NRI Property Investment — FAQs

Yes. Under FEMA (Foreign Exchange Management Act) regulations, NRIs and OCI cardholders can freely purchase residential and commercial property in India. The only restriction is on agricultural land, plantation property and farmhouses, which NRIs generally cannot purchase (though they can inherit them).

No. You can appoint a trusted person in India as your Power of Attorney (POA) holder, who can complete site visits, sign documents and manage registration on your behalf. We help draft a POA scoped specifically to your transaction and guide you through getting it notarised/apostilled at the Indian consulate in your country of residence.

Payments must be made through banking channels — typically via your NRE (Non-Resident External), NRO (Non-Resident Ordinary) or FCNR account, or by inward remittance through normal banking channels. Cash payments are not permitted and payments cannot be made in foreign currency directly to the seller.

Yes, most major Indian banks offer NRI-specific home loan products, usually up to 75-80% of the property value, repayable through your NRE/NRO account or by a resident co-applicant in India. Documentation requirements differ slightly from resident loans — our loan desk can guide you through the exact list for your bank and country of residence. Try our home loan eligibility calculator for an estimate.

Yes, subject to conditions. For residential property, repatriation is generally allowed for up to two properties, and the amount repatriated cannot exceed what was originally paid through banking channels (or the loan repaid) for that property. Repatriation of sale proceeds typically requires a Chartered Accountant's certificate (Form 15CB) and a declaration (Form 15CA). We coordinate with your CA to ensure this is filed correctly.

Yes — when a property is sold by an NRI, the buyer is required to deduct TDS at a higher rate than for resident sellers (typically 20%+ surcharge and cess on long-term capital gains, higher for short-term gains), before making payment. NRIs can apply for a lower/nil TDS certificate from the Income Tax Department if their actual tax liability is lower, which can significantly improve cash flow at the time of sale.

If you earn rental income from the property or have capital gains from selling it, you're generally required to file an Indian income tax return, even as an NRI. We recommend working with a CA familiar with NRI taxation — we're happy to make an introduction from our network of trusted partners.

Yes, and it's one of the most common reasons NRIs invest here. Asset Procon offers end-to-end rental management for NRI-owned properties — tenant sourcing, agreement drafting, rent collection, and periodic property inspections — so you don't have to manage it remotely yourself.

We arrange live video walkthroughs of the property and surrounding locality at a time convenient for your time zone, followed by a detailed written report and photos/videos you can review at your own pace before deciding on an in-person visit or POA-based purchase.