Who Can Buy Property in India?
Under FEMA regulations, NRIs (Non-Resident Indians) and PIOs (Persons of Indian Origin) can purchase any number of residential and commercial properties in India. However, agricultural land, plantation property, and farmhouses cannot be purchased by NRIs — these require prior RBI approval.
Documents Required
The key documents include a valid passport, OCI/PIO card, PAN card (mandatory for property transactions above ₹10 Lakh), proof of NRI status (visa, employment letter), and address proof from your country of residence. A Power of Attorney (PoA) is essential if you cannot be physically present for registration.
How to Finance Your Purchase
NRIs can fund property purchases through NRE (Non-Resident External) or NRO (Non-Resident Ordinary) accounts held in Indian banks. Home loans are available from most major Indian banks — SBI, HDFC, ICICI offer dedicated NRI home loan products with up to 80% loan-to-value ratio. Interest rates typically range from 8.5-9.5% for NRIs.
Tax Implications
TDS (Tax Deducted at Source) of 20% applies on long-term capital gains for NRIs, and 30% on short-term gains. However, under the India-UAE DTAA (Double Taxation Avoidance Agreement), you can claim credit for taxes paid in India against your UAE tax liability. Long-term capital gains (property held >2 years) are taxed at 12.5% after indexation.
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RERA Protection
The Real Estate Regulatory Authority ensures project timelines, quality standards, and financial transparency. Always verify the RERA registration number before investing. RERA protects buyers from delays, structural defects, and misleading advertisements — making it safer than ever for NRIs to invest remotely.
The Remote Buying Process
Modern luxury developers offer end-to-end digital buying: virtual site visits via video call, digital document signing, online payment through NRE/NRO accounts, and remote registration via PoA. A trusted advisor like Superior Realty coordinates the entire process while you stay abroad.
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