NRI Corner - Real Estate Investment in India

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    Real Estate Investment Opportunities for NRIs in UAE

    India is a country with a large and youthful population. It has contributed to an increase in the number of its citizens taking jobs outside the country. Among many countries, the UAE is a leading destination where tens of thousands of Indian diasporas reside. However, NRIs not only earn for themselves, but they also contribute significantly to the Indian economy by making investments in the country. Subsequently, the NRI market has been growing steadily over the past several years. NRIs are often seen investing in real estate in India, wisely so.

    Why is the Indian real estate market a good investment option?

    The real estate industry in India is expanding rapidly. By 2040, the real estate industry is projected to be worth Rs. 65,000 crores, or around 13% of the country's GDP. Despite the fact that the term "cautious investor" is still part of the vernacular, both major and small investors in India are rediscovering the advantages of investing in real estate. In addition, a sizable portion of the younger workforce, known as millennials, is also putting money into real estate to improve their living standards and secure their financial future.

    Benefits of investing in Indian Real Estate

    • NRI's Top Investment Choice

      • The purchase of real estate properties in India is a common form of investment among NRIs in the UAE. When purchased as a long-term investment, real estate proves to be a reliable source of profit. The real estate market in India's major cities has been consistently strong, making it a good investment opportunity. Many NRIs in UAE took advantage of the temporary stamp duty remission during the pandemic to invest in real estate and avoid paying a hefty fee.

    • Growing real estate value

      • Now is a good moment to invest, thanks to the rising value of real estate in India. You might also find promising real estate investment opportunities in the suburban regions outside of major cities. For instance, real estate has been booming in the ten to twenty-mile radius around major cities like Mumbai, Pune, Delhi, Gurgaon, Ahmedabad, etc.

    • High ROI on commercial properties

      • Additionally, commercial buildings provide excellent opportunities for investment in India's real estate sector. The high rate of return from rentals and leases on commercial complexes, buildings, etc., makes them a desirable investment. In addition, yearly rent appreciation is anticipated in several areas, providing another incentive for investors.

    Documents required for purchasing property

    During the process of purchasing real estate in India, an NRI will need to have the following set of documents.

    • Title Deed (in the name of the seller)
    • Sanctioned Building Plan
    • Commencement Certificate
    • Occupancy Certificate
    • Tax Paid Receipts
    • Encumbrance Certificate
    • Khata/Mutation Documents

    List of Classified documents for Salaried and Self-Employed NRI Applicants:

    Salaried NRI Applicants Self-Employed NRI Applicants
    Copy of a valid passport showing visa stamps Passport copy with valid visa stamps
    Documentation proving the intended account holder's NRI status, such as a copy of a valid visa or work permit. Information about the application and a copy of their business or trade license, or something similar, is required.
    Overseas bank A/C for the last 3 months showing salary credits 6 months of overseas bank account statements and NRE/ NRO account
    Latest contract copy evidencing salary/ salary certificate/wage slips Computation of income, P&L account and B/Sheet for last 3 years certified by the CA / CPA or any other relevant authority as the case may be (or equivalent company accounts)

    Why Adani Realty is an Optimum Choice for Investment

    India's property market is expanding at a dazzling rate, making it one of the most important drivers of national income and prosperity today. According to estimates, real estate already contributes 7% to our GDP and is projected to rise to 13% in the coming years. Because of this, many NRIs living in the UAE decide to invest in real estate in India.

    The innovative designs of Adani Realty, which include some of the most cutting-edge and luxurious dwellings available today, will provide you with the sense of belonging and security that you've been longing for.

    Offerings of Adani Realty

    A major participant in the international property industry, India, is on the rise. Due to the rapid urbanisation of India, prominent NRIs in the UAE are investing in residential and commercial properties in the country in return for promising substantial returns. And Adani Realty has left an indelible mark on some of India's largest and most recognisable metropolises.

    Presence across growth corridor

    Meticulously planned & quality construction

    Leading Real Estate Brand of India

    7000+ Happy Families

    Our Locations

    Our Projects

    Property in Ahmedabad

    Ahmedabad

    Residential-Projects

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    • Commercial-Projects
    • Clubs
      Properties in Gurgaon

      Gurugram

      Residential-Projects

      • Residential-Projects
      • Commercial-Projects
      • Clubs
        Properties in Mumbai

        Mumbai

        Residential-Projects

        • Residential-Projects
        • Commercial-Projects

          NRI/PIO/OCI Real Estate Investment Guidelines

          There are many guidelines that NRIs should be aware of, with taxation being the most important one.

          Does Capital Gains Tax (CGT) apply to NRI/PIO/OCI?


          The amount of tax payable to the government depends on whether the capital gains are long-term or short-term. Long-term capital gains take place when a property is sold after being owned for at least 24 months. When assets are sold after being kept for two years or less, the gains accrued by the sales of such properties are considered short-term.

          If an NRI sells a property after owning it for at least 24 months, the profit arising from this transaction will be considered a long-term capital gain and will be taxed at the rate of 20.6%. On the other hand, if NRIs sell their property after owning it for less than 2 years, the proceeds of such transactions will be covered under a short-term capital gain. Such capital gains will be taxed at the rate of 30.9%.

          However, there are some tax exemptions that NRIs can avail for their long-term capital gains. These tax exemptions are available under Section 54, Section 54 EC, and Section 54F.

          Testimonials

          Frequently Asked Questions

          An Indian citizen who stays abroad for employment/business/vocation or under any circumstances indicates an intention of an uncertain duration of stay abroad is a non-resident. (Persons posted in UN organisations and officials deputed abroad by Central/State Governments and Public Sector undertakings on temporary assignments are also treated as non-residents). Non-resident foreign citizens of Indian origin are treated on par with Non-Resident Indian citizens (NRIs).

          A Person of Indian origin means an individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal, or Bhutan) who holds an Indian passport at any time or whose father or paternal grandfather was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955.

          Under the general permission, the following categories can freely purchase immovable property in India:

          1. Non-Resident Indian (NRI) – that is a citizen of India residing outside India
          2. Person of Indian Origin (PIO) – that is an individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan) who at any time, held an Indian passport or whose father or grandfather was a citizen of India by virtue of the constitution of India or the Citizenship Act, 1955 (57 of 1955).

          However, the general permission covers only the purchase of a residential and commercial property.

          Non-resident Indians (NRIs) and overseas citizens of India (OCIs) don’t require prior approval for buying or selling immovable properties like houses in the country, according to the Reserve Bank of India (RBI).

          Yes, under the general permission granted by the Reserve Bank, property other than agricultural land/farmhouse/plantation property can be acquired by NRIs provided the purchase consideration is met either out of inward remittances in foreign exchange through normal banking channels or out of funds from the purchaser’s NRE/FCNR accounts maintained with the banks in India and a declaration submitted to the Central Office of Reserve Bank in form IPI 7 within a period of 90 days from the date of purchase of the property/final payment of purchase consideration.

          No. NRI/PIOs do not have the necessary authorisation to purchase agricultural land, plantation property, or a farmhouse in India. Such projects (proposals) will require specific consent from the Reserve Bank of India. The plans are being studied in consultation with the Indian government.

          Just the acquisition of property is not subject to income tax. However, any income derived from ownership of it, whether in the form of rent (if it is rented)/the annual value of the house (if it is not rented and is not the only residential property owned by that person in India), and/or capital gains (short or long term) arising on the sale of this house or a portion of it, is taxable in the hands of the owner.

          The Government of India has given general permission for NRI/PIO/OCIs to purchase property in India, and they are not required to pay any taxes while doing so. If they sell this property, however, paying taxes is a must.

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          Leave us a query and our representative will get back to you.

          Introducing Adani Realty, Where Your Dream Home Awaits

          Adani Realty offers great property options at affordable prices across India. At Adani Realty, we give the utmost importance to our client's satisfaction and happiness. Our residential and commercial properties are the perfect amalgamation of technical advancement and nature.

          Adani Realty caters to everyone – you, your parents, and your children! We believe in Adani Group’s guiding principles of ‘Nation Building’ and ‘Growth with Goodness’ that show us the path to expand our realty portfolio with newer accomplishments and remarkable developments.

          If you are an NRI and are looking to buy a residential or commercial property, take a look at the options Adani Realty has to offer. We offer properties in four major cities in India - Ahmedabad, Mumbai, Gurgaon, and Pune.

          In Ahmedabad, Adani Realty offers luxurious properties within the Shantigram Township and Jagatpur. People in Gurgaon can buy their dream homes in Adani Realty's projects at Golf Course Road and other posh residential areas. Meanwhile, we offer extravagant lifestyle living in Andheri, Byculla, and Ghatkopar in Mumbai. Besides, if you want a home with plush amenities in Pune, you can find the best options at Adani Realty's Atelier Greens in Koregaon Park.

          So, don't wait! Buy your dream home with Adani Realty now.

          NRI Home Loan- EMI Calculator

          Want to buy a home in India as an investment or for your family, but you're not a resident here? Especially considering the legal ramifications, making such a purchase from a distance might be challenging. Deciding upon the price of a property can be quite challenging. However, as a boon, Adani Realty has competitive rates for Non-Resident Indian Home Loans. Discover the monthly instalment required to maintain your NRI Home Loan with the aid of our EMI calculator.

          • Calculate the monthly payment of a loan.
          • Determine if you qualify
          • The monthly loan payment based on the principal borrowed

          Adani Group is an esteemed Indian infrastructure and construction company, and its newest section, Adani Realty, focuses on real estate. Adani Realty is totally dedicated to revolutionising the posh lifestyle. The company boasts excellent standards at affordable prices.

          • Years Young
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          • Happy Families