Why Invest In India

Non-Resident Indians (NRIs) are presented with a compelling investment opportunity in the dynamic landscape of Indian real estate. Here is an overview of why NRIs should consider this avenue.

Economic Resilience

Currency Advantage

Diverse Options

Stability and Returns

Rental Income Potential

Investor-Friendly Policies

Cultural Connection

Portfolio Diversification

Frequenty Ask Questions (faq's)

1. Who can purchase property in India?

The Government of India allows NRIs, PIOs and OCIs, to purchase residential and commercial properties including land in India, subject to certain conditions and restrictions which apply to agricultural and plantation properties.

1. Non-Resident Indian (NRIs)

According to the Government of India as outlined in the Income Tax Act, 1961 an individual is considered a (NRI) if they meet one of the following conditions during a financial year (April to March):

i- They have stayed in India for less than 182 days in that financial year.

ii- They have stayed in India for less than 60 days in the financial year and for less than 365 days in the four immediately preceding years

2. Person of Indian Origin (PIO)

A Person of Indian Origin (PIO) means a foreign citizen (except a national of Pakistan, Afghanistan Bangladesh, China, Iran, Bhutan, Sri Lanka and Nepal)

i- who at any time held an Indian passport Or

ii- who or either of their parents/ grand parents/ great grand parents was born and permanently resident in India as defined in Government of India Act, 1935 and other territories that became part of India thereafter provided neither was at any time a citizen of any of the aforesaid countries ( as referred above); Or

iii- Who is a spouse of a citizen of India or a PIO

3. Overseas Citizen of India (OCI)

Following categories of foreign nationals are eligible for registration as OCI:

i- Any person of full age and capacity

ii-Who is a citizen of another country, but was a citizen of India at the time of, or at any time after the commencement of the Constitution

iii- Who is a citizen of another country, but was eligible to become a citizen of India at the time of the commencement of the Constitution

iv- Who is a citizen of another country, but belonged to a territory that became part of India after 15.08.1947

v- Who is a child or a grandchild or a great grandchild of such a citizen; or

vi- A person, who is a minor child of a person mentioned in (a) above;

vii- A person, who is a minor child, and whose both parents are citizens of India or one of the parents is a citizen of India

vii- Spouse of foreign origin of a citizen of India or spouse of foreign origin of an Overseas Citizen of India Cardholder

2. Can NRIs take a home loan to buy property in India according to government rules?

Yes, NRIs can avail home loans from Indian financial institutions. The process follows guidelines set by the Reserve Bank of India (RBI).

3. Are there repatriation restrictions on funds from property sales as per government regulations?

NRIs can repatriate the sale proceeds of residential and commercial properties after fulfilling certain conditions. Repatriation of funds from NRO accounts has specific limits.

4. What is the taxation on property for NRIs as per government rules?

NRIs are subject to the same tax rules as resident Indians. TDS (Tax Deducted at Source) may apply to property transactions, and capital gains tax may be applicable.

NRI Corner