Exploring Opportunities: NRI Investment in India’s Real Estate Market
(the good kind!)
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FAQ
Why is Mumbai a good investment option
for NRIs?
for NRIs?
Mumbai is India’s financial capital and one of the most active real estate markets. From luxury sea-facing apartments to prime commercial hubs, the city offers strong rental yields and long-term appreciation — making it a smart choice for NRIs.
What types of properties in Mumbai are most popular with NRIs?
Premium apartments in South Mumbai, luxury high-rises in Worli and Lower Parel, modern gated communities in Powai, and investment-friendly options in Navi Mumbai and Thane are highly preferred by NRIs.
Can NRIs buy under-construction properties in Mumbai?
Yes, NRIs can invest in both ready-to-move-in and under-construction projects. However, under-construction properties usually require careful due diligence regarding the builder’s track record and RERA registration.
How much stamp duty and registration charges do NRIs pay in Mumbai?
NRIs pay the same charges as resident Indians. In Mumbai, stamp duty ranges between 5%–6% (depending on the location), plus 1% registration fee. Women buyers may enjoy a small concession.
Is rental demand strong in Mumbai for NRIs looking for returns?
Yes — Mumbai has one of the strongest rental markets in India, driven by working professionals, corporates, and students. Prime areas like Bandra, Powai, Lower Parel, and South Mumbai see consistent rental demand.
How can NRIs manage their property in Mumbai if they live abroad?
Most NRIs appoint a trusted local representative or give Power of Attorney to handle property management — from signing documents to managing rentals and maintenance. Professional property management firms in Mumbai are also a great option.
Are there any special permissions needed for NRIs to buy property in Mumbai?
No special permission is needed as long as you’re buying residential or commercial property. Agricultural land, farmhouses, and plantation properties are restricted unless inherited.
What are the common financing options for NRIs buying in Mumbai?
Payment can be made via funds in NRE/NRO/FCNR accounts, inward remittances through banking channels, or NRI home loans. Direct cash payments are not permitted.
What taxes do NRIs face when investing in Mumbai real estate?
NRIs are required to pay stamp duty and registration charges at the time of purchase, property tax on an annual basis, income tax on any rental income earned, and capital gains tax when the property is sold.
Can NRIs avail home loans for properties in Mumbai?
Yes. Many Indian banks and NBFCs offer home loans to NRIs for Mumbai properties. The process is online-friendly, but requires proper KYC, income proofs, and in most cases, a local Power of Attorney holder.
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