Buying property in India as an NRI has never been easier — but it does require understanding FEMA regulations, tax implications and the right advisory support. This guide covers everything you need to know.
Who Can Buy Property in India as an NRI?
Indian citizens who are Non-Resident Indians (NRIs) can purchase residential and commercial property in India without any special RBI permission. They can buy any number of properties. Agricultural land, plantation property and farmhouses require special RBI permission.
Payment Rules Under FEMA
All payments must be made through normal banking channels from NRE/NRO accounts or through inward remittances in foreign currency. Cash transactions are strictly prohibited.
Tax Implications for NRIs
- TDS on property purchase: Seller deducts 20% TDS + surcharge if seller is NRI
- Capital gains: Long-term (held 2+ years) taxed at 20% with indexation benefit
- Rental income: Taxable in India; 30% TDS applicable before remitting rent
- Repatriation: Up to USD 1 million per year can be repatriated from sale proceeds
How Brickwise Helps NRIs
Our dedicated NRI team handles: property identification (video tours and 360° walkthroughs), legal due diligence, RERA verification, Power of Attorney arrangement, loan facilitation with NRI-friendly banks, registration and ongoing property management post-purchase.
You don't need to fly to India for most of the process. Contact us at 9971116724 or email brickwisesite@gmail.com.
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