NRI Property Buying Guide — Invest in Mumbai Real Estate
Complete Step-by-Step Guide For NRIs To Buy Property in India
If you are a Non-Resident Indian dreaming of owning
property in Mumbai — you are making one of the smartest
investment decisions of your life. Mumbai real estate
offers strong appreciation, consistent rental income,
and the emotional satisfaction of owning a piece of
India. However buying property from abroad involves
unique legal, financial, and regulatory requirements
that can feel overwhelming without the right guidance.
At Kishan Realty we have helped hundreds of NRIs
successfully invest in Mumbai real estate — and this
complete guide will walk you through everything you
need to know.
Can NRIs Buy Property in India?
Yes — NRIs can freely buy property in India under
the Foreign Exchange Management Act (FEMA). Here
is what NRIs can and cannot buy:
NRIs CAN Buy:
- Residential properties (apartments, villas, bungalows)
- Commercial properties (offices, shops, warehouses)
- Multiple properties — no limit on number
NRIs CANNOT Buy:
- Agricultural land
- Plantation property
- Farmhouse property
(These require special RBI permission)
Important:
OCI (Overseas Citizen of India ) and PIO (Person of Indian Origin) card holders have
the same property buying rights as NRIs.
Step-by-Step Process For NRIs To Buy Property in Mumbai
Step 1 → Define Your Budget & Investment Goal
Decide whether you are buying for self-use, rental
income, or long-term appreciation. Set a clear budget
including property cost, stamp duty, registration,
interior, and maintenance costs.
Step 2 → Choose The Right Location
Mumbai offers diverse investment options — from
premium South Mumbai to high-growth Western Suburbs,
affordable Navi Mumbai to upcoming Thane corridor.
Choose location based on your goal — rental yield,
appreciation, or personal use.
Step 3 → Select a Trusted Real Estate Advisor
As an NRI you need a reliable local partner who can
do site visits, verify documents, negotiate price,
and manage the entire transaction on your behalf.
Kishan Realty specializes in NRI property advisory
with complete remote support.
Step 4 → Property Shortlisting & Virtual Tours
Share your requirements with us and we will shortlist
suitable properties, conduct site visits, and share
detailed video tours and reports — so you can evaluate
properties from anywhere in the world.
Step 5 → Legal Due Diligence
Before finalizing any property our legal team conducts
thorough title search, RERA verification, encumbrance
check, and complete due diligence — ensuring the
property is 100% legally clear.
Step 6 → Payment & Funding
NRIs can pay for property through:
- NRE account (tax-free repatriation)
- NRO account
- Foreign Currency Non-Resident account (FCNR)
- NRI home loan from Indian or overseas bank
Cash payments are strictly not allowed under FEMA.
Step 7 → Power of Attorney (If Required)
If you cannot be physically present in India for
signing documents, you can authorize a trusted
person through a registered Power of Attorney —
who can sign all documents on your behalf.
Step 8 → Agreement & Registration
Agreement for Sale is signed first followed by
Sale Deed registration at Sub-Registrar office.
Both buyer and seller or their POA holders must
be present for registration.
Step 9 → Property Handover & Management
After registration take possession of your property.
If you are not residing in India hand over management
to Kishan Realty — we will manage tenants,
maintenance, and rent collection on your behalf.
Documents Required For NRI Property Purchase
Identity Documents
- Valid Indian Passport
- OCI / PIO Card (if applicable)
- PAN Card (mandatory for property purchase)
- Aadhaar Card (if available)
Address Proof
- Overseas address proof
- Utility bills or bank statement
from country of residence
Financial Documents
- NRE / NRO bank account details
- Overseas bank account details
- Income proof (salary slips or
IT returns)
- Home loan sanction letter
(if taking loan)
Property Documents
- Agreement for Sale
- Title documents of property
- RERA registration certificate
- Approved building plan
- Encumbrance certificate
Kishan Realty NRI Desk — How We Help You
Remote Property Search
Share your requirements and budget — we shortlist
suitable properties, conduct physical site visits,
and share detailed video tours and inspection
reports so you can evaluate from anywhere.
Home Loan Assistance
We connect you with NRI-friendly banks and NBFCs,
assist with documentation, and follow up for
faster loan approval — making funding hassle-free.
Post-Purchase Management
After purchase we manage your property completely —
tenants, rent collection, maintenance, legal
compliance — ensuring consistent returns while
you are abroad.
.
Complete Legal Support
Our legal team handles title verification, RERA
check, due diligence, agreement drafting, POA
registration, and complete documentation —
without you needing to be in India.
Transparent Advisory
No hidden agenda, no developer pressure. We give
you unbiased advice on the best properties matching
your investment goals — your interests always first.
Regular Updates
Monthly property updates, rental reports, and
market intelligence — so you are always informed
about your Mumbai investment from anywhere in
the world.
Contact Us
We'd love to hear from you! If you have any questions, feedback, or need assistance, please feel free to reach out to us using the contact details provided. Our team is here to help and will respond as soon as possible. Thank you for getting in touch!
Phone
Office
One Lodha Place, Senapati Bapat Marg, near Lodha World Towers, Lower Parel, Mumbai, Maharashtra 400013