RBI and FEMA Rules
Can NRIs and OCIs Buy Property in India?
What the RBI allows NRIs and OCIs to buy, how to pay, gifts, inheritance, selling and repatriating sale proceeds: a dated summary of the RBI FAQ.
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Advisory response
Short Answer
Can NRIs use this advisory from abroad?
NRI and OCI Property Rules is built for NRI buyers who need a controlled Ahmedabad property search from outside India. What the RBI allows NRIs and OCIs to buy, how to pay, gifts, inheritance, selling and repatriating sale proceeds: a dated summary of the RBI FAQ. The advisory focuses on shortlist quality, remote walkthroughs, RERA and title checks, POA coordination, transaction flow, and handover support.
Allowed: residential and commercial property. Not allowed: agricultural land, farmhouses, plantation property.
NRIs and OCIs checking eligibility before shortlisting.
Primary next step: request private advisory.
Advisory View
What buyers should know
Yes: Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) can buy residential and commercial property in India, but not agricultural land, farmhouses or plantation property. This page summarises what the Reserve Bank of India's FAQ on purchase of immovable property (updated 6 April 2023) says, as read on 30 October 2026. It is general information, not legal advice.
Market Signals
- 01Allowed: residential and commercial property. Not allowed: agricultural land, farmhouses, plantation property.
- 02Pay through Indian banking channels: inward remittance, or an NRE, FCNR(B) or NRO account.
- 03Repatriation of sale proceeds for residential property is limited to not more than two properties.
Best Fit
- 01NRIs and OCIs checking eligibility before shortlisting.
- 02Families planning how to pay for, gift or inherit a property in India.
- 03Owners abroad planning a future sale and repatriation.
Remote Advisory
Our Remote Purchase Process
We represent NRI buyers with strict adherence to RERA guidelines, clean title checks, and coordinated banking flows. Here is how we purchase safely from abroad.
Briefing & Needs Mapping
Timezone-flexible call to outline requirements, financial expectations, and exit horizons.
HD Virtual Walkthroughs
Detailed video assessments of the home layout, context, and immediate neighbourhood.
Legal & RERA Verification
Thorough legal checks on land title clearings and builder RERA registrations by legal partners.
FEMA & Banking Flow Setup
Step-by-step guidance on setting up NRE/NRO transaction accounts and capital routing.
Power of Attorney Setup
Consular/embassy attestation support for registering a local POA to execute on your behalf.
Remote Registration & Snagging
Registry execution and final on-ground physical snag checking before possession.
Advisory Connection
Connect with an Advisor
Schedule a timezone-friendly virtual consultation over Zoom/Meet or chat instantly on WhatsApp for real-time corridor updates.
Typical response
< 2 hours
Execution Details
NRI Property Centre Details
One trusted Ahmedabad team for project shortlisting, video inspections, developer verification, negotiation support, documentation coordination, registration assistance and post-purchase property management.
Last editorial update: October 30, 2026. Source: RBI FAQ on Purchase of Immovable Property (updated as on April 6, 2023), which refers to the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 and Master Direction No. 12. Rules can change; confirm your transaction with a qualified Indian lawyer, chartered accountant and your authorised dealer bank. This page is not a legal, tax or FEMA opinion.
Calling Window
Global video calls are available by appointment across USA, UK, UAE, Canada, Singapore, Australia, and India time zones.
Time-Zone Contact
Share your country, city, and preferred call window; the Ahmedabad team confirms a matching WhatsApp, Zoom, or Google Meet slot.
Video Consultation
Private video consultation with shortlist screen-share, corridor comparison, and next-step documentation notes.
WhatsApp Format
+91 6354 359 222
International Phone
+91 6354 359 222 from overseas phones
Regional Client Proof
Country-specific client references are shared privately only where clients have approved. Public reviews remain available on the testimonials page.
Documentation Checklist
- Passport and PAN
- OCI, visa, or residency status document where applicable
- Overseas address proof and Indian address proof if available
- NRE/NRO account details and source-of-funds note
- Recent photographs and contact details
- Power of Attorney draft if a local representative will sign
Common Questions
- Can my family in Ahmedabad inspect the shortlist before I travel?
- Can documentation move ahead if I am not physically in India?
- Which payment route should I confirm with my bank before booking?
Private Collection
Matching Residences
Public inventory for this brief is intentionally limited. Share your requirement and PIKORUA Realty can review private or off-market options aligned with this search.
Investment Value
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INR Investment
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Market Intelligence
NRI and OCI Property Rules — Advisory Guide
What NRIs and OCIs may buy
The RBI FAQ lists purchase of immovable property in India, other than agricultural land, farm house or plantation property, from a person resident in India, an NRI or an OCI as a permitted transaction. In practice that covers flats, bungalows, villas, penthouses, residential plots, offices and showrooms. The FAQ reserves prior RBI permission for other cases, for example most acquisitions by foreign nationals; it notes that citizens of certain neighbouring countries need RBI permission, a restriction it says does not apply to OCIs.
How to pay
Payment has to be received in India through banking channels: an inward remittance from any place outside India, or a debit to the buyer's NRE, FCNR(B) or NRO account. Traveller's cheques and foreign currency notes are not accepted. Keep the remittance and bank records; they matter later if you want to repatriate the sale proceeds.
Gifts and inheritance
NRIs and OCIs may receive residential or commercial property as a gift from a relative who is a resident, an NRI or an OCI. They may inherit property from a person resident in India, or from a person who acquired it in line with the foreign exchange law in force at the time. Agricultural land, farmhouses and plantation property cannot be received as a gift.
Selling and gifting property you own
Residential and commercial property may be sold or gifted to a resident, an NRI or an OCI. Agricultural land, farmhouses and plantation property may be sold or gifted only to a person resident in India.
Taking sale proceeds abroad
The RBI FAQ allows NRIs and PIOs to remit sale proceeds when the property was acquired under the foreign exchange law and paid for through eligible channels. For residential property, repatriation is restricted to not more than two properties, and agricultural land, farmhouses and plantation property are excluded. The FAQ also refers to remittance of up to USD 1 million per financial year for eligible categories under the Remittance of Assets Regulations, 2016. Your bank will ask for tax documentation; PIKORUA's repatriation and TDS guides explain the process.
Spouses and joint purchase
The RBI FAQ allows a foreign-national spouse of an NRI or OCI to acquire one immovable property, other than agricultural land, farmhouse or plantation property, jointly with the NRI or OCI spouse, subject to the conditions it sets out. Check the current conditions before you plan a joint purchase.
Sources
Reserve Bank of India, FAQ on Purchase of Immovable Property (updated as on April 6, 2023), rbi.org.in. The FAQ refers to the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 and Master Direction No. 12 on Acquisition and Transfer of Immovable Property under FEMA, 1999. Read on 30 October 2026.
Common Questions
Advisory FAQ
Everything you need to know about buying property in Ahmedabad as an NRI — from FEMA rules to repatriation of funds.
Can NRIs buy property in India?
Yes. According to the RBI FAQ on purchase of immovable property (updated 6 April 2023), NRIs and OCIs may acquire immovable property in India other than agricultural land, farm house or plantation property, by purchase from a resident, an NRI or an OCI.
Can an OCI card holder buy property in India?
Yes, on the same footing as NRIs in the RBI FAQ: residential and commercial property may be bought; agricultural land, farmhouses and plantation property may not.
Can NRIs or OCIs buy agricultural land or a farmhouse?
Not by purchase or gift. The RBI FAQ excludes agricultural land, farm houses and plantation property from what NRIs and OCIs may acquire, and agricultural land they already hold may be sold or gifted only to a person resident in India.
How must an NRI pay for property in India?
Through Indian banking channels: an inward remittance from outside India, or a debit to the buyer's NRE, FCNR(B) or NRO account. The RBI FAQ says payment cannot be made by traveller's cheques or foreign currency notes.
Can an NRI take the sale proceeds out of India?
Subject to conditions. The RBI FAQ allows remittance where the property was acquired under the foreign exchange law in force and paid for through eligible channels; for residential property, repatriation is limited to not more than two properties. Tax and bank documentation apply, so plan the sale with a chartered accountant and your bank.