NRI Section

Frequently Asked Questions (FAQ) section


We help turn your dreams into reality. It doesn’t matter if you are living miles away from India; you can now buy your own property in the country without any hassles. Our dedicated team understands the needs of a non-resident property buyer and wide domain knowledge will help make the process easy and carefree for you. Here’s a quick guideline to answer your queries. In case you have further doubts.

Can an NRI buy commercial/residential property in India?

Yes, a non-resident Indian can buy either a residential or a commercial property in India.

Is there a restriction on the number of commercial/residential properties owned by NRIs in India?

No, there is no limit on the number of residential or commercial properties that an NRI can purchase in India.

Who governs commercial/residential property transactions by NRIs in India?

The Reserve Bank of India, under the purview of the Foreign Exchange Management Act (FEMA) governs all commercial/residential property transactions done by NRIs in India.

Do NRIs need permission from the RBI to buy commercial/residential property in India?

There is no such need for permission from the RBI to purchase residential or commercial property.

How to fund the purchase?

Payment for the purchase of property can be made either by way of funds remitted to India from abroad through regular banking channels or through the balance in the NRE, NRO or FCNR Account.

If I own two homes, do I have to pay income tax for both?

No, according to the Indian Income Tax Act, one property will be considered as self-occupied and hence you do not have to pay income tax on both.

I own more than one residential property, but none is given on rent. Do I still have to pay income tax for all?

Except for the self-occupied property (only one) you would have to pay taxes for all the other properties whether they are rented out or not. For the non-rented out property you would need to calculate deemed rental income as per income tax rules.

I am an NRI and own one house in India and one in the country of my residence. Do I have to pay tax on the property in India?

Yes, whether your property in India is rented-out or not, you would still need to pay income tax on the property based on the deemed rental income.

I own more than one residential property, but none is given on rent. Do I still have to pay income tax for all?

Except for the self-occupied property (only one) you would have to pay taxes for all the other properties whether they are rented out or not. For the non-rented out property you would need to calculate deemed rental income as per income tax rules.

I am an NRI and own only one property globally. It is in India. Do I still have pay tax on it?

No, you do not have to pay income tax on that property.