From eligibility to taxes: What NRIs need to know before buying a home in India
This guide outlines the legal and financial requirements for Non-Resident Indians (NRIs) looking to purchase residential property in India. It covers eligibility, banking regulations, loan options, and government subsidy limitations.
Why it matters
Serves as a practical resource for the Indian diaspora regarding real estate investment and financial compliance in their home country.
Many Indians settled overseas eventually think about owning a home back in India. Thanks to simpler rules, easier digital payments, and a growing range of budget-friendly projects in bigger and smaller cities, this has become a realistic goal rather than a complicated one.Eligibility basicsAnyone classed as a Non-Resident Indian (an Indian citizen living abroad) or a Person of Indian Origin (a foreign passport holder with Indian roots) can buy residential property in India without needing special RBI clearance.The exception is farmland, plantations, and farmhouses, which still require separate approval.Money movement rulesAll payments must flow through recognised banking channels , NRE, NRO, or FCNR accounts , and cash deals aren't allowed.
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