"Everything Non-Resident Indians need to know about NRE/NRO accounts, Power of Attorney execution, TDS compliance, and repatriation of sale proceeds under FEMA."
India's real estate sector has never been more transparent for overseas investors, thanks to stringent MahaRERA enforcement, digital registry processes, and liberalized FEMA regulations.
Step-by-Step Purchase Checklist for NRIs
- Banking Setup: Route all inward property remittances exclusively through NRE or NRO banking channels.
- Power of Attorney (PoA): Execute a specific registered Power of Attorney attested by the Indian Consulate or Apostille in your country of residence for smooth local execution.
- RERA Verification: Verify the project's MahaRERA registration number, sanctioned floor plans, and escrow account details directly on the MahaRERA portal.
- Taxation (TDS & Repatriation): Understand Section 194-IA (1% TDS on property purchase above ₹50 Lakh) and capital gains indexation benefits upon eventual exit.
Foresight Realvision's dedicated NRI division provides end-to-end remote portfolio management, builder liaison, and tenant onboarding without requiring your physical presence in India.
Related Topics
#NRI#MahaRERA#FEMA#Taxation#Legal Guide
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Foresight Editorial
Real Estate Research & Advisory Team
Published by Foresight Realvision Editorial Desk. Delivering transparent, data-backed guidance and comprehensive asset management across Pune.
