Let’s Create the Milestones Together
An NRI (Non-Resident Indian) is an Indian citizen residing outside India. An OCI (Overseas Citizen of India) is a foreign citizen of Indian origin registered under the OCI scheme.
Yes. NRIs and OCIs are allowed to buy residential and commercial properties in India without prior RBI approval.
There is no limit on the number of residential or commercial properties an NRI can purchase.
Yes. NRIs can buy property jointly with another NRI or a resident Indian (who is eligible to buy property in India).
Yes. NRIs can appoint a trusted person in India through a registered Power of Attorney to complete the purchase on their behalf.
Payments must be made through banking channels such as:
NRE account
NRO account
FCNR account
Payments must be made through banking channels such as:
Yes. NRIs can avail home loans from Indian banks and housing finance companies, subject to eligibility and documentation.
NRIs must pay:
Stamp duty & registration charges
TDS (Tax Deducted at Source) on purchase value (as applicable)
They may also be liable for capital gains tax on sale.
Yes. TDS is applicable and must be deducted by the buyer as per Income Tax rules before making payment to the seller.
Yes. NRIs can sell property to:
Resident Indians
NRIs or OCIs (for residential/commercial property)
