Expatriates & NRIs

For the NRIs, no special sanction or permission is required to buy property in India. NRIs are also allowed to rent a particular property and send back their rental proceeds to the country they are currently residing in, wherein the amount will be subject to payment of taxes.

Sneh Construction - a trusted name in Pune Real Estate - lends full support to foreigners or NRIs or both to buy properties in India.

Another very important aspect is that an NRI who is an Indian Citizen can sell his Immovable Property (other than agricultural, plantation property or farmhouse) to another NRI, but only through Indian channels. The sale proceeds of the property should be credited to a NRI's bank account maintained with an authorized dealer in India.


Who is a NRI?
Non Resident Indian (NRI) is a citizen of India, who stays abroad for employment/carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident. Non-resident foreign citizens of Indian Origin are treated at par with Non Resident Indian (NRIs).
Who is a PIO?
WHo is OCI?
Documents required for buying property
What is the Tax treatment for income generated from property selling or renting for NRI/PIO/OCI?
Do NRI/PIO/OCI have to file return in India for their property rental income and Capital Gains Tax?
How does the Double Taxation Avoidance Agreement work in the context of tax on income and Capital Gains tax paid in India by NRI?
Does Capital Gains Tax (CGT) apply to NRI/PIO/OCI?
How does Double Taxation Avoidance Agreement work in the context of CGT paid in India on the foreign tax treatment?
Are NRI/PIO/OCI eligible for Housing loans to buy property from any Indian Bank?
Eligibility for NRI
Do non-resident Indian citizens/foreign citizens of Indian origin require permission of Reserve Bank to acquire residential property in India?
In what manner the purchase consideration for the residential immovable property should be paid by foreign citizens of Indian origin under the general permission?
Are there any formalities required to be completed by foreign citizens of Indian origin for purchasing residential immovable property in India under the general permission?
Can such property be sold without the permission of Reserve Bank?
Can sale proceeds of such property if and when sold be remitted out of India?
Are any conditions required to be fulfilled if repatriation of sale proceeds is desired?