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Buying a residential or commercial property for NRIs in India is easier now, thanks to relaxed than before policies. After the RERA has been implemented, the overall sentiment in the Indian real estate industry has been positive and a great deal of transparency has been established. In addition, the present economic condition also favorable for the NRIs to invest in properties in India. Now, anyone with an Indian passport can invest in Indian real estate, provided the property is not an agricultural land, plantation property or a farmhouse.

However, an NRI should be considering certain parameters carefully, before putting their money in real estate in India. Understanding the financial landscape of the industry and the nation as a whole is extremely important. Besides, an NRI should carefully scrutinize the portfolio of the project/s and credentials of the developer/s before taking a decision. Reviewing the payment terms, legalities are equally important, too.

At Risland, we welcome you wholeheartedly to discuss your investment plans and help you arrive at the right investment decision. ‘The Icon’ is an ideal choice for NRIs to invest for several reasons including Strategic location, excellent amenities and quality construction.




An NRI (Non-Resident Indian) is a person residing out of India for more than 182 days in a year. An NRI is someone who stays outside of India for employment/business ventures or any other reason for the mentioned period.
A Person of Indian Origin (PIO) is a person of Indian origin who is not a citizen of India. A PIO is issued a PIO card which means that person doesn’t need a visa to visit India. A PIO card holder also doesn’t require a student or employment visa to avail of employment or academic opportunities in India. The spouse of a PIO is also a PIO.
An NRI can maintain bank accounts in India. Apart from maintaining bank accounts, they also can invest in securities, shares, deposits and immovable properties in India.
Non-Resident Indians (NRIs), who are citizens of India, and PIOs (except the citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal or Bhutan) who at any time held an Indian Passport or whose father or grandfather was a citizen of India can purchase residential and/or commercial property freely in India. However, they would require specific approval from RBI if they want to purchase agricultural land/plantation property/farm house in India.
General permission is not available to NRI/PIO to acquire agricultural land/plantation property/farm house in India. If an NRI is interested in buying such a property his proposal will require specific approval of Reserve Bank and Government of India.
Yes, NRIs can sell their residential/commercial property in India and they wouldn’t need any permission from RBI to do so.
Yes. As per general permission by RBI, NRIs can seek financial assistance from selected Indian banks in way of housing finance. The terms & conditions of home loans availed by NRIs are largely similar to that of the resident citizens; however, the repayment period of the loan for them would not exceed 15 years.
The documentation process is a little different than the resident Indians. For instance, NRIs are required to submit additional documents like copy of the passport and a copy of the works contract, etc. Having a power of attorney (POA) is not compulsory; however, it’s very important to have one as banks would want a local representative of the NRI borrower.
A power of attorney (POA) is a legal document giving one person the power to act for another person. The POA can have broad legal authority or limited authority to make legal decisions about property, finances or medical care.
Any income accruing from the ownership of a property, in the form of rent (if it is let out)/annual value of the house (if is not let out and it is not the only residential property owned by that person in India) is taxable in the hands of the owner.

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