NRI Property Guide

Yes. Under FEMA, an NRI (an Indian citizen living abroad) or an OCI cardholder can buy residential or commercial property in India without RBI permission. The only exclusions are agricultural land, plantation property and farm houses.

Yes. Citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal, Bhutan, Macau, Hong Kong and North Korea need prior RBI permission to buy or sell property in India, except on a lease of up to five years. This restriction does not apply to OCI cardholders.

Payment must come through normal banking channels: money sent from abroad, or funds in your NRE, FCNR(B) or NRO account. Payment by traveller's cheques or foreign currency notes is not allowed.

Yes, for a residential property. Authorised dealer banks and housing finance institutions approved by the National Housing Bank can lend to NRIs on the same loan amount, margin and repayment terms as for residents, secured by a mortgage on the property. EMIs can be paid by remittance from abroad, from your NRE, FCNR(B) or NRO account, from the property's rental income, or by a relative in India directly into the loan account. OCI cardholders should confirm eligibility with the lender.

Yes, through a Power of Attorney (PoA) given to someone you trust in India. Under the Registration Act, 1908, a PoA signed outside India must be executed before and authenticated by a notary public, court, judge, magistrate, Indian Consul or Vice-Consul, or a representative of the Central Government. India is a member of the Hague Apostille Convention, so documents apostilled in another member country need no further legalisation in India. Requirements vary by country, so check with your Indian embassy or consulate before signing. The PoA must be stamped within three months after it is first received in Maharashtra (Maharashtra Stamp Act, section 18). At registration, the sub-registrar asks for the original PoA, a copy and a declaration that it is still in force. We coordinate this end to end.

Yes, within RBI limits. If you bought the property with money sent from abroad or from your NRE/FCNR(B) account (home loan EMIs paid this way also count), the sale proceeds can be repatriated, subject to RBI conditions; for residential property this applies to a maximum of two properties. Separately, NRIs can remit up to USD 1 million per financial year from their NRO account, which can include sale proceeds, with supporting documents and after paying applicable Indian taxes. Your bank will need Income Tax Form 145 (earlier 15CA) and, where required, a CA certificate in Form 146 (earlier 15CB).

If you held the property for more than 24 months, the gain is long-term and taxed at 12.5% without indexation, plus surcharge and Health and Education cess. If held for 24 months or less, it is short-term and taxed at normal slab rates. The option of 20% with indexation on property bought before 23 July 2024 is available only to resident individuals and HUFs, not NRIs. The buyer must deduct tax (TDS) before paying you, under section 393(2) of the Income-tax Act, 2025 (earlier section 195); for short-term gains this is 30% plus surcharge and cess. You can apply to the Income Tax Department for a lower or nil TDS certificate under section 395, so plan this well before the sale. Rules as of October 2026; speak to a chartered accountant for your specific case.

It depends on the seller. If the seller is a resident and the price or stamp duty value is ₹50 lakh or more, you deduct 1% of whichever is higher and report it in Form 141 (earlier Form 26QB); no TAN is needed. If the seller is an NRI, you must deduct TDS under section 393(2) at the non-resident rates, and you need a TAN. From 1 October 2026, only resident individual and HUF buyers can skip the TAN in that case.

Yes. PAN must be quoted when buying or selling property worth more than ₹20 lakh (Rule 159 of the Income-tax Rules, 2026; the earlier limit was ₹10 lakh). Without a PAN, a declaration in Form 97 (earlier Form 60) can be given, but if the price or stamp duty value exceeds ₹45 lakh you must apply for a PAN. You will also need a PAN for TDS and to file your Indian tax return.

Rent paid to an NRI landlord is subject to TDS. Your tenant must deduct tax at the rates in force (30% for an individual, plus surcharge and Health and Education cess) before paying you, and needs a TAN to do so. You can claim credit for this TDS in your Indian tax return, or apply under section 395 for a lower TDS certificate.

Yes. You can inherit any property in India from a resident, or from a non-resident who acquired it lawfully. You can also receive residential or commercial property as a gift from a relative (as defined in the Companies Act, 2013) who is a resident of India, an NRI or an OCI cardholder.

You can sell residential or commercial property to a resident Indian, an NRI or an OCI cardholder.

Search for the project on the MahaRERA website (maharera.maharashtra.gov.in) by its name or registration number. Our project pages show the MahaRERA registration number wherever applicable. If something goes wrong, any aggrieved buyer can file a complaint online with MahaRERA against a registered project (a fee applies).

We focus on Mumbai’s western suburbs — including Vile Parle, Bandra, Khar, Santacruz, Juhu, Andheri West, Versova, Lokhandwala, Oshiwara and select premium pockets. These are the city’s most desirable and investment-worthy locations.

We exclusively broker luxury residential and high-end commercial properties starting at ₹5 Cr. Our listings include: • Sea-view apartments & penthouses • Signature villas & duplexes • Boutique gated-community homes • Pre-leased commercial spaces & investment properties

Yes — 100%. We conduct rigorous due diligence and work only with RERA-compliant and legally verified properties, ensuring total peace of mind.

Absolutely. We provide end-to-end transaction support — including: • Sale agreement drafting • Title checks & legal coordination • Registration & stamp duty processes • Financial advisory & loan referrals

Yes. Our NRI Concierge Services include: • Virtual property walkthroughs • Remote documentation • POA advisory & legal support • Seamless coordination from first call to closing

Our standard fees are: • New projects: zero brokerage for buyers • Resale: 2% of the transaction value • Leasing: one month’s rent • Custom terms may apply for long-term clients and institutional deals.

Yes, we do. We cater to: • HNIs & corporate professionals • NRIs relocating to Mumbai • Expatriate clients seeking high-end rentals • We assist landlords with tenant screening, agreement drafting, and move-in management.

We are not generalists. We are: • Area experts in western Mumbai • Focused on luxury and premium properties only • Known for confidentiality, ethics, and curated service • Specialists in off-market listings and niche transactions

Yes. We provide strategic consulting for: • Land acquisition • Redevelopment partnerships • Bulk unit sales • Investor deal structuring & pre-leased asset advisory