NRI Desk

With the real estate value appreciation driving towards an all time high, there has never been a more opportune moment than now to invest in real estate in India.

Realsta, with it’s vast knowledge of Indian real estate market and legalities specific to India, assists you throughout the entire process of purchasing a property for personal as well as investment purposes. With our well researched on-ground insights generated by a dedicated team of experts , we exclusively offer a spectrum of services comprising of :

Valuation and Due Diligence

Selection and Search of Properties

Buying or Selling Luxury Estate

Buying/Selling/Leasing of Commercial Estates

Property & Tenancy Management

Legal and Tax Assistance

Frequently Asked Questions

Addressing all your queries and concerns on investing in India from abroad

An NRI is an Indian national or Person of Indian Origin (PIO) staying outside of India for an indefinite period of time. The purpose of stay could be employment, vacation, or business.

No, NRIs do not require any consent from any regulatory body to buy residential or commercial properties in India. However, NRIs cannot buy agricultural/ plantation land in India.

There is no limit to the number of properties that NRIs can purchase in India.

Yes, an NRI can buy a property in India in partnership with an Indian citizen/ NRI/ PIO. However, they cannot buy a property in partnership with any foreign citizen.

NRIs/ PIOs can purchase a property through funds remitted through normal banking channels or through his/ her NRE/ FCNR (B)/ NRO account.

According to the Income Tax Act, if any buyer (Indian resident or NRI) owns more than one property, then only one will be assumed as self-occupied. On other properties, income tax will be levied on the rental income (actual or deemed). Hence, if an NRI owns more than one global property, then income tax will belevied on the Indian property, on the rental income of the Indian property (irrespective of whether the property is rented out or not.)

An NRI has to pay capital gain tax on the profit made by selling a property. If a property is held for 3 years or less following the actual possession, then short-term capital gain tax is paid. The gain will be included in the total income & normal slab rates will be applied. However, if the property is held for more than 3 years, then long-term tax rates will be applicable. This will include 20% tax rates plus applicable cess.

According to RBI norms, if the property was acquired through remittance via normal banking channels/by debit to the NRE/FCNR (B) account, the amount that can be repatriated should not exceed the amount paid for the property. In case the property is being acquired through rupee sources, an NRI/PIO is permitted to remit an amount up to USD one million/ financial year out of the balances held in the NRO account.

Just like Indian residents, NRIs can avail home loans. The eligibility depends on similar parameters such as qualification, current job profile, chances of continuing abroad during the loan period, etc.

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