Eligibility, payment routes and verification steps for an NRI considering Indian commercial property.
What to know
An NRI may generally purchase permitted immovable property other than agricultural land, plantation property or a farmhouse. Before booking, verify buyer status, project records, the unit, agreement, permitted banking route, total cost and tax obligations.
Keep the full payment trail and use only official beneficiary details. Independent Indian legal and tax advice remains essential.
This guide is general information only. Confirm eligibility, documents, payment, tax and registration requirements with qualified advisers and the relevant authorised dealer bank.
Practical next steps
- Confirm your exact buyer category and the project record.
- Request current unit information, a complete cost sheet and draft transaction documents.
- Use official payment instructions and preserve the complete banking trail.
- Keep independent legal and tax review separate from the sales process.
Source referencesRBI Master Direction - Acquisition or Transfer of Immovable Property under FEMA; professional advice required for individual circumstancesRBI immovable-property directionUP RERA verification
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