Everything NRIs Need to Know to Buy Property in India - Home Loan Blog - Tata Capital

Everything NRIs Need to Know to Buy Property in India

Mar 08, 2017

Purchasing a property in India is a dream even for Indians living overseas and to support that, the Indian government has simplified the process for NRIs to buy property in India, making it extremely easy for them to invest in property in India.


The eligibility criteria for Indians living elsewhere is categorised into three sections:

  • NRI - a citizen of India holding an Indian passport who has temporarily migrated to another country.
  • PIO - not a citizen of India but has ancestors who were Indian citizens.
  • OCI - anyone whose parents/grandparents were citizens of a territory that became part of India after 15th August 1947.

Property Type

Indians living elsewhere can buy any residential and commercial property, but not agricultural lands, farms or plantation property in India. The documents required to buy property in India include:

  • Address proof
  • PAN card (Permanent account number)
  • OCI/PIO card (In case of OCI/PIO)
  • Passport (In case of NRI)
  • Passport size photographs

Power of Attorney

The person does not have to be physically present at the location to purchase the property and it can be taken care of by the one who holds the power of attorney to make a purchase on their behalf. The POA has to be signed by the buyer before a consular officer or a notary at the Indian Embassy or Consulate.

Applying for a Loan

Even NRIs can avail a home loan from a financial institution to buy property in India. The documents required to be submitted for a home loan include:

  • Valid passport copy
  • Valid visa copy
  • POA signed
  • Copy of current salary certificate
  • Copy of previous appointment letters
  • Last three month's salary slip
  • Last six months bank statements

With this information at hand, buying a property in India becomes very easy for Indians living in another country.