NRI Corner | Buy Property in India as an NRI

Buying property in India as an NRI

Many Non-Resident Indians want a home back in Bangalore, for their family, for their return, or as an investment. Buying from abroad raises practical questions: which project to trust, how to see it, how to pay, and how to handle the paperwork without flying down each time.

BANGALORE PROP helps NRI buyers do all of this from wherever they live. Our advice is free, and we stay with you from the first shortlist to the day you get the keys.

Can an NRI buy property in India?

Yes. Under India's foreign exchange rules, NRIs and OCI cardholders can buy residential and commercial property in India without any special permission. There is no limit on the number of homes you can buy.

What NRIs cannot buy is agricultural land, a plantation property or a farmhouse, unless it comes to them by inheritance. The payment must come through normal banking channels, such as your NRE, NRO or FCNR account, or money sent from abroad.

How we help NRI buyers

A shortlist that fits. Tell us your budget, the areas you like and the size you need, and we compare projects for you, including the developer's delivery record.
Video site visits. We walk the site and the sample flat on a video call, and show you the road, the neighbourhood and the view.
Price lists and documents. We send you the price list, floor plans, the RERA registration and approvals, so you can check them yourself.
Visits for your family. If your parents or relatives in Bangalore want to see the project, we take them on the site visit.
Booking and paperwork. We coordinate with the developer on the booking, the sale agreement and registration.
NRI home loans. We help you compare loan options for NRIs and get the documents ready.

NRI home loans

Indian banks and housing finance companies give home loans to NRIs, much like they do to residents. The loan is usually repaid from your NRE or NRO account, and the bank looks at your income abroad, your job and your credit history.

You will typically need your passport and visa or work permit, proof of overseas income, bank statements, and the property documents. Our EMI calculator shows what a loan will cost each month before you speak to a bank.

Registering without flying down

You can give a Power of Attorney to a family member or someone you trust in India, so they can sign and register on your behalf. A Power of Attorney signed abroad usually needs to be attested at the Indian embassy or consulate, and stamped once it reaches India.

We can guide your representative through the registration. For the legal wording of the Power of Attorney, please take advice from a lawyer.

Things to check before you buy

The project's RERA registration and its possession date on the RERA website.
The developer's record of delivering past projects on time.
How and when you pay: the payment plan, and which account the money comes from.
Your tax position in India and abroad. Rental income and sale gains in India can be taxed here, so speak to a tax adviser.

If you sell later, NRIs can usually send the sale money of up to two homes back abroad, within the rules. Your bank can explain the steps when the time comes.

Talk to an NRI property advisor

Choose your country code in the form, leave your number, and tell us the best time to call you. An advisor will get in touch at a time that suits your time zone.