NRI Investment Corner
Your complete technical resource guide for property acquisition in India.
FEMA Guidelines
Under RBI/FEMA regulations, Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) can freely acquire residential and commercial properties in India. However, the purchase of agricultural land, plantation property, or farmhouses is strictly prohibited unless special RBI approval is obtained.
Remittance & Banking
Payments for real estate acquisitions must be routed through NRE or NRO accounts via normal banking channels, or through direct inward remittance from abroad. No payments in foreign currency or traveler's cheques are permitted for Indian real estate transactions.
Taxation & TDS Rules
When purchasing property from a resident, the NRI must deduct 1% TDS on transactions exceeding ₹50 Lakhs. Capital gains on properties held for more than 24 months are taxed at 20% with indexation benefits. Rent received is taxable and subject to standard deductions.
Power of Attorney (PoA) Executions
If you cannot visit India to sign the sale agreements and registry documents, you can execute a Power of Attorney (PoA) favoring a trusted representative or relative in India. The PoA must be signed in the presence of a consular officer or notary in your country of residence and registered locally in India within 3 months.