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NRI Guide: How to Buy Property in India

This expanded guide includes the latest RBI guidelines for NRI buying property in India 2026, deep dives into NRI purchase property in India TDS rates, and detailed instructions on how to can NRI buy property in India without visiting.

The 2026 Ultimate NRI Guide: How to Buy Property in India 🏠🇮🇳

Investing in Indian real estate is no longer just a dream; it’s a high-yield financial strategy. With the Indian Rupee internationalization making cross-border payments smoother and Video KYC now available for bank accounts, 2026 is the easiest year yet for NRIs. 🚀

RBI Guidelines for NRI Buying Property in India 📜

Under the latest RBI guidelines for NRI buying property in India, the process is streamlined:

• Residential & Commercial: NRIs can purchase unlimited residential and commercial units. 🏢🏘️

• Prohibited Lands: You cannot buy agricultural land, farmhouses, or plantation property. However, you can inherit these. 🚫🌾

• Joint Ownership: You can buy property jointly with a resident Indian or another NRI.

• Repatriation: You can repatriate sale proceeds for up to two residential properties. The limit for funds in an NRO account is $1 million per financial year. 💵✈️

Can NRI Buy Property in India Without Visiting? ✈️❌

Yes! Many NRIs ask: “Can NRI buy property in India without visiting?” The answer is a resounding yes through a Power of Attorney (PoA).

1. Drafting: Create a “Special Power of Attorney” (SPoA) for the specific property on plain paper. ✍️

2. Attestation: Sign it at the Indian Embassy or Consulate in your country.

3. Adjudication: Send the attested PoA to India. Your representative must get it adjudicated (stamped) at the local Sub-Registrar’s office within 90 days of receipt. 📩

4. Digital Onboarding: Use Video KYC to open NRE/NRO accounts from abroad to fund the purchase. 🤳

Greater Noida Investment Sheet: 2026 High-Growth Sectors 📊

Greater Noida 🌆 is the #1 NRI destination due to the Jewar International Airport opening in April 2026.

NRI Purchase Property in India TDS Rate & Tax Implications 💰⚖️

Navigating the NRI buying property in India tax implications is critical to avoid legal notices.

• TDS (Tax Deducted at Source):

  • Buying from a Resident: TDS is 1% if the property is over ₹50 Lakhs.

  • Buying from another NRI: The buyer must deduct TDS at 20% (LTCG) or 30% (STCG) plus surcharge/cess.

• Rental Income: Tenants must deduct 31.2% TDS from rent paid to NRIs. 📉

• Lower TDS: You can apply for a Lower Deduction Certificate (LDC) via Form 13 on the TRACES portal to reduce this burden. 📑

Can NRI Buy Property in India on Loan? 🏦

Yes! Most major banks like SBI, HDFC, and ICICI provide NRI Home Loans.

• Interest Rates: Currently range from 7.40% to 9.1% p.a. 📉

• Loan-to-Value (LTV): Get up to 80% of the property value as a loan.

• Tenure: Usually up to 20-30 years for salaried NRIs.

Important FAQs ❓

Q1: What are the primary documents required for NRI to buy property in India?

You need your Passport, OCI/PIO Card, PAN Card, and recent photographs. If using a loan, you’ll also need work permits and salary slips. 🛂📂

Q2: Is the “Nri guide how to buy property in india 2021” still relevant?

While the basics are similar, 2026 rules have updated RERA protections and higher penalties for non-compliance with TDS on property purchase. Always use a 2026 guide! 🕒

Q3: Does RERA benefit NRI buyers?

Absolutely. Under RERA, builders must deposit 70% of funds in an Escrow Account, ensuring your money is only used for your project. You can also file complaints online from abroad. 🛡️💻

Q4: Why is Greater Noida 💎 the best place to invest in 2026?

With the Jewar Airport becoming operational, property values along the Expressway are expected to rise by 12-15% in the next 18 months.

Would you like me to prepare a customized PDF checklist of the specific documents you’ll need for a Greater Noida property registration? 🏠✨