An NRI (Non-Resident Indian) is an Indian citizen who resides outside India for employment, business, or any other purpose indicating 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 properties in India. However, they are not permitted to purchase agricultural land, plantation property, or farmhouses unless inherited or gifted.

No, NRIs do not need prior approval from the Reserve Bank of India (RBI) for purchasing residential or commercial property in India. The RBI has granted general permission for these transactions.

NRIs can fund their real estate investments through:

• Inward remittance via normal banking channels

• Funds held in NRE (Non-Resident External), NRO (Non-Resident Ordinary), or FCNR (Foreign Currency Non-Resident) accounts

• Home loans from Indian financial institutions and banks

Yes, NRIs are eligible for home loans in India. These are generally provided by Indian banks and housing finance companies. The documentation requirements may vary, but typically include:

• Valid passport and visa

• Proof of NRI status

• Income proof

• Bank statements

• Power of Attorney (if applicable)

Key taxes applicable include:

• Stamp Duty & Registration Charges (varies by state)

• TDS (Tax Deducted at Source): If an NRI sells property in India, the buyer must deduct TDS before payment

• Capital Gains Tax: Based on the holding period (short-term or long-term) NRIs should also consult with a tax advisor for double taxation avoidance (DTAA) benefits if applicable.

Yes, subject to certain conditions. Repatriation is allowed for up to two residential properties per financial year, provided:

• The property was purchased as per FEMA guidelines

• The amount repatriated does not exceed the amount paid through foreign exchange

• Tax compliance is fulfilled

The following documents are typically needed:

• Passport and valid visa

• PAN Card (Permanent Account Number)

• Overseas address proof

• Recent photographs

• Power of Attorney (if applicable)

• Bank statements

At Windlass Developer, we combine legacy, innovation, and trust to deliver world-class living spaces. Our integrated townships, 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.

Yes, NRIs are allowed to rent out their property in India. The income earned from rent can be repatriated after paying applicable taxes

We offer a seamless buying experience tailored for NRIs, including:

• Virtual property tours

• Transparent documentation

• Dedicated NRI sales support

• Assistance with legal, banking, and PoA services

The registration process is the same as for resident Indians:

1. Pay applicable stamp duty and registration charges

2. Sign the sale deed in the presence of the sub-registrar

3. Submit identity and address proofs If you cannot be present, your authorized PoA holder can complete the process on your behalf.