NRI FAQs
Gain access to a wealth of curated information designed specifically for the global Indian investor. Explore our comprehensive Investment Guide, offering insights on prime property destinations, return on investment metrics, taxation policies, and regulatory compliance. Our NRI FAQs address common concerns with clarity, demystifying complex legalities and procedures that often surround cross-border investments.
Frequently Asked Questions - NRI Corner
An NRI is an Indian citizen residing outside India for employment,
business, or any other purpose indicating an indefinite stay abroad. As
per FEMA guidelines, NRIs are eligible to invest in real estate in India
under specific conditions.
Yes, NRIs can purchase both residential and commercial properties in
India. However, they are not permitted to buy agricultural land,
plantation property, or farmhouses unless it is inherited or gifted.
No, there is no restriction on the number of residential or commercial
properties that an NRI can own in India.
Payments must be made in Indian Rupees through inward remittances from
an NRI’s NRE/NRO/FCNR (B) account. Housing loans can also be availed
from Indian financial institutions under RBI regulations.
Yes, most major Indian banks and NBFCs offer home loans to NRIs with
tailored eligibility criteria. Loan repayment must be made through NRI
accounts in Indian banks.
NRIs are subject to capital gains tax on property transactions.
Short-term or long-term capital gains apply depending on the holding
period. Tax Deducted at Source (TDS) is applicable on sale proceeds, and
NRIs may also benefit from Double Taxation Avoidance Agreements (DTAAs).
No, physical presence is not mandatory. NRIs can authorize a trusted
representative via Power of Attorney (PoA) to manage the transaction on
their behalf.
Yes, NRIs are allowed to rent out residential or commercial properties.
The rental income is subject to income tax and must be reported
accordingly.
Due diligence is crucial. NRIs should verify ownership documents, title
clearance, encumbrances, and RERA registration. Engaging a legal advisor
or trusted real estate consultant is highly recommended.
Key documents include a valid Indian passport, visa/residency permit,
PAN card, OCI card (if applicable), address proof, and financial
documents like bank statements or income proofs. For loan applicants,
additional documentation may be required.