About NRIs | NRI Documents | FAQs | E-Brochure

Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) invest for multiple purposes and roles in India. They invest in property for self-use, rental income or capital appreciation. Such investments also help them maintain an emotional connect with India. The rules, regulations and documents required for NRIs to invest in Indian real estate are simple and well laid out. Any NRI, holding a valid Indian passport, is allowed to invest in Indian real estate, following the guidelines set forth by RBI (Reserve Bank of India). Indian real estate is an asset that has historically given better returns than other asset classes. Therefore, many investors prefer to invest in Indian real estate for better capital appreciation and rental income.

If an NRI is purchasing a house, flat or a plot for a house, the activity would not fall under the definition of ‘business activity’ and is permissible. The only restriction being that NRIs cannot invest in agricultural land, plantation property or a farm house. They can acquire residential and commercial properties in India without any restriction, and are allowed to invest in any number of properties.

The RBI mandates that NRIs use funds received in India through normal banking channels or funds held in a non-resident account in India. NRIs can also avail home loans in Indian rupees from Housing Finance Institutions and Banks. These loans can be repaid through inward remittance, rental income or from close relatives in India through their account. Many reputed developers offer end-to-end services to make the buying process easy and transparent for NRIs. These include providing detailed project information, property documentation, site visits, assistance with loans and registrations, and post-sales services. With proper documentation, investments in Indian real estate can be a rewarding and seamless experience.

Some of the documents that NRIs must produce include – NRI/OCI (Overseas Citizenship of India) Card, Passport, PAN Card, and valid Visa. In some cases, depending on the lender or developer, a power of attorney may be required. Based on employment status, additional documents may be requested to establish proof of income. These documents can vary slightly for salaried and self-employed NRIs.

To make the documentation process easy, we have collated the required NRI Personal Guarantor Documents, Financial Details Documents for Self Employed Individuals, and Financial Details Documents for Salaried Individuals.