Home Buying Guide For NRI's in India

The Indian real estate sector is estimated to reach US$ 1 Trillion by 2030 and contribute 13% to its GDP by 2025. These statistics prove the size, scale, and opportunity it presents to investors looking to grow their wealth. The first step towards investing in Indian real estate would be to create an NRE account that facilitates transactions for NRIs in India and their country of residence. Another mandatory document for NRIs is the PAN card with a unique PAN number that serves as an identity.

After getting these documents, NRIs should consider the following guides while buying property in India.

1. Research

Real estate investment is capital intensive and conducting thorough research before investing will mitigate the risks involved. The best way to get all the relevant information needed is to attend property exhibitions conducted by the Confederation of Real Estate Developers Association of India (CREDAI) and similar organizations in the location of interest. These organizations organize exhibitions regularly for NRIs providing information about investment options, property variations, and spot loan offers. Evaluating real estate sites, for strong infrastructure, developer reputation, and history of similar projects is important.

2. Choice of Property

NRIs can buy residential and commercial properties excluding agricultural land, plantations, or farmhouses. These real estate transactions are overseen by FEMA, which has declared the guidelines for owning the property and managing the earnings arising from them. NRIs can fund investments by taking home loans and managing their transactions via NRE or NRO accounts. Choosing reputed developers for investment is the safest option as they can be assured of the quality of the projects.

3.Financial Planning

A project authorized by a national bank will be an ideal choice if it needs financing by a home loan. The bank will have performed the due diligence, and the cash disbursement will be done in phases. As per RBI guidelines, NRI buyers must pay a minimum of 20% of the property price in cash. The rest 80% can be financed by a bank loan. The investor must consider other expenses like stamp duty and registration charges too.

Why Invest in Kerala

The Kerala real estate market is booming and investing in it would yield high returns in the form of property value appreciation and rental returns. Emotional connection, favorable exchange rates, high returns, affordable prices, and legal safeguards are important factors that motivate NRI investors to invest in Kerala.

Why Choose ABAD Builders

ABAD Builders, established in 1995, has established itself as a trusted and reputed brand amongst the builders in Kerala. The company’s journey is characterized by a relentless pursuit of excellence, a commitment to ethical business practices, and a focus on customer satisfaction. Over the years, ABAD Builders has successfully delivered a diverse portfolio of residential and commercial projects, each a testament to the company’s unwavering dedication to quality and innovation.

Our Presence in Kerala

Abad Builders has completed and handed over more than 46 residential projects in Kerala. We take pride in comforting 3,500+ families with our award-winning high-quality residential projects. Our projects are in prime neighbourhoods of Kochi, Thiruvalla, and Kottayam. We are at the forefront of providing the highest quality construction, world-class amenities, and exceptional services and facilities. Our 4 upcoming projects in Kochi are examples of luxury living with modern amenities, plush green surroundings, and community living. Investors can rest assured of gaining exceptional returns by investing in these projects.

FAQs

01. Can NRIs invest in real estate properties in Kerala?
Yes, NRIs can invest in real estate properties in Kerala.
02. What are the best cities in Kerala for NRIs to invest in real estate?
The best cities for NRIs to invest in Kerala are Kochi, Kottayam, and Thiruvalla.
NRIs require a valid Indian passport, PAN card, and an Overseas Citizen of India (OCI) or Person of Indian Origin (PIO) card if applicable.
04. Are there any restrictions for NRIs on the type of property they can buy in Kerala?
Yes. NRIs can purchase residential or commercial properties in Kerala but cannot purchase the following real estate – agricultural land, farmhouses, and plantation land.
05. How can NRIs finance their property purchase with ABAD Builders?
NRIs can finance their property purchase through their wealth or by taking a loan from financial institutions. They are eligible to get a loan of 80% of the property value. The sanctioned loan amount is disbursed in Indian currency only, directly to the developer’s bank account. Repayment can be done by any of the following – inward remittance, rental income or transferring the money to a close relative’s account.
06. Are there any tax benefits for NRIs investing in ABAD Builders' properties?
The taxation rules for NRIs are the same as those for other Indian citizens. NRis are liable to taxation on income earned from their property. However, they enjoy the Double Taxation Avoidance Agreement (DTAA) which India has signed with more than 85 countries.

Get in Touch

Head Office

India

Phone: +91 9072349966
Email: info@abadbuilders.com

Middle East

Phone: +971 508460030
Email : uae@abadbuilders.com

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    ABAD BUILDERS PVT. LTD. Kochi Office
    8th Floor, Nucleus Mall & Office,
    N.H.85 (Kundannoor – Petta Road),
    Maradu. P.O, Kochi – 682 304.
    Ph: +91 0484-4105000,
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    ABAD Builders, set up in 1995, is Kerala’s first CRISIL-rated builder and has also acquired ISO 9001. The ABAD group, with a legacy that goes back to 1931, also has interests in seafood processing, hospitality services, facility & project management services and retail.

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