An NRI is an Indian citizen residing outside India as defined under FEMA regulations. This status determines how you can invest, hold, and transfer property assets.

Unite Properties helps you understand your eligibility before you begin your investment journey.

NRIs and OCIs are permitted to purchase residential and commercial properties in India without prior RBI approval. However, agricultural land, plantation property, and farmhouses cannot typically be purchased. Unite Properties ensures you invest within compliant property categories.

Under current regulations, NRIs can acquire residential and commercial properties through permitted channels, subject to applicable laws and funding norms. Unite Properties helps you structure your investments correctly for long-term ownership and security.

Property purchases must be made through inward remittance or funds held in permitted NRI accounts such as NRE, NRO, or FCNR accounts, as per RBI guidelines.

With Unite Properties, your financial flow remains smooth, traceable, and compliant.

NRIs are eligible to apply for home loans from Indian financial institutions, subject to documentation, income eligibility, and country of residence. Unite Properties assists you in connecting with the right lending partners for a seamless loan process.

Typical documentation includes a passport, a PAN card, overseas address proof, and financial documents. Requirements may vary depending on the lender or transaction.

Unite Properties ensures your documentation process is guided and error-free.

NRIs who are unable to be physically present in India may appoint a Power of Attorney to complete property-related formalities. Unite Properties helps facilitate secure and transparent execution of such processes.

NRI property transactions in India may be subject to applicable taxes, including capital gains on sale and tax obligations on income generated. Certain benefits may be available under Double Taxation Avoidance Agreements (DTAA). Unite Properties helps you navigate these considerations with clarity.

Income earned from renting out property in India is subject to applicable tax regulations.

Unite Properties helps you identify investment opportunities that align with your income and long-term goals.

Verifying property titles, approvals, and RERA registration is essential before making any purchase.

Unite Properties ensures that every property you consider meets legal and regulatory standards.

Owning property remotely requires planning for maintenance, tenant management, and documentation.

Unite Properties provides end-to-end assistance to help you manage your investment efficiently from anywhere in the world

The documentation required to be submitted by the NRIs are different from the Resident Indians as they are required to submit additional documents, like copy of the passport and a copy of the works contract, etc. and of course NRIs have to follow certain eligibility criteria in order to get Home Loans in India. Another vital document required while processing an NRI home loan is the power of attorney (POA). The POA is important because, since the borrower is not based in India; the Home Finance Company would need a ‘representative’ ‘in lieu of’ the NRI to deal with and if needed. Although not obligatory, the POA is usually drawn on the NRI’s parents/wife/children/ close relatives or friends. The documents needed for obtaining NRI home loans are Bank specific. General list of documents is as mentioned below:

• Passport and Visa
• A copy of the appointment letter and contract from the company employing the applicant.
• The labour card/identity card (translated in English and countersigned by the consulate) if the person is employed in the Middle East Salary certificate (in English) specifying name, date of joining, designation and salary details
• Bank Statements for the last six months.
• List of Classified documents for Salaried and Self Employed NRI Applicants

Banks may have specific requirements apart from the below-listed documents

• Salaried NRI applicants.
• Copy of valid passport showing VISA stamps.
• Copy of valid visa / work permit / equivalent document supporting the NRI status of the proposed account holder.
• Overseas Bank A/C for the last 3 months showing salary credits.
• Latest contract copy evidencing Salary / Salary Certificate / Wage Slips. Self-Employed NRI Applicants.
• Passport copy with a valid visa stamp.
• Brief profile of the applicant and business/ Trade license or equivalent document.
• 6 months of overseas bank account statement and NRE/ NRO account.
• Computation of income, P&L account and B/Sheet for last 3 years certified by the C.A. / CPA or any other relevant authority as the case may be (or equivalent company accounts).

The mere acquisition of property does not attract income tax. However, any income accruing from the ownership of it, in the form of rent (if it is let out)/annual value of the house (if is not let out and it is not the only residential property owned by that person in India) and/or capital gains (short term or long term) arising on the sale of this house or part thereof is taxable in the hands of the owner.

Yes. Long-term and short-term capital gains are taxable in the hands of non-residents.

In case of the sale of an immovable property, the Double Tax Avoidance Agreement (DTAA) with most countries states that capital gains will be taxed in the country where the immovable property is situated. Hence, if an NRI owns immovable property in India, then he/she will be subject to paying tax in India on the capital gains that arise on the sale of the property. Similarly, letting of immovable property in India would be taxed in India under most tax treaties