NRI Property Buying Rules
Complete 2025 Guide
Complete guide to NRI property purchase regulations
Who qualifies as an NRI?
An NRI (Non-Resident Indian) is an Indian citizen who resides outside India for employment, business, or other purposes indicating an indefinite stay abroad. PIOs (Person of Indian Origin) and OCIs (Overseas Citizen of India) have similar property rights with some restrictions.
What can NRIs buy in India?
NRIs can purchase residential and commercial properties in India without RBI approval. However, agricultural land, plantation property, and farmhouse purchases are prohibited for NRIs (unless inherited).
Payment Methods
NRIs must make payments through banking channels - NRE (Non-Resident External) account, NRO (Non-Resident Ordinary) account, or FCNR (Foreign Currency Non-Resident) account. Cash transactions are not permitted.
Required Documents
Valid passport, OCI/PIO card (if applicable), PAN card, address proof from country of residence, NRE/NRO bank statements, passport-size photographs, and Power of Attorney (if applicable).
Important Warnings
- Agricultural land cannot be purchased by NRIs
- Joint ownership with resident Indians requires separate documentation
- All payments must be through authorized banking channels
- TDS at higher rates applies to NRI property transactions