The Definitive Guide

for NRIs investing

in Indian Real Estate

Contents

About NRIs, PIOs and Residential Status

Analyzing the NRI investment pattern in Indian real estate

Scope of NRI Investments in Indian Real Estate

NRE, NRO & FCNR accounts

When is a NRI’s income taxed in India

NRI tax filing dates

Capital gains tax & TDS

Case Study: Capital Gain Tax or TDS? The larger concern

List of documents

Mortgage

Power of Attorney and its relevance to NRIs

NRI: why invest before selling a Property

Tax deduction at Source (TDS) while buying a property in India from an NRI

NRIs and Inherited Properties

Exclusive Services Offered by Square Yards to NRIs

Further Reading

Many NRIs have invested in the Indian real estate market and many more are seeking good

opportunities to enter the market. We share most important information that can help an

NRI buyer invest in the Indian real estate market.

Special focus has been given on taxation in respect to NRIs to explain tax norms.

NRIs across the globe are major investors in real estate especially in their home country.

India is growing at a rapid pace, emerging as one of the fastest growing economies in the

world. The present government has also focused its energy to improve the nation’s

infrastructure, giving a stimulus to its real estate sector.

Other marked regulatory efforts including the Real Estate Act and GST are also a major plus

for NRI’s as they bring in more structure, more clarity in procedures and rules.

Ever since its inception, SquareYards has strived to bring in a transparent and value dealing

for the NRI community. This brief guide is our yet another effort in the same direction.

- Editorial Team, Square Learning

NRIs and PIOs

Who is an NRI?

NRI is an abbreviation for Non-Resident Indian. It refers to a citizen of India who resides/ works

abroad.

Who is a PIO?

PIO or Person of Indian Origin is a term used for those individuals who were either at one time holders of

an Indian passport or their ancestors were Indian citizens.

Residential status

A person is considered an Indian resident for a financial year:

If the person has been in India for at least 6 months (182 days to be exact) during the financial year

OR

A person has been in India for 2 months (60 days) for the year in the previous year and have resided for one

whole year (365 days) in the last four years.

A PIO is a person who, or any of his parents, or any of his ancestors were born in undivided India.

A person is an NRI if none of the above conditions are met.

Analyzing the NRI investment pattern in Indian real estate

India has always been an attractive destination for NRI investors, mainly in the real estate sector. According

to industry experts, the investors from Gulf countries have a considerably higher level of interest in

the properties in India as compared to other countries. In the recent years, there has been an unexpected

rise in the demand from NRIs of the Middle East. Apart from the GCC countries, the NRI segment from

Australia, Malaysia, USA, and UK have also shown significant amount of interest in the real estate sector.

In comparison to the last year performance, the investments have gone up by approx. 50% and developers

could see more interest from NRI buyers & with the rupee depreciation developers hope to see more

interest from NRI investors.

Looking at the property price trend, it has been accelerating at about 40 per cent annually and this trend is

unlikely to fall in the real estate future.

There are 3 main reasons for NRIs to invest in India:

1. Rupee depreciation

2. Appreciation on investment in future

3. Attractive schemes offered to NRIs

The top metros Mumbai, Gurgaon, Bangalore, and Chennai are the areas where the NRIs are keen to invest

because of the real estate boom in these metros. Moreover, some of the renowned developers like Godrej,

Shapoorji Pallonji, Mahindra Lifespaces, Puraniks etc. are focusing on special structured deals exclusively for

NRIs. Therefore, these metros are called as NRI investment driven locations.

Apart from these cities, NRIs who are looking for a second home, are finding suburbs of Mumbai, Pune,

NCR (especially Noida), Kochi, Jaipur very apt this purpose.

Apart from this, the India Laws have helped in boosting the NRI investments in India. With the simpler laws,

attractive government schemes under the guidance of FEMA (Foreign Exchange Management Act) and RBI

regulations, NRI are very much assured as well as optimistic about these government schemes.

One such example of the rule is; per RBI, anyone who belong to Indian origin and has an Indian passport can

invest in the real estate of India i.e.; both residential and commercial

For NRIs, real estate is such a lucrative sector which will fetch them good results in the long run with minimal

risk factor attached to it.

Scope of NRI Investments in Indian Real Estate

The years 2012 & 2013 were the watershed years in terms of growth for the country. The policy paralysis

was biting and the expected growth was stalled. It was a routine to read about the squabbles in the corridors

of power due to non -movement of file. The rupee was at its depreciated worst and pessimism was in the

air. Developers were sitting on their projects and investors were on a wait and watch mode.

And then the NRI community came to the rescue like a knight in shining armor. A depreciating Rupee was

acting as a catalyst to the Dollar and Dirham earning NRI with additional buying power. His INR 1 Cr was now

actually INR 1.3 Cr. With more money and confidence, our boy was out in the market picking his

strawberries.

However, at this point the reasons for investing in India also changed. The investments now made in the

country were more practical than emotional. Parameters like capital appreciation, resale value and future

rental returns became common parlance.

Rather than looking at a nearing completion project or a ready project which made more lock and key sense,

the investor was now thinking from an actual investor point of view.

From a contribution of 25% the NRI segment now comprises of 35% to 40% of any developers’ portfolio.

Fundamental points an NRI considers before buying a property

1. Developed or under developed or developing area

2. Pre-launch or launch price

3. Short term or long term appreciation

4. Infrastructure development

5. Exit options and charges

6. Local development in the area

7. New township planning

What is NRE, NRO & FCNR account

NRE – Non-Resident external saving account

NRO – Non-Resident ordinary savings account

FCNR – Foreign currency nonresidential account

Should a NRI file Income Tax return in India?

Any individual whose income exceeds INR 2,50,000 (for FY ending 31st March 2015 or INR2,00,000

for FY ending 31st March 2014) is required to file an income tax return in India.

NRIs must file their returns when they:

Want to claim a refund

Have a loss that they want to carry forward

Note: Normal tax slab is applicable to an NRI irrespective of NRI’s age. (For residents’ senior citizen

and super senior citizens have a different slab)

Is income earned abroad taxable?

Depends on Residential Status:

If “Resident”: Global income will be taxable in India

If “NRI”: Only income earned and accrued in India is taxable in India

Income Earned and accrued in India

Incomes earned and accrued in India taxable for an NRI

Income from a house property situated in India

Capital gains on transfer of asset situated in India

Income from Fixed Deposits or interest on savings bank account.

Income which is earned outside India is not taxable in India.

Interest earned on a NRE account and FCNR account is tax free.

Interest on NRO account is taxable for an NRI.

Last date to file income tax return in India

The last date to file income tax return in India for NRIs 31st July

If there is no tax payable (that is all tax has been deducted at source), a NRI can still file tax return by 31st

March without any penalties

If there is tax payable, a NRI can still file returns by 31st March but will be charged an interest of 1% per

month for every month of delay starting from 31st July 2015 (section 234A) till the time of filing tax returns

If a NRI does not file tax returns even by the 31st of March, he may be charged a penalty of INR 5,000 for

every year of delay, or sometimes may not be able to file returns at all after 2018

Note: If income tax is filed after due date

loss incurred under head “Capital Gains” cannot be carried forward to next year

In case of a refund the NRI is not eligible to receive interest on refund for period of delay

Additional info: Disadvantages

Note that one can file income tax return even after the due date. Such returns are called belated

returns. However, there are some disadvantages of filing a belated income tax return:

One cannot carry forward the losses incurred during the head under ‘Capital Gains’ or ‘Profits and

Gains of Business or Profession’

One cannot revise such return later

One may have to pay interest under section 234A @ 1% per month (or part thereof) of delay in filing

the return. Such penal interest is computed on the amount of income tax due as on the first day of

the assessment year. Therefore, if someone did not have any outstanding tax liability as on that date

then the amount of penal interest under section 234A will be Nil.

In any case, a belated return cannot be filed after 2 years from the end of the relevant financial year.

Central Board of Direct Taxes (CBDT) in India issued a notification which has made it mandatory for

individuals who have annual gross total income more than INR5 lakh to file their returns online from

Assessment Year 2014-2015. This applies to all individuals including non-resident Indians. So, as an

NRI with gross total income exceeding INR 5 lakh in Assessment Year 2014-2015, one must file

returns electronically.

Some Acts concerning NRIs

Foreign Exchange Management Act

Income-tax Act

Foreign Exchange Management Act

Non-Resident Indian has the permission for the following activities regarding acquisition and transfer of

immovable property in India: -

1. Acquire immovable property other than agricultural land/plantation property or a farm house by way

of purchase subject to the conditions regarding RBI rules mentioned in clause (a) of the Regulation;

2. Acquire any immovable property other than agricultural land / plantation property / farm house by

way of gift from an Indian citizen resident outside India or from a PIO;

3. Acquire property by inheritance;

4. Transfer by way of sale any immovable property other than agricultural / plantation property of a

farm house by way of sale to a person resident in India;

5. Transfer agricultural land / farm house or plantation property way of gift or sale to an Indian citizen

resident in India;

6. Transfer residential or commercial property in India by way of gift to a person resident in India or to a

person resident outside India who is a citizen of India or to a person of Indian origin resident outside

India.

Tax Implication – Property in India

Self-Use

Rental income

Self-Use

If an NRI owns only one Global property and that property is in India. Then that single property is

considered for “self-use” and there is no tax payable under Income tax for the same.

Loan from Bank

Benefits of 80 C as deduction for principle component

Interest on Home loan

The remittance of the amount for down payment can be done from the place of residence by

normal banking channels, i.e., NRO/NRE account in India.

The NRI should repay his principal amount as well as interest part from that similar channel only

Rental Income

Income from House property (Rent)

Less: property tax

30% deduction

(repair, maintenance, & collection charges)

Interest on Home Loan

The net figure computed after allowing for above deductions would be liable for income tax as per the

Income Tax Slabs of the NRI receiving rent.

Should NRIs must pay advance tax?

If tax liability exceeds INR 10,000 in a financial year, NRIs are required to pay advance tax.

Interest under Section 234B and Section 234C is applicable when one doesn't pay advance ta

Other Provisions for Income from House property (NRI’S)

According to the Indian Income Tax Act, if a person (resident or NRI) owns more than one house

property, only one of them will be deemed as self-occupied.

There will be no income tax on a self-occupied property.

The other one, whether One rent it out or not, will be deemed to be given on rent.

A deemed rental income on the second property and pay the tax thereof.

TDS on Rent paid to NRI under Sec 195

A tenant who pays rent to an NRI owner must remember to deduct TDS at 30%. The income can be

received to an account in India or the NRI's account in the country he is currently residing

Rent can to be credited only to NRO account of the NRI; It cannot be credited to NRE account, unless the

tenant is also a NRI and it paying from his current NRI account.

Note: - Practically deducting TDS comes into picture more into picture more in commercial property; than residential.

In cases were an NRI is renting out property a POA is generally executed for local co-ordination.

Capital Gains & TDS

If case of sale of a house property and have a long-term capital gain, the buyer shall deduct TDS at 20%.

Section 54

Basic conditions

Following conditions should be satisfied to claim the benefit of section 54.

The benefit of section 54 is available only to an individual or HUF.

The asset transferred should be a long-term capital asset, being a residential house property.

Within a period of one year before or two years after the date of transfer of old house, the taxpayer should

acquire another residential house or should construct a residential house within a period of three years from

the date of transfer of the old house. In case of compulsory acquisition, the period of acquisition or

construction will be determined from the date of receipt of compensation.

With effect from assessment year 2015-16 exemption can be claimed only in respect of one residential

house property purchased/constructed in India.

If more than one house is purchased or constructed, then exemption under section 54 will be available in

respect of one house only. No exemption can be claimed in respect of house purchased outside India.

Amount of Exemption

Exemption under section 54 will be lower of following:

Amount of capital gains arising on transfer of residential house;

OR

Amount invested in purchase/construction of new residential house property

Consequences if the new house is transferred

Exemption under section 54 is available in respect of rollover of capital gains arising on transfer of

residential house into another residential house.

The restriction is in the form of prohibition of sale of the new house.

If a taxpayer purchases/constructs a house and claims exemption under section 54 and then

transfers the new house within a period of 3 years from the date of its acquisition/completion of

construction, then the benefit granted under section 54 will be withdrawn

Tax Liability – Under construction Property

Under construction property – A property till possession offered, is considered as ‘Right to purchase’

& not a purchased property.

The period of 3 years for computing LTCG (Long term capital gains) starts from the date of taking

possession and not from the date of booking.

Therefore, if sold before taking possession (even if 36 months have passed since booking) liability

will be only for STCG (Short term capital gains) will arise.

Capital Gain Deposit Account Scheme

To claim exemption under section 54, the taxpayer should purchase another house within a period of

one year before or two years after the date of transfer of old house or should construct another house

within a period of three years from the date of transfer.

If till the date of filing the return of income, the capital gain arising on transfer of the house is not utilized

(in whole or in part) to purchase or construct another house, then the benefit of exemption can be

availed by depositing the unutilized amount in Capital Gains Deposit Account Scheme in any branch of

public sector bank, in accordance with Capital Gains Deposit Accounts Scheme, 1988 (hereafter referred

as Capital Gains Account Scheme).

The new house can be purchased or constructed by withdrawing the amount from the said account

within the specified time-limit of 2 years or3 years.

Non- utilization of amount deposited in Capital Gain Deposit

Account Scheme

If the amount deposited in the Capital Gains Account Scheme in respect of which the taxpayer has

claimed exemption under section 54 is not utilized within the specified period for purchase/construction

of the residential house, then the unutilized amount (for which exemption is claimed) will be taxed as

income by way of long- term capital gains of the year in which the specified period of 2 years/3 years

gets over.

Double Taxation Avoidance Agreement in perspective of tax

paid by NRIs

The DTAA provides that the capital gains will be taxed in the country where the immovable property is

situated. Hence, the non-resident will be subject to tax in India on the capital gains which arise on the sale of

immovable property in India. Letting of immovable property in India would be taxed in India under most tax

treaties since the property is situated in India.

Case Study: Capital Gain Tax or TDS? The larger concern

Mr. Sukhbir Chaddha is a Non-Resident Indian. He had bought a residential property in India in April 2009 for a sum of

INR 75 Lakhs and now in November 2015 he is selling the property for INR 1.5 Crores.

Let’s understand what all are the implications of such transactions from the view point of Capital Gains Tax and TDS

Capital Gains Tax:

Date of Purchase: April 2009

Date of Sale: November 2015

Indexed cost of property: 1.22 crores

Cost Inflation

Index Year 2009 -10: 632

Year 2014 -15: 1024

Indexed Cost

7500000 * 1024/632 = 12151895

Fox this example lets round it off to 1.22 Crores

Capital Gain: 1.5 Crores – 1.22 Crores = 28 Lakhs

Capital Gain Tax Liability: 28 Lakhs X 20 % = 5.56 Lakhs

Tax Deducted at Source (TDS):

If any NRI is selling property in India to a Resident Indian, TDS should be deducted by the buyer under Section 195

from total consideration value.

Current TDS Rate: 20 %

TDS: 1.5 Crores X 20 % = 30 lacs

Note: TDS rate for Resident Indian is 1% under Section 194/A4

Non-deduction of TDS leads to penalty to the buyer

Let’s look at the situation now:

The seller of the home i.e. Mr. Chaddha has a tax liability of 5.56 lacs, against this tax liability the buyer would deduct

a sum of 30 lacs /- as TDS and deposit it with the Income tax department. This means that Mr. Chaddha must wait to

file his Income Tax returns and then get a refund of the differential amount.

What is the way out?

The desired outcome of such a transaction should be:

NRI receives the payment of 1.5 Crores with no TDS being deducted and

His Tax Liability of 5,56,000/- need not arise Use section 54 + NIL tax exemption from the Income Tax department

Step 1: Invest in a new Property at least 1 year before selling existing property as under section 54 (Minimum value of

new property should be equal to Capital Gains arising out of selling existing property. In this case 28 lacs)

Step 2: Apply for a NIL tax exemption certificate from the Income Tax department which the department will issue the

certificate based on the assessment

Step 3: The original certificate can be given to the buyer who then need not deduct TDS. This way TDS is not deducted

and since an investment into new property is already initiated Capital gains liability also does not arise.

List of documents required for NRI investment into real estate

Latest work permit

Bank statement for 4 months or NRE/NRO a/c 6 months’ statement

PIO/OCI card

Property agreement duly registered or other related docs

Income Tax returns last three years

Bank a/c statements for last 6 months for company and individual, both

Passport/visa copy

Power of Attorney (if applicable, in respective bank’s format)

Credit check report

Mortgage

NRIs can easily avail loans for purchase of property.

However, the loan amount should not exceed 85% of the cost of the housing unit.

Own contribution, which is the cost of housing unit financed less the loan amount, can be met from

direct remittances from abroad only through normal banking channels, Non-Resident (External) [NR

(E)] Account and /or Non-Resident (Ordinary) [NR (O)] account and /or Non-Resident Special Rupee

account [NRSR] in India.

Reimbursement of the loan, comprising of the principal and interest including all the charges are to

be remitted from abroad only through normal banking channels, Non-Resident (External) [NR (E)]

Account and /or Non-Resident (Ordinary) [NR (O)] account and /or Non-Resident Special Rupee

account [NRSR] in India.

Power of Attorney and its relevance to NRIs

NRIs are one of the largest contributors to India’s real estate Industry. While staying abroad, NRIs are

actively looking to invest in the Indian realty markets that is further fueled by the positive outlook of Indian

realty & a depreciating Indian Rupee.

However, since NRIs are not physically present to make an investment, there involvement in the Indian

realty markets are not devoid of challenges. To bridge the gap, the Power of Attorney (POA) can be an

important document

What is a Power of Attorney?

POA is a legal document authorizing someone else to represent a person and perform certain acts or

functions on once behalf. In legal terms, it is a written document in which one person (the principal)

appoints another person to act as an agent on his or her behalf, thus conferring authority on the agent to

perform certain acts or functions on behalf of the principal.

Use of POA in Real Estate:

In Real Estate, a power of Attorney is executed to undertake following activities

Buying & registering the property

Perform actives related to Home Loan execution

Executing rent contact & rent collection

Manage & settle matters related to real estate

Two types of Power of Attorney used in Real Estate Transactions:

General POA / Registered POA

This is a broader POA. In this the Agent has the right to carry-out all legal transactions on behalf of the

principal.

Special Power of Attorney

This power of attorney is time and activity bound. It is generally executed for a specific purpose and ceases

to exist once the purpose is achieved.

Execution of POA by an NRI

The POA can be executed on a stamp paper or plain paper. NRIs need to sign the POA before a consulate

officer or a notary. The signature on the deed then needs to be attested by the consulate officer or notary.

It is recommended to get the POA attested by the Indian consulate which gives it more credibility. The POA

then should be sent to India, where it will be presented for adjudication within three months.

Adjudication of the POA (Power of Attorney)

Adjudication is the process of registering the POA document in the registrar’s office in order for it to be

accepted as a registered POA. This way the POA cannot be misused by altering it, since the document will

remain with the registration department (The stamp duty to be paid for the POA registration varies for each

state in India). A copy of the document can be obtained even several years after the actual transaction, if

someone wants to validate and verify its authenticity.

Why should an NRI invest before selling a Property

Whenever a property is sold to anyone whether an NRI or a resident, taxes are levied. Depending on the

duration for which the property was held, the nature of the taxes could be Long Term Tax (where property is

held for more than 36 months) or a Short-Term Tax (where the property is sold in less than 36 months).

In case of Long Term, the tax is 20% (post indexation) whereas in case of Short Term capital gain is taxed as

per applicable income tax slab rates applicable.

TDS applicable on NRIs

While saying a property, an NRI seller must pay a tax of 20% on the transaction made (the value is 1% in case

the seller is a resident. The onus of this tax collection & deposit lies with the buyer).

Ways to Save Capital Gain Tax & TDS

Under Section 54 & Section 54EC, NRIs can claim exemptions from Capital Gain Tax & TDS while selling a

property.

Section 54

To claim exemption under section 54, following conditions should be met

A new residential property should be purchased or constructed to claim the benefit

The property should be a residential property situated in India & should be one single property. It cannot be

spread across multiple properties

The new property should be purchased 1 year before the sale of the property or two years after the sale of

the property. In case the new property is under construction, it should be constructed within 3 years from

the sale of the property.

In case the new property is sold within 3 years of purchase, exemption claimed from the sale of the property

will be reversed.

Key points to be Noted

To claim full exemption entire capital gains, must be invested

The property should be bought in the name of the seller

Section54EC

The seller has an option to save long term capital by investing gains in certain type of bonds. These include

Bonds issued by National Highway Authority of India (NHAI) & Rural Electrification Corporation (REC) bonds

Key points

These bonds have a lock on of 3 years and cannot be redeemed before completion of 3 years from the sale

of the property.

Minimum amount of investment is INR 10,000 and maximum amount is INR 50,000

The seller is given 6 months to invest in these bonds after the sale of the property. However, this investment

must be done before the tax filing date.

If a seller makes these investments before selling the property and shows pertinent proof to the buyer,

there will be no deduction of TDS and Capital Gain Tax.

Tax deduction at Source (TDS) while buying a property in India

from an NRI

As per Income Tax Act 1961, under section 195, NRIs who are selling a property in India are liable to pay

taxes that is in tune of 20% on the transaction made. This rate is 1 % in case of a Resident.

Interestingly, the buyer must deduct the tax at source before crediting such payment. In effect when a

property buyer is buying a property from an NRI, the buyer is liable to deduct tax (TDS) from the payment/s

made. This deduction is to be made irrespective of whether there is gain or not, and non-compliance to this

tax rule can attract a penalty on the buyer.

Rate of Deducting this TDS

Sale of immovable property by a Non-Resident Indian is taxable under the income tax under Chapter XII-A of

the Income Tax Act, more specifically under section 115E of the Income Tax Act 1961. As discussed above,

the rate of tax is 20% of the Total Consideration Value.

It should be noted that if the transaction is a loss, the NRI can obtain refund. He/ She needs to file income

tax returns in India to claim refund of excess amount deducted.

Process and few important points for TDS deduction

The buyer should have a Permanent Account Number (PAN)and Tax Deduction Account Number (TAN) as

per section 203A of the Income Tax Act 1961.

The buyer should have Permanent Account Number (PAN) of the NRI before deducting the tax.

The buyer should deposit the tax deducted with the government within seven days from the end of the

month in which the transaction is made.

The buyer should also file TDS returns electronically – to be submitted in Form No 27Q with basic details of

the NRI along with his/ her PAN and TAN details.

The Buyer after filing TDS should issue a TDS certificate in Form 16A to the NRI within 15 days.

Situations where TDS is not deducted

There are certain situations under section 54 in which an NRI can get waiver of TDS. For instance, under

situation when the NRI is planning to re-invest the capital gains of the property in another property or in tax

exempt bonds within the stipulated time. In such cases, the NRI will be exempt from tax in India and would

not like to have TDS deducted. For this, they should apply for a tax-exemption certificate under Section 195

of income tax act.

NRIs and Inherited Properties

Generally, NRIs inherit property from their elders who have always lived in India. In any case, the place of

residence does not matter as property owned by NRIs can also be inherited by another nonresident. The

main condition is that the property ought to have been obtained under the rules of the Foreign Exchange

Management Act (FEMA) that were in presence around then of the buy of the said property.

Additionally, there is no limitation on the kind of property that a NRI can obtain as inheritance apropos the

limitations regularly put on the sort of property that the NRI can buy.

Taxes related to inherited property:

For inherited properties, no tax is applicable at the time of inheritance. However, a wealth tax might be

charged if the estimation of the property is more than INR 30 lakhs (This sum of INR 30 lakhs should be the

sum after deductions like home loans).

There are a few legitimate means by which this tax can be saved. Leasing the property is a straightforward

and ideal approach to maintain a savings from this tax. Notwithstanding, it must be guaranteed that the

property is leased for over 300 days in a year. Wealth tax won't be material if the acquired property is the

only one NRI claims to own in India. For this saving on tax, property possessed by a Non Resident outside the

nation won't be included. The exclusion for this is represented by Section 5 of the Wealth Tax Act.

What can a NRI do with such assets?

For the Non-Resident Indian who lives abroad, there are a few alternatives that can make the benefit in the

nation of origin work in his/her support.

Firstly, the property can be leased. This is a certain approach to profit from the legacy. There are no

extraordinary norms that are material here. For NRIs who are not interested in coming back, selling is a

preferable option. One point to note in this context is that rural lands that is acquired can be sold just to a

subject of India dwelling in the nation.

Repatriation of remains from the trade of inherited property:

There are a few confinements on the repatriation of monetary remains of acquired property. On the off

chance that these tenets are taken after, then there is no compelling reason to acquire consent from the

RBI. Authorization applies just to those properties that are acquired from persons who are non-inhabitants

themselves. Verification of bequest must be submitted and the aggregate repatriation sum must not surpass

1 million US dollars in a monetary year.

Exclusive Services

Offered by Square Yards

to NRIs

Property Identification:

Developer due diligence, Technical Research & Analysis

Transactional Support:

Site visits, pricing / Inventory

Negotiation, Distress Sales Support

Financial Support:

Mortgage & Financial services, Administrative &

Legal support

Product Portfolio: Residential,

Commercial, Leasing, Land, Global Projects

Portfolio Structuring & Management:

Diversification across globe &

various segments, Resale &

Repatriation

Service for Life:

Dedicated Relationship

Manager

and Property Management

Services

Further reading

https://www.rbi.org.in/scripts/faqview.aspx?id=52

http://mea.gov.in/images/pdf/acquisition-and-transfer-of-immovable-property-in-india.pdf

http://www.incometaxindia.gov.in/pages/non-resident-specific-content.aspx

http://www.squareyards.com/blog/category/buyers-corner/nri/

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