Unlocking India For
NRIs
Frequently asked questions
Can NRIs buy property in India?+
Yes, NRIs can buy residential and commercial properties in India. However, agricultural land, plantation property, and farmhouses usually require special permissions as per applicable rules.
What documents are required for NRIs to buy property?+
Commonly required documents include passport, PAN card, OCI/PIO card if applicable, address proof, passport-size photographs, and a valid Power of Attorney if the NRI is not present in India.
Can an NRI buy property without visiting India?+
Yes, an NRI can complete the property purchase process through a registered Power of Attorney given to a trusted representative in India.
Is PAN card mandatory for NRIs?+
Yes, a PAN card is generally required for property purchase, registration, taxation, and other financial transactions related to real estate in India.
Can NRIs get a home loan in India?+
Yes, many Indian banks and housing finance companies provide home loans to NRIs, subject to eligibility, income proof, credit profile, and required documentation.
Can NRIs rent out their property in India?+
Yes, NRIs can rent out their residential or commercial property in India. Rental income is taxable in India as per applicable tax laws.
How can NRIs receive rental income?+
Rental income can be received in an NRO account. After payment of applicable taxes, eligible funds may be repatriated as per RBI guidelines.
Is property investment in India safe for NRIs?+
Property investment can be safe when done with proper legal verification, RERA-approved projects, clear title checks, transparent documentation, and trusted developers or advisors.