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GUIDELINES FOR
NRI INVESTORS
GUIDELINES FOR
NRI INVESTORS
As per RBI Rules NRIs and PIOs can purchase any residential or commercial property in India. There is no need to seek specific
permission from the central bank.
An NRI or PIO can purchase any number of residential or commercial properties under the existing general permissions.
The income tax law also allows an NRI/PIO to own an unlimited properties in India.
An NRI can purchase the property as a single owner or in partnership with another NRI. However, regardless of the second holder’s
contribution to the purchase, a resident Indian or a person who is otherwise not permitted to invest in a property in India cannot
become a joint holder in such property.
permission from the central bank.
An NRI or PIO can purchase any number of residential or commercial properties under the existing general permissions.
The income tax law also allows an NRI/PIO to own an unlimited properties in India.
An NRI can purchase the property as a single owner or in partnership with another NRI. However, regardless of the second holder’s
contribution to the purchase, a resident Indian or a person who is otherwise not permitted to invest in a property in India cannot
become a joint holder in such property.
NRIs can invest in real estate properties available
to them through the following channels.
All payments must get made solely in India.
Self-Transactions involving:
In India, funds get held in NRE/NRO/FCNR (B) accounts.
Funds transferred to India from abroad (on one’s account; cannot pay the seller directly).
Loan Facility (in INR) in India for NRIs; close to 80% of the property value based on the NRI’s eligibility,
which gets repaid through:
Remittances From Abroad (money transferred into your account from abroad)
In India, funds get held in NRE/NRO/FCNR (Bank) accounts.
Rent from the recently purchased property.
Crediting the borrower’s loan account by close relatives (under section 6 of the Companies Act, 1956).