Non-Resident Indians (NRIs) and Overseas Citizens of India (OCI) are among the most active buyers in Indian cities, including Jaipur. The rules are clear once you know them. This guide summarises the essentials; always confirm with your bank and tax adviser.
What NRIs and OCIs can buy
- Allowed: residential and commercial property, with no limit on the number.
- Not allowed: agricultural land, plantation property and farmhouses, except by inheritance.
How to pay
Payments must come through normal banking channels: from abroad, or from your NRE, NRO or FCNR accounts in India. Cash and foreign currency notes are not allowed. Home loans are available to NRIs from Indian banks, repaid from these accounts.
Buying from abroad
You can buy without travelling by giving a power of attorney (PoA) to a trusted person in India. The PoA must be signed before the Indian embassy or a notary with apostille, and then adjudicated (stamped) in India within the time allowed. Use a specific PoA for the transaction, not a general one.
Tax when you buy
If you buy from a resident seller, you deduct 1% TDS for property of ₹50 lakh or more. When a resident buys from an NRI, the buyer must deduct TDS at the higher rates that apply to NRI capital gains, which is why NRI sellers often apply for a lower-deduction certificate.
Renting out
Rent received is taxable in India. Tenants paying rent to an NRI are required to deduct TDS. Rent should be credited to your NRO account.
Selling and repatriation
- Sale proceeds of property bought with NRE/FCNR money can be repatriated, limited to the amount originally paid in foreign exchange, for up to two residential properties.
- Other proceeds go to the NRO account, from which up to USD 1 million per financial year can be remitted abroad after taxes, with the required forms (15CA/15CB).
Tip:Keep every bank record of the original purchase. Repatriation depends on proving where the money came from.
How ATTPL Realty helps NRIs
Our Luxury & NRI desk offers video tours, document checks, PoA guidance, rental management and resale support, with advisors available across time zones.
Frequently asked questions
Can an NRI buy agricultural land in India?
No, except by inheritance. NRIs can buy residential and commercial property.
Can NRIs get a home loan in India?
Yes. Most Indian banks offer home loans to NRIs, repaid from NRE or NRO accounts.
How much can an NRI repatriate from a property sale?
Up to USD 1 million per financial year from the NRO account, plus eligible amounts originally paid in foreign exchange, subject to tax and documentation.
This article is general information, written in November 2026, and is not legal, tax or financial advice. Rules, rates and limits change; please confirm the current position with the authority concerned or a qualified professional before you act.
