FEMA rules, documentation checklist, tax implications, repatriation, Power of Attorney process — everything you need to invest in Fab Luxe Residences from anywhere in the world.
Under the Foreign Exchange Management Act (FEMA) 1999, NRIs have broad rights to own residential property in India
An Indian citizen residing outside India for employment, business, or other purposes indicating an indefinite stay abroad. Holds Indian passport. Full rights to purchase residential property under FEMA without RBI permission.
A foreign national (except Pakistan/Bangladesh citizens) who held Indian passport, or whose parents/grandparents were Indian citizens. Same property rights as NRIs under FEMA for residential and commercial property.
Issued to foreign nationals of Indian origin. OCI cardholders have the same rights as NRIs for purchasing residential and commercial property in India. No RBI permission required. Cannot purchase agricultural land.
From initial inquiry to registration — our NRI desk handles it all
Contact our NRI desk via WhatsApp, email, or phone. Schedule a virtual site tour of Fab Luxe Residences — high-quality video walkthrough of units, amenities, and location. Meet your dedicated NRI advisor over video call to discuss investment goals, unit preferences, and payment plans.
A PAN (Permanent Account Number) card is mandatory for property purchase in India. If you don't have one, apply via Form 49A (Indian citizens) or Form 49AA (foreign nationals of Indian origin) online through the NSDL or UTIITSL portals. Our team assists with this.
Open an NRE (Non-Resident External) or NRO (Non-Resident Ordinary) account with an Indian bank. NRE accounts hold foreign-earned funds and are freely repatriable. NRO accounts hold India-earned income. Payments for property must flow through these accounts — no direct foreign transfers to builder accounts are permitted.
If you cannot be physically present in India for registration, execute a notarized Power of Attorney authorizing a trusted representative (family member or legal counsel) to sign documents and complete registration on your behalf. The POA must be notarized locally and then apostilled or attested by the Indian Embassy/High Commission in your country of residence.
Pay the booking amount via NRE/NRO account. The builder issues an allotment letter. A Sale Agreement is signed (by POA holder if you're abroad). Subsequent payments as per construction-linked plan are made via banking channels. All payments are FEMA compliant.
Property is registered at the Sub-Registrar office in your name (or by POA). Stamp duty and registration charges apply as per UP state laws. At possession, your representative performs the physical handover. Our team coordinates every step.
Non-Resident External account holds foreign earnings converted to INR. Fully repatriable — both principal and interest can be sent abroad. Best for investment purposes.
Non-Resident Ordinary account holds India-earned income (rent, dividends). Funds can be repatriated up to USD 1 million per year after tax compliance. Widely used for property payments.
Foreign Currency Non-Resident account — holds deposits in foreign currency (USD, GBP, EUR, etc.). Protects against rupee depreciation. Fully repatriable including interest.
Understanding your tax obligations helps maximize net returns. Always consult a qualified chartered accountant.
When an NRI sells property to a resident Indian buyer, the buyer must deduct TDS (Tax Deducted at Source) before making payment to the NRI seller.
NRI can apply for a lower TDS certificate from the Income Tax Department if actual gains are lower than the full sale value.
Capital gains tax applies on profit made from selling property. The holding period determines the tax rate.
Section 54EC: Invest LTCG in REC/NHAI bonds within 6 months of sale — exempt from LTCG tax.
India has Double Taxation Avoidance Agreements (DTAA) with 90+ countries. NRIs can claim relief to avoid paying tax on the same income in both India and country of residence.
After selling property, NRIs can repatriate proceeds outside India subject to FEMA regulations and tax compliance.
Proceeds must first be credited to NRO account, after which repatriation is possible subject to the limit above.
The above is general guidance only and is not tax advice. Tax laws are subject to change. Please consult a qualified Chartered Accountant or tax advisor familiar with NRI taxation for personalized advice before making investment decisions.