Can NRIs buy property in India under FEMA?

Yes. FEMA allows NRIs to purchase residential or commercial property in India. However, agricultural land, plantations, and farmhouses are not permitted to be purchased unless inherited.

Does FEMA regulate NRI real estate transactions?

Yes. FEMA regulates NRI real estate transactions. Payments must typically be made through NRE, NRO, or FCNR accounts and routed via Indian banking channels. NRIs must also follow applicable TDS rules on rental income and capital gains, and repatriation is generally capped at USD 1 million per financial year, subject to FEMA conditions.

Can NRIs invest in multiple properties in India under FEMA?

Yes. There are no restrictions on the number of residential or commercial properties that NRIs can buy in India under FEMA.

How can NRIs avoid double taxation while investing in Indian real estate?

NRIs can reduce double taxation by claiming DTAA benefits using documents like TRC and Form 10F (as applicable) and by using eligible exemptions such as Sections 54 and 54EC for capital gains, subject to conditions.

Can NRIs inherit property in India under FEMA?

Yes. FEMA allows NRIs to inherit property in India, including residential, commercial, agricultural land, plantations, and farmhouses, from Indian residents or other NRIs, subject to applicable rules.