Why RealAttic

Built for buyers who can't always be in the room.

Most of our NRI clients complete their entire purchase — shortlisting, site visits, documentation, and registration — without a single trip to India. Here's how we make that possible.

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Live Video Site Visits

Walkthroughs conducted over video call, on your schedule, across any time zone.

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Power of Attorney Support

Guidance on executing a POA from your country of residence, attested correctly for use in India.

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NRE/NRO Account Guidance

Coordination with your bank on the right account structure for your purchase and future repatriation.

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End-to-End Documentation

We track every document required for registration so nothing holds up your closing.

Eligibility

Who Can Buy Property in India

Under FEMA (Foreign Exchange Management Act) regulations, most NRIs and OCIs can freely buy residential and commercial property in India — with a few notable exceptions.

✅ Generally Permitted

  • ✓NRIs (Non-Resident Indians holding an Indian passport)
  • ✓OCI (Overseas Citizen of India) cardholders
  • ✓PIO (Person of Indian Origin) cardholders, subject to current rules
  • ✓Purchase of residential and commercial property
  • ✓Joint ownership with resident Indian relatives

🚫 Typically Restricted

  • ✗Purchase of agricultural land, farmhouses, or plantation property
  • ✗Foreign nationals of non-Indian origin (separate rules apply)
  • ✗Citizens of certain neighboring countries without RBI approval
Note: FEMA rules and RBI circulars are updated periodically and eligibility can depend on your specific citizenship, visa, and residency history. This is a general overview, not legal advice — please confirm your specific eligibility with a property lawyer or chartered accountant before proceeding.
Before You Buy

Documentation Checklist

Having these ready in advance is the single biggest thing that speeds up an NRI transaction.

Identity & Status

  • Valid passport (and visa/residency proof)
  • OCI or PIO card, if applicable
  • PAN Card (mandatory for property transactions)
  • Recent passport-size photographs

Financial

  • NRE / NRO bank account details
  • Proof of funds / source of funds
  • Home loan pre-approval, if financing
  • Foreign address proof

Transaction & Legal

  • Power of Attorney (if buying remotely)
  • Sale agreement & title documents
  • RERA registration details of the project
  • TDS documentation (for resale purchases)
Banking & Repatriation

Moving Money In — and Eventually Out

NRE Account

Holds foreign earnings converted to INR. Both principal and interest are freely repatriable, making it the common choice for funding a property purchase.

NRO Account

Holds income earned within India (rent, sale proceeds). Repatriation is permitted up to prescribed annual limits, subject to tax clearance certificates.

Repatriating Sale Proceeds

Proceeds from selling a property can generally be repatriated up to the original investment amount, for up to two residential properties, subject to RBI conditions.

Note: Repatriation limits, required certificates (like Form 15CA/15CB), and account rules are set by the RBI and Income Tax Department and are revised from time to time. Please confirm current limits and paperwork with your bank and a chartered accountant before relying on these figures.
Taxation Overview

What NRIs Typically Pay On Indian Property

A high-level overview only — actual liability depends on your country of residence, any Double Taxation Avoidance Agreement (DTAA), and current tax law.

TransactionTypical TreatmentNotes
Buying a propertyNo income tax on purchase itselfStamp duty & registration fees still apply
Rental incomeTaxable in India; TDS often deducted at sourceMay also be taxable in your country of residence, subject to DTAA
Selling within 2 yearsTaxed as short-term capital gainsAdded to total income, taxed at applicable slab rate
Selling after 2 yearsTaxed as long-term capital gainsHigher TDS is typically withheld by the buyer at source
Important: This table is a simplified, general overview and not tax advice. TDS rates, holding periods, and exemptions change with each Union Budget and depend on your individual circumstances and any applicable DTAA. Please consult a qualified chartered accountant before making any tax-related decision.
How It Works

Your Remote Buying Journey

1

Discovery Call

Share your budget, purpose, and preferred micro-markets over a call or video chat.

2

Video Site Visits

We walk you through shortlisted properties live, answering questions in real time.

3

Documentation

We help you prepare and execute the Power of Attorney and other required paperwork.

4

Booking & Payment

Funds transferred via your NRE/NRO account; booking and agreement executed.

5

Registration

Our team coordinates registration on your behalf, keeping you updated at every step.

Common Questions

NRI FAQs

Do I need to be physically present in India to buy property? +
No. With a Power of Attorney executed in your country of residence and duly attested, a representative can complete the purchase and registration on your behalf.
Can I get a home loan in India as an NRI? +
Yes, most major Indian banks offer NRI home loans, typically requiring an NRE/NRO account, income proof, and a co-applicant in some cases. Terms vary by lender.
Is rental income from my Indian property taxable? +
Generally yes, rental income is taxable in India and TDS is typically deducted by the tenant. It may also be taxable in your country of residence, subject to any DTAA — a CA can advise on your specific situation.
Can I sell my property and take the money back abroad? +
Generally yes, subject to RBI repatriation limits and required tax clearance certificates. Rules and limits can change, so confirm current requirements with your bank before selling.
Speak With Our NRI Desk

Let's plan your investment, wherever you are.

Book a video call with a RealAttic advisor to discuss your budget, timeline, and the right micro-market for your goals.

Call +91 93107 40281 WhatsApp Us