What NRIs can buy, how payments and repatriation work, why a power of attorney matters and the tax points to plan for.
What you can and cannot buy
NRIs and OCIs may purchase residential and commercial property in India without special approval. Agricultural land, plantation property and farmhouses cannot be purchased, though they can be inherited.
Paying for the property
Payments are made through normal banking channels using NRE, NRO or FCNR accounts, or by inward remittance. Indian lenders offer NRI home loans, typically disbursed and serviced through these accounts.
- Use NRE / NRO / FCNR accounts or inward remittance
- Retain remittance advices for future repatriation
- NRI home loans are widely available for approved projects
Power of attorney and site visits
A registered, clearly scoped power of attorney lets a trusted representative sign documents and complete registration on your behalf. Keep the scope narrow and project-specific rather than open-ended.
If you cannot travel, ask for a recorded walkthrough of the sample flat and the actual construction status rather than relying on renders.
Tax and repatriation basics
Rental income from Indian property is taxable in India, and TDS applies on purchase above prescribed thresholds. Sale proceeds are repatriable within annual limits, subject to documentation. Plan this with a chartered accountant before you transact.
Explore projects we market
Verified residential and commercial projects across Gurgaon and Faridabad.
