Eligibility
Who can buy
NRIs and OCIs can generally buy residential property in India under FEMA rules, without separate RBI approval. Agricultural land, plantation property and farm houses need RBI permission.
Home/NRI Buyers
Godrej Blue Kolkata for NRI Buyers – Property Guide
A plain guide for buyers living abroad: how we help, what the basics look like and what to check before you pay.
How we help
How ARFL REALTY FIRST Helps NRI Buyers
ARFL REALTY FIRST serves buyers in India and the UAE and works with overseas buyers by phone and video.
- Video or WhatsApp consultation in your time zone
- Layout comparison and a clear price sheet
- Site visit coordination, including for a family member
- Document checklist and step-by-step coordination
- One point of contact from enquiry to booking
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The basics
Buying Residential Property in India as an NRI or OCI
Payment
How to pay
Payment must come through normal banking channels, for example inward remittance from abroad or an NRE, NRO or FCNR(B) account. Keep the bank records for every payment.
Paperwork
Documents
Expect to share your passport, PAN, address proof and photographs. If you sign from abroad, documents and any power of attorney must be executed and attested as the law requires. Ask your lawyer.
This is general information, not legal or tax advice. Rules change. Please confirm current rules with your bank, a chartered accountant and a lawyer.
Before you pay
What to Check Before You Book
- The project RERA registration (%s) on rera.wb.gov.in, including the promoter name and completion date
- The full price sheet: base price, floor premium, GST, car parking, stamp duty and registration
- The payment schedule and which milestones apply to your flat
- The agreement for sale, read in full before any payment
- The possession date in writing
A balanced view
No promises on returns
We do not promise rental income, price growth or returns. Property values can fall as well as rise, and exchange rates, taxes and holding costs affect what you earn or save. Decide on your own needs and take independent advice.
Tax and repatriation
Money, Tax and Repatriation
Tax on rent and on sale, and the rules for sending money abroad, depend on your situation and change from time to time. Repatriating sale proceeds is allowed only within the conditions set by the RBI and by tax rules. Speak to a chartered accountant who knows NRI taxation before you commit.