--- source: https://ameyavritti.com/solutions/nri-asset-management site: Ameya Vritti category: asset-management intent: service-overview keywords: NRI asset management Bengaluru, property concierge, 4-tier service ladder, AUM real estate, founder-led practice personas: us-tech-nri, uk-tax-resident-nri, singapore-ep-nri, uae-resident-nri, canada-nri, australia-nri, hni-resident-investor, family-office, nri-inheritor updated: 2026-05-06 --- # NRI Asset Management — the 4-tier service ladder > Most NRI property owners cobble together 3–5 vendors — a property manager, a CA, a banker, a lawyer, a handyman — and try to coordinate them from another time zone. **Ameya Vritti runs the full stack as one practice**, with founder Abhishek Sreenivasan personally signing off Year 1 of every engagement (locked rule). Pricing is transparent at every tier; no per-deal hidden uplift, no "developer kickback" baked in. ## The 4-tier service ladder | Tier | Scope | Pricing | Best for | |---|---|---|---| | **Compliance Only** | Section 195/197 TDS, Form 27Q quarterly returns, e-Khata BBMP transition, society dues reconciliation, year-end packet for host-country CA | **₹40,000 / property / year** | Owner with reliable tenant + handyman; just needs the regulatory layer handled | | **Property Concierge** | All of Compliance Only PLUS tenant placement, rent collection, vendor management, repairs, dispute mediation, monthly statement, quarterly walk-through | **8% of monthly rent** | Owner with absentee-management gaps; wants single point of accountability | | **Wealth Portfolio** | All of Property Concierge PLUS multi-property portfolio coordination, Friday NRI Briefing (quarterly intelligence note), repatriation planning, banker liaison, annual review with the founder, sale-event readiness across the portfolio | **0.5–0.8% AUM / year** | Owner with ≥3 properties, treating real estate as a portfolio asset | | **Sale Events** | End-to-end sale: curation, marketing, KYC, Truth-Card disclosure, buyer pre-approval coordination, registration, FEMA repatriation | **₹2,00,000 – ₹3,00,000 per sale event** | Layered on top of any other tier when an exit is happening | ## Worked example — what each tier looks like for a typical NRI **Mr. & Mrs. Iyer, US-resident NRIs, Bay Area, 2 flats in Bengaluru:** | Tier | Annual cost (their portfolio) | What changes | |---|---|---| | Compliance Only | ₹80,000 (₹40K × 2 flats) | TDS handled, Form 27Q filed, e-Khata transitions complete, year-end packet for their US accountant. Tenant + repairs still on them via the cousin in Bengaluru. | | Property Concierge | 8% × (₹2.4L + ₹1.8L)/month × 12 = ~₹4,03,200 | Above + tenant transitions handled, plumbing emergency at 3am IST gets fixed without them being woken up, monthly statement in their inbox | | Wealth Portfolio | 0.5% × ₹6 Cr (combined fair value) = ₹3,00,000 | Above + quarterly Friday NRI Briefing personalised to their portfolio + repatriation planning + the founder available on Cal for any decision they're considering | **Why Wealth Portfolio is often the clean fit at ≥₹4 Cr AUM**: the AUM-based fee is similar to Property Concierge for 2-property portfolios, but caps the cost as the portfolio grows and includes strategic services (repatriation timing, sale planning) that one-property owners don't need. ## What's actually included — full feature list ### Tenant management - Pre-screening: CIBIL, employment verification, references (current employer + 2 previous landlords if available) - Lease drafting with explicit Section 195 TDS clause - Rent collection via standing instruction to NRO - Mid-lease tenant requests (extensions, deductions, repairs) - Exit handover with deposit reconciliation ### Vendor coordination - Plumbing, electrical, carpentry, painting via empanelled vendors with rate cards - Major repairs (waterproofing, AC overhaul) with quote competition - Annual maintenance contracts (AMCs) for HVAC + lifts + generators where applicable - Society interface (dues, NOCs, AGM proxies) ### Compliance OS (full stack) - Section 195 TDS deduction at source (tenant-side) - Section 197 lower TDS certificate filing (Form 13) - Form 27Q quarterly TDS return (filed for tenant) - Form 16A issuance to NRI within 15 days of next quarter - 26AS / AIS reconciliation - e-Khata BBMP transition (one-time per property + annual maintenance) - BBMP property tax payment + reconciliation - Society dues reconciliation - Annual ITR-2 prep coordination with NRI's CA (if external) or in-house ### Repatriation & banking - NRO ↔ NRE transfers with Form 15CA + 15CB - Banker NRI desk liaison (HDFC Premia / ICICI Private / Kotak Wealth / Axis Burgundy) - USD 1M annual ceiling planning across portfolio - Forward contracts on INR↔foreign for large repatriations (via banker) ### Strategic (Wealth Portfolio tier) - Friday NRI Briefing — quarterly note personalised to owner's portfolio - Annual Cal call with founder reviewing portfolio direction - Sale-event timing recommendations - Buy-side opportunity surfacing (off-market mandates within Ameya's curated register) - Pre-IHT / cross-border succession planning coordination ## Why the 4-tier model A single flat-fee structure undercharges multi-property portfolios and overcharges single-flat owners. A pure commission structure rewards transactions over relationships. The 4-tier ladder lets each owner pay for exactly what they need — and **step up or down between tiers as their situation changes** (e.g., add Sale Events for one year then back down to Wealth Portfolio). The structure also makes the practice's incentive transparent: Ameya earns more when owners benefit more, but tier upgrades are owner-initiated, not pushed. ## What's NOT included - **Insurance** — we coordinate with insurance partners but don't earn commission on policies; owner pays the insurer directly - **Legal disputes** — for litigation, we recommend specialist property lawyers; Ameya coordinates but doesn't litigate - **Tax filing in the host country** — your US/UK/CA accountant handles 1040/SA106/T1; we provide the Indian-side packet - **Property purchase advisory** — for buy-side, see [Tenants & Buyers](https://ameyavritti.com/tenants); engagement is separate ## FAQ **Q: Can I switch tiers mid-year?** A: Yes. Tier changes apply from the start of the next quarter. Pro-rated for the current quarter. **Q: Do you take a referral fee from banks or developers?** A: No. We don't accept referral commissions from any banker, developer, lawyer, or vendor. The owner is the only party who pays Ameya. **Q: What's the founder-Year-1 rule?** A: For the first year of every engagement, founder Abhishek Sreenivasan personally signs off on every quarterly filing, every Section 197 application, every sale event. From Year 2, specialist agents handle routine coordination with founder retaining override. **Q: Can a non-NRI use Ameya's asset management?** A: Yes. India-resident HNI investors with multi-property portfolios are a natural fit for Wealth Portfolio. The tier remains the same; only the Compliance OS workflows change (no Section 195, but BBMP / society / vendor management / e-Khata still apply). **Q: What's the typical onboarding timeline?** A: 4–6 weeks for full Compliance OS onboarding (e-Khata reconciliation + Section 197 filing + tenant lease audit). 1 week for Compliance Only on a clean portfolio. **Q: How is data protected?** A: Per-owner encrypted document vault; Compliance OS-specific. Founder + assigned specialist have access. Documents retained for 8 years (IT Department audit window) plus 1. ## Engage For owners with 1+ properties in Bengaluru / Mumbai considering moving to a single practice: WhatsApp the founder — [+91 63605 09351](https://wa.me/916360509351?text=NRI%20Asset%20Management%20%E2%80%94%20I%27d%20like%20to%20discuss%20my%20portfolio). Or book a 30-min Cal: [https://cal.eu/ameyavritti](https://cal.eu/ameyavritti).