NRI Corner

Can NRIs buy property in India?

Yes. Under the Foreign Exchange Management Act (FEMA), NRIs and OCI cardholders can freely buy residential and commercial property in India — no RBI approval needed. The only restriction is on agricultural land, farmhouses, and plantation property.

How to fund the purchase

Payments must be made in Indian Rupees through normal banking channels — an NRE, NRO, or FCNR account — never in foreign currency or cash. Most Indian banks also offer home loans to NRIs, typically covering 75–80% of the property value, repayable through the same NRE/NRO accounts.

Documents you'll need

• Valid passport and visa/OCI card
• PAN card (mandatory for any property transaction in India)
• Overseas address proof and income documents
• Power of Attorney (POA) if you can't be present in India for registration

Buying remotely

Most of the process can be handled without traveling to India — virtual site tours, video-call walkthroughs at each construction milestone, and a Power of Attorney to authorise someone locally to complete registration on your behalf. Our team supports NRI buyers through every step, from shortlisting to handover.

Taxation basics

Rental income and capital gains on Indian property are taxable in India regardless of your residency status; TDS applies on resale. India has Double Taxation Avoidance Agreements (DTAA) with many countries, so tax paid in India can often be offset against your home-country liability — a chartered accountant familiar with NRI taxation can confirm what applies to you.

This page is for general information only and isn't tax or legal advice — please consult a qualified CA or lawyer for guidance specific to your situation.