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NoBroker NRI Services
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Customer stories
★ ★ ★ ★ ★
4.6/5, 2739 Reviews
Kunric Barua,UAE It was very difficult for me to coordinate my Tenant search from the US. The time difference plus the problem of coordinating with someone to show my Apartment was a horror. I bought the Owner Property Management Assure plan from NoBroker and everything was handled by my RM. I got regular updates and all I had to do was finalize a tenant. Right from House Inspection to Tenant Search to preparing the Rental Agreement, everything was done by NoBroker. I would definitely recommend this plan to all my NRI friends.
Srinivas,UK No broker is truly genie in the bottle when it comes to renting your apartment. I like to say thanks to my relationship manager & Field RMs who helped me close the deal. From tenant sourcing to finalizing the deal and preparing the final rent agreement, all was taken care by NoBroker
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Frequently Asked Questions
NRIs can invest in residential and commercial properties. Also, under FEMA 1999, NRIs can inherit agricultural land and plantation properties from Indian residents in India. Individuals interested in purchasing agricultural land must apply to RBI for approval.
The necessary documents include passport, visa, PAN card, Overseas Citizen of India (OCI) card (if applicable), and other documents as required by banks and authorities.
There are no specific limits on the number of properties NRIs can buy. However, they must comply with the regulations and ensure that they are not acquiring agricultural land without permission.
NRIs can fund their real estate investments through funds in their Non-Resident External (NRE) or Non-Resident Ordinary (NRO) accounts. They can also avail of home loans from Indian banks
Streamlined tax regime, indexation benefits, lower interest rates on home loans, advantageous currency movements, digitisation of procedures, and transparent regulations, collectively attract middle eastern investment.
Yes, Some Indian states offer incentives such as reduced stamp duty rates or waivers that apply to NRIs. Not only this, under special concessions, a reduced rate of 10% is applied to long-term capital gains.
Yes, NRIs can avail of home loans from Indian banks to finance their property purchases. The eligibility criteria and terms may vary between banks.
Yes, NRIs can sell properties in India and repatriate the sale proceeds (after taxes) up to a certain limit, provided they meet specific guidelines set by the Reserve Bank of India (RBI)
NRIs can complete property transactions in India through a Power of Attorney (POA) or by appointing a trusted representative. However, some transactions, like property registration, may require their physical presence.
Yes, NRIs can jointly purchase real estate properties with other NRIs or Indian residents, which is seen as a trend in recent markets. However, the payment for the property must be made using specific NRI channels, and ownership rights must be clearly defined.
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