FEMA's general permission for residential property. You pay the same 1% TDS under Section 194-IA as any resident buyer, because the rule looks at the seller's residency rather than yours, and Form 26QB is your own filing each time, not one the desk files for you. Section 195 and Form 27Q sit outside this purchase entirely; they apply only if you sell an ACE Arte unit later as an NRI owner. You do not need to fly in to buy: a Power of Attorney, attested or apostilled in your country of residence and then adjudicated in India, signs on your behalf.
Written against the dated NRI references held at the desk and ACE's own price list W.E.F. 21-08-2026, reviewed 6 September 2026.
This page is for the buyer who is not standing in Noida while any of this happens: what FEMA actually allows, how the money moves, whose filing the 1% TDS deduction really is, what a Power of Attorney has to go through before it works here, and how the 20X5 plan lands on you across a time difference. Our sales desk is an independent UP-RERA registered channel partner (UPRERAAGT000309/01/2026); we are not the developer, and no buyer money reaches us.
Can an NRI or OCI buy a home at ACE Arte?
Yes. Under FEMA's general permission for residential property, an NRI or OCI buys an apartment at ACE Arte on the same terms as a resident buyer, with no special permission needed for a home like this one. Only farmland, a farmhouse or plantation property sits outside that permission, and none of those apply to an apartment in Sector 150. The desk opens your file the same way it opens a resident buyer's: your name, the size you want and a number to reach you, then the price list W.E.F. 21-08-2026 in writing.
How the money moves: NRE, NRO, FCNR and inward remittance
Four routes are open to you and all four keep the payment inside banking channels, which is what FEMA's general permission for residential property actually asks for.
| Funding route | Allowed for this purchase |
|---|---|
| NRE account | Yes, funded by your foreign earnings |
| NRO account | Yes, funded by your India-source income |
| FCNR account | Yes, a foreign-currency deposit account |
| Inward remittance | Yes, converted to INR before it reaches the collection account |
| Cash or traveller's cheques | No |
The collection account itself does not change for an NRI buyer: ICICI Bank Limited, Branch Sector-132 Noida, account number 157905004675, in the name ACE INFRACITY DEVELOPERS PVT. LTD. COLLECTION ACCOUNT FOR ACE ARTE, cheques and demand drafts in favour of "ACE INFRACITY DEVELOPERS PVT. LTD. RERA COLLECTION A/C - ACE ARTE", payable at Delhi, exactly as printed on the price list W.E.F. 21-08-2026. Never write an instrument to a person, a marketing company or a channel partner, this desk included.
The 1% TDS, and whose filing it actually is
You pay the same 1% TDS a resident buyer pays, under Section 194-IA, where the consideration is Rs 50 lakh or more, because the rule looks at the seller's residential status and not yours, and ACE Infracity Developers Pvt. Ltd. is a resident company. On the 3 BHK's base price of Rs 3,27,49,365* (the figure ACE's own film publishes as Rs 3.27 Crore*), on the 4 BHK and on the 4 BHK + servant, the desk works the 1% out for you on a dated cost sheet, deducted across the instalments of the 20X5 plan rather than in one payment.
Form 26QB is your own filing. The law puts the deduction and the filing on the buyer, resident or NRI, for each instalment, not on the developer and not on the desk. What the desk actually does is walk you through each Form 26QB as the instalment falls due, with the exact figure already worked out against that instalment, so the filing itself is the only part left in your hands.
When Section 195 and Form 27Q would apply, and when they do not
Not at this purchase. Section 195 and Form 27Q govern TDS on a sale by an NRI, so they belong to the day you might sell an ACE Arte unit, not the day you buy one from the developer. Buying from ACE Infracity Developers Pvt. Ltd. today puts you inside Section 194-IA and Form 26QB only. If a resale by you, as an NRI owner, comes up years from now, that is a separate conversation the desk has with you then, on its own facts and its own dated figures.
Buying without flying to Noida
A Power of Attorney in favour of someone you trust in India lets you complete the EOI, the booking and every instalment without your presence at Sector 150. The PoA has to be attested or apostilled in your country of residence and then adjudicated in India before it is used on any ACE Arte paper, and the desk tells you which stamp and which office that adjudication needs before you sign anything abroad, so the document is not turned away when it reaches Noida. A site visit still helps if you can manage one, on your own schedule or through someone standing in for you, but nothing about the purchase itself requires it.
What the ACE Arte 20X5 plan asks of a buyer abroad
The six instalments do not wait for a working day in India, and neither does the desk.
| Line | Trigger | Share |
|---|---|---|
| 1 | On booking | 10% |
| 2 | Within 30 days | 10% |
| 3 | After slab casting of the ground floor | 20% |
| 4 | After slab casting of the 10th floor | 20% |
| 5 | On completion of the super structure | 20% |
| 6 | On offer of possession | 20% + other charges |
Every line above is triggered by a date or a site event, not by office hours in India. The desk sends the instalment notice by WhatsApp and email as soon as it is raised, with the 1% TDS already worked out against that instalment, so you can wire the balance from your NRE, NRO or FCNR account on your own morning, whichever time zone that falls in, and the desk confirms the credit back on the same channel.
What the desk needs from you to start
The desk opens your file with a passport, your OCI card if you hold one, a PAN card, since no purchase proceeds without one, and a number that reaches you on WhatsApp. From there the desk sends the price list W.E.F. 21-08-2026, works out the EOI amount for the size you want, and asks the one question that decides the rest of the paperwork: whether you will sign here in person or through a Power of Attorney, so the attestation or apostille can be arranged in time for booking.
How to ask, so one reply covers it
Ask for the NRI pack in writing. Ask for four things in one message: the FEMA funding routes, the 1% TDS worked out for your size, what your country's Power of Attorney attestation needs, and the price list W.E.F. 21-08-2026. On WhatsApp or by email, so the answer comes back dated and on the record.
Key points
- An NRI or OCI can buy at ACE Arte under FEMA's general permission for residential property, funding it from an NRE, NRO or FCNR account or by inward remittance; cash and traveller's cheques are not allowed.
- The 1% TDS under Section 194-IA applies where the consideration is Rs 50 lakh or more, regardless of the buyer's residency, because the rule looks at the seller; Form 26QB is the buyer's own filing each time, and the desk walks you through it rather than filing it for you.
- Section 195 and Form 27Q do not apply to this purchase; they come into play only if you sell an ACE Arte unit later as an NRI owner.
- A Power of Attorney, attested or apostilled in your country of residence and then adjudicated in India, lets you complete the EOI, the booking and every instalment without flying in.
- Each of the six 20X5 instalments is triggered by a date or a site event, and the desk sends the notice and the TDS working by WhatsApp and email so it reaches you in your own time zone.
- To start, the desk needs your passport with NRI, OCI or PIO status, your PAN card, a WhatsApp number, and whether you will sign in person or through a Power of Attorney.
Want the FEMA funding routes, the 1% TDS worked out for your size and the Power of Attorney checklist sent across in writing?
Get it on WhatsApp Call +91 98114 05300Frequently asked questions
Can an NRI or OCI buy a home at ACE Arte?
Yes. Under FEMA's general permission for residential property, an NRI or OCI can buy an ACE Arte apartment on the same terms as a resident buyer, with no special permission needed for a home like this one; only farmland, a farmhouse or plantation property sits outside that permission, and none of those apply here. The desk opens your file the same way it opens a resident buyer's: your name, the size you want, and a number to reach you, then the price list W.E.F. 21-08-2026 in writing.
Which account do I fund an ACE Arte purchase from as an NRI?
Your NRE, NRO or FCNR account, or an inward remittance converted to INR before it reaches the project's account, all permitted routes under FEMA's general permission for residential property. The desk sends the collection account block, ICICI Bank, Branch Sector-132 Noida, account number 157905004675, in writing before any instalment moves. What FEMA does not allow is cash or a traveller's cheque, so keep every payment inside banking channels from the first instalment to the last.
Do I pay the 1% TDS as an NRI buying ACE Arte, and who files it?
Yes, the same 1% TDS a resident buyer pays where the consideration is Rs 50 lakh or more under Section 194-IA, because the rule looks at the seller's residency rather than yours, and ACE Infracity Developers Pvt. Ltd. is a resident company. On the 3 BHK, the 4 BHK and the 4 BHK + servant, the desk works the 1% out for you on your dated cost sheet, deducted across the instalments of the 20X5 plan rather than in one payment. Form 26QB is your own filing under the law for each instalment, and the desk walks you through it rather than filing it for you.
Does Section 195 or Form 27Q apply when I buy ACE Arte?
No. Section 195 and Form 27Q apply when an NRI sells a property, not when one buys from a developer, so neither touches the purchase you are making now. They become relevant only if you sell your ACE Arte unit later as an NRI owner, and the desk treats that as a separate matter when it actually arises.
Can I buy at ACE Arte without flying to Noida?
Yes, through a Power of Attorney in favour of someone you trust in India. The PoA is attested or apostilled in your country of residence and then adjudicated in India before it is used on any ACE Arte paper, and the desk tells you exactly which stamp and which office that adjudication needs before you sign anything abroad. A site visit still helps if you can manage one, but the EOI, the booking and every instalment can go through without your presence at Sector 150.
How does the ACE Arte 20X5 plan work across time zones?
Each of the six instalments is triggered by a date or a construction milestone rather than by office hours in India, so the desk sends the notice by WhatsApp and email the moment it is raised, with the 1% TDS already worked out against that instalment. You wire the balance from your NRE, NRO or FCNR account whenever that reaches you, and the desk confirms the credit back on the same channel.
Kya NRI ACE Arte mein ghar khareed sakta hai?
Haan. FEMA ke tehat NRI ya OCI ACE Arte jaisa residential apartment resident buyer ki tarah hi khareed sakta hai, koi alag permission nahi chahiye. Payment NRE, NRO ya FCNR account se ya inward remittance se aata hai. 1% TDS (Section 194-IA) resident buyer jaisa hi lagta hai kyunki yeh developer ke resident hone par depend karta hai, aapke status par nahi, aur Form 26QB aapki khud ki filing hai jo desk har instalment par saath karta hai. Section 195 aur Form 27Q sirf tab lagte hain jab NRI baad mein unit bechta hai, is khareedari mein nahi. Agar Noida nahi aa sakte, toh apostilled ya attested Power of Attorney se pura process ho sakta hai.