NRI Corner: buying property in Dehradun as an NRI

An NRI (Non-Resident Indian) is an Indian citizen who lives outside India for employment, business or any other purpose that indicates an indefinite stay abroad. Persons of Indian Origin (PIO) and Overseas Citizens of India (OCI) are also eligible to invest in Indian real estate.

Yes. NRIs, OCIs and PIOs can invest in both residential and commercial property. They cannot buy agricultural land, plantation property or farmhouses unless inherited or gifted.

No. The Reserve Bank of India has granted general permission, so no prior approval is needed to buy residential or commercial property.

• Inward remittance through normal banking channels
• Funds held in NRE, NRO or FCNR accounts
• Home loans from Indian banks and financial institutions

Yes. Indian banks and housing finance companies lend to NRIs. Documents vary, but usually include:

• Valid passport and visa
• Proof of NRI status
• Income proof
• Bank statements
• Power of Attorney, if applicable

• Stamp duty and registration charges, which vary by state
• TDS: when an NRI sells property in India, the buyer must deduct tax at source before paying
• Capital gains tax, based on the holding period

Consult a tax advisor about double taxation avoidance (DTAA) benefits.

Yes, for up to two residential properties, provided:

• The property was bought in line with FEMA guidelines
• The amount repatriated does not exceed the amount paid in foreign exchange
• All taxes have been paid

• Passport and valid visa
• PAN card
• Overseas address proof
• Recent photographs
• Power of Attorney, if applicable
• Bank statements

Yes. Rental income can be repatriated after paying the applicable taxes.

The process is the same as for resident Indians: pay the stamp duty and registration charges, sign the sale deed before the sub-registrar, and submit identity and address proofs. If you cannot be present, your authorised Power of Attorney holder can complete it for you.

• Virtual property tours
• Transparent documentation
• Dedicated NRI sales support
• Help with legal, banking and Power of Attorney services

We combine legacy, innovation and trust to deliver world-class living spaces. Our integrated township, high-end residences and commercial spaces are designed to match international lifestyles, making us a preferred partner for NRIs seeking future-ready investments in India.