NRI Guide to Real Estate in India
A Revolution in Indian Real Estate
The Indian real estate sector has transformed into a magnet for both domestic and international investors. With liberalized FDI policies, cutting-edge infrastructure, and modern architectural developments, India presents lucrative opportunities for NRIs seeking to invest in aesthetically designed properties with world-class facilities.
Who Qualifies as an NRI?
- An Indian citizen residing abroad for employment, business, or indefinite stay is considered a Non-Resident Indian (NRI).
- Individuals of Indian origin residing abroad, including those posted by the UN or government assignments, are also considered NRIs for investment purposes.
Key FAQs for NRIs in Indian Real Estate
1. Do NRIs need RBI permission to buy property in India?
No, NRIs do not require RBI approval to purchase residential or commercial property in India.
2. Can foreign citizens of Indian origin purchase property in India?
Yes, they can, under RBI's general permission, but only for bona fide residential purposes.
3. What payment methods are allowed for property purchases?
Payments can be made via:
- Inward remittance in foreign exchange
- NRE (Non-Resident External) or FCNR (Foreign Currency Non-Resident) account balances
4. Can NRIs sell their properties without RBI approval?
Yes, properties can be sold. For sales to other foreign citizens of Indian origin, payment must come from NRE/FCNR accounts or inward remittance.
5. Can NRIs rent out their properties?
Yes, NRIs can rent their properties. The rental income must be credited to their NRO account.
6. Can foreign citizens of Indian origin buy commercial properties?
Yes, commercial properties (excluding agricultural land, plantations, or farmhouses) can be acquired, provided payments are made through inward remittance or NRE/FCNR accounts.
Why Choose Indian Real Estate?
- Ease of Investment: Hassle-free processes for NRIs with RBI’s general permissions.
- Strategic Locations: Properties in high-growth urban and suburban areas.
- High ROI Potential:Strong infrastructure and growing demand ensure promising returns.
India’s real estate market is your gateway to lucrative investments. Whether it’s residential, commercial, or rental opportunities, the evolving sector offers diverse avenues to grow your wealth while staying connected to your roots.
