The NRI guide to buying luxury property in Gurgaon
Everything an NRI needs to buy in Gurgaon — FEMA rules, NRE/NRO payments, home loans, remote purchase by Power of Attorney, repatriation and taxes — managed end-to-end.
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Can NRIs buy luxury property in Gurgaon remotely?
Yes. NRIs can buy property in Gurgaon entirely remotely without travelling to India. Under FEMA, NRIs and OCIs may freely purchase residential and commercial property (not agricultural land). The process uses a registered Power of Attorney for signing, payment via NRE/NRO accounts, and HD video walkthroughs — Rahul Tripathi manages due diligence, POA and registration on the buyer’s behalf.
The 5-step remote purchase process
- Shortlist & virtual tours — Rahul curates options to your brief and conducts HD video walkthroughs of each shortlisted unit.
- Due diligence — title, HRERA registration, OC/CC and encumbrance checks completed before you commit.
- Power of Attorney — a registered POA (executed at the Indian consulate abroad) lets a trusted representative sign on your behalf.
- Payment — funds routed from your NRE, NRO or FCNR account, or by direct foreign remittance.
- Registration & handover — Rahul’s team manages sub-registrar registration and post-purchase formalities.
Funding rules at a glance
| Item | Rule |
|---|---|
| Eligible property | Residential & commercial (not agricultural/farmhouse) |
| Payment channels | NRE / NRO / FCNR accounts or inward remittance |
| Home loan | Up to 75–80% of value; EMI from NRE/NRO |
| Repatriation | Up to 2 residential units; USD 1M/year from NRO |
| LTCG tax | 20% with indexation (held > 24 months) |
Frequently asked questions
Can NRIs buy property in India?
Yes. Under FEMA, NRIs and OCIs can freely buy residential and commercial property in India without RBI permission. The only restriction is on agricultural land, plantation property and farmhouses, which require specific RBI approval. There is no limit on the number of properties an NRI can own.
How can an NRI pay for property in Gurgaon?
NRIs must pay through banking channels using funds in an NRE, NRO or FCNR account, or via direct inward remittance from abroad. Payment in foreign currency cash or through a traveller’s cheque is not permitted. Funds in an NRE account allow easier repatriation later.
Can an NRI get a home loan in India?
Yes. Major Indian banks including HDFC, SBI, ICICI and Axis offer NRI home loans financing 75–80% of property value, with tenures up to 15–20 years. EMIs must be paid from an NRE or NRO account, and the loan is sanctioned based on overseas income and credit profile.
Can NRIs repatriate proceeds from selling Gurgaon property?
Yes, subject to conditions. NRIs can repatriate sale proceeds for up to two residential properties, capped at the foreign-currency amount originally remitted for purchase. Repatriation is limited to USD 1 million per financial year from NRO funds, and applicable capital gains tax must be paid first.
What taxes apply when an NRI sells property in India?
NRIs pay capital gains tax: 20% with indexation on long-term gains (property held over 24 months) and at slab rates on short-term gains. The buyer must deduct TDS — 20% (plus surcharge and cess) on long-term sales. NRIs can apply for a lower TDS certificate to avoid over-deduction.