An NRI generally needs a valid Indian passport, proof of NRI status where required and PAN, where required. Depending on the transaction, additional documents may include overseas address proof, photographs, bank details and sale or allotment documents. OCI cardholders may also need to provide their OCI card. The final documentation should be confirmed with the developer, bank and relevant authorities.

A PAN is important for several property-related tax and financial requirements, particularly where TDS or other specified transactions apply. An NRI is not automatically required to have Aadhaar simply to buy property in India. Aadhaar eligibility and quoting requirements differ for NRIs, so the applicable requirements should be checked based on the transaction.

Yes. In certain circumstances, an NRI can authorise a representative in India through a properly executed Power of Attorney (POA). The POA should clearly specify the activities the representative may undertake and comply with applicable authentication, stamping and registration requirements. Because identity verification and registration procedures can vary by state and transaction, the requirements should be confirmed before executing the POA.

An NRI may need to pay stamp duty and registration charges, which vary by state and transaction. GST may apply to eligible under-construction properties. TDS requirements may also apply; for qualifying purchases from a resident seller, a 1% TDS may apply where the consideration or stamp-duty value meets the prescribed threshold. A tax adviser can confirm the applicable treatment.

NRIs can generally pay for eligible property through inward remittances via normal banking channels or funds held in NRE, NRO or FCNR(B) accounts, subject to FEMA rules. The choice of account can affect future repatriation, so NRIs should maintain records of the source and movement of funds and confirm the process with their authorised dealer bank.

Yes. NRIs can obtain rupee-denominated home loans from eligible banks and housing finance institutions, subject to the lender’s income, documentation, credit and eligibility requirements. Repayment can generally be made through inward remittances and eligible NRE, NRO or FCNR(B) accounts. Loan amount, tenure, interest rate and other terms vary by lender.

Yes, joint ownership can be possible when the co-owners and transaction comply with FEMA and other applicable requirements. NRIs and OCIs can generally purchase eligible residential and commercial property in India, but agricultural land, plantation property and farmhouses are subject to different rules. The ownership structure and source of funds should be checked before booking.

FEMA does not generally prescribe a numerical limit on the number of eligible residential or commercial properties an NRI can purchase. However, restrictions apply to the type of property, payment methods and applicable laws. Agricultural land, plantation property and farmhouses are treated differently under FEMA.

Yes, subject to FEMA conditions and applicable documentation. For eligible property purchased in accordance with foreign-exchange rules, an authorised dealer may permit repatriation of sale proceeds, subject to applicable limits and tax compliance. For residential property, repatriation under the relevant provision is generally limited to two properties. Different rules may apply to inherited property or property acquired using rupee funds.

An NRI should verify the project’s RERA registration, promoter details, approved plans, title-related information, encumbrances and applicable approvals. The sale or allotment agreement should also be reviewed for carpet area, possession terms, payment schedule and cancellation provisions. For a high-value purchase, an independent property lawyer can review the documents before signing.

An NRI can start the Raymond Realty purchase process remotely by contacting the company through its official enquiry channels. The sales team can assist with available projects, units and purchase requirements. NRIs should confirm the required documentation, payment process, agreement and registration arrangements before booking, as availability, pricing and terms may change.

NRIs can initiate the purchase process remotely through the enquiry form on Raymond Realty’s official project website. They can contact the sales team to confirm which steps can be completed remotely, the documents required and whether a representative or Power of Attorney will be needed for any in-person formalities.

NRIs can contact Raymond Realty through the official website by using the ‘Enquire’ tab and submitting the enquiry form. The latest contact details and documentation requirements should be confirmed directly with Raymond Realty before sharing documents or making payments.

An NRI or OCI can generally purchase immovable property in India, except agricultural land, plantation property and farm houses. The purchase should comply with applicable FEMA requirements, including permitted payment routes through banking channels or eligible NRE, FCNR(B) or NRO accounts. Certain nationality-based restrictions and specific circumstances can require additional permissions, so the buyer’s individual status should be checked before proceeding.

Generally, an NRI or OCI does not need prior RBI approval to purchase eligible residential or commercial property in India. The transaction must, however, follow FEMA requirements on eligibility, payment and documentation. Special rules can apply to certain foreign nationals and specific circumstances, including restrictions based on nationality. An NRI or OCI should therefore confirm the applicable FEMA position with an authorised dealer bank or professional adviser before completing the transaction.

When an NRI sells property in India, the buyer generally has to deduct TDS because the payment is being made to a non-resident. The applicable withholding is governed by the provisions for payments to non-residents and depends on factors such as the nature and holding period of the property and applicable tax rates. For a long-term capital asset, the capital-gains tax rate is generally 12.5%, before applicable surcharge and cess. A lower or nil withholding certificate may be available in eligible cases.

Yes, an NRI can generally earn rental income from property in India. Rental income is taxable in India under applicable income-tax provisions. RBI rules also permit authorised dealer banks to facilitate repatriation of current income such as rent, subject to applicable taxes, documentation and banking requirements. The exact process can depend on the account through which the income is received and the individual’s circumstances, so the NRI should check the requirements with the authorised dealer bank before remitting funds overseas.

Yes, an NRI or OCI can acquire property in India through inheritance, subject to FEMA conditions relating to the person from whom the property is inherited. An NRI or OCI can also receive a gift of eligible immovable property from a person resident in India, or from an NRI/OCI who is a specified relative. Agricultural land, plantation property and farm houses are subject to different restrictions. Gift and inheritance transactions can also have income-tax, registration and stamp-duty implications.

For an NRI paying property instalments from overseas, exchange-rate movements can change the amount of foreign currency needed to fund an instalment denominated in Indian rupees. For example, a weakening rupee will require less foreign currency, not more, as stated. The actual impact depends on the exchange rate and banking charges applicable when the payment is made. Buyers can factor possible currency fluctuations into their payment planning and confirm the available remittance channels with their bank.