How to Invest in Real Estate in India as an Overseas Citizen of India

Investing in Indian real estate as an Overseas Citizen of India (OCI) offers lucrative opportunities. With India’s growing economy and vibrant property market, OCIs can benefit from high returns and long-term value.

OCIs are permitted to invest in both residential and commercial properties in India. However, agricultural land, plantation properties, and farmhouses are generally off-limits unless inherited.

Eligibility

Research: Identify cities with high growth potential like Delhi, Mumbai, Bangalore, Chandigarh ect. Type of Property: Decide between residential, commercial, or mixed-use properties based on investment goals.

Property Selection

OCI Card: Ensure you have a valid OCI card. PAN Card: Obtain a Permanent Account Number (PAN) for tax purposes. Documentation: Prepare essential documents such as passport, proof of address, and OCI card.

Legal Requirements

Funding: Use NRE/NRO accounts for transactions. Home loans are available for OCIs from Indian banks. Taxation: Understand the tax implications, including capital gains tax and rental income tax.

Financial Aspects

Consult Real Estate Developer: Engage a reputable real estate developer familiar with OCI investments. Legal Assistance: Consult a lawyer for due diligence and to verify property titles. Register the Property: Complete the registration process, ensuring all legalities are followed.

Purchase Process