Distance should never mean you're treated as a smaller customer. For us, it means the opposite.
Can NRIs buy property in India?
Yes. Under the Foreign Exchange Management Act (FEMA), Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs) and Persons of Indian Origin (PIOs) can freely purchase residential and commercial property in India — no prior approval from the Reserve Bank of India is required. (Note: NRIs/OCIs generally cannot purchase agricultural land, plantation property or farmhouses.)
How payments work
- Payments must be made through normal banking channels in Indian Rupees — not in foreign currency cash.
- Funds can be routed through your NRE, NRO or FCNR account.
- All transactions are fully documented for your records and compliance.
Repatriation of funds
Subject to FEMA conditions, sale proceeds of residential property can be repatriated — generally limited to two residential properties, and to the amount originally remitted through proper channels for the purchase. Your bank or chartered accountant can confirm the specifics for your case.
Home loans for NRIs
Leading Indian banks and housing finance companies offer home loans to NRIs/OCIs. We're empanelled with major lenders and our team can help coordinate eligibility and documentation.
Buying remotely — Power of Attorney
If you can't travel for registration, a properly executed Power of Attorney (PoA) in favour of a trusted person in India lets the purchase and registration proceed smoothly. We'll guide you on the correct, compliant process.
Why NRIs choose Metric
- A named relationship manager across time zones — Marathi, Hindi and English.
- Video site walkthroughs on request and weekly construction photo updates.
- All-in cost in writing and every material named in your agreement — so you know exactly what you're buying.
- MahaRERA-registered projects you can verify yourself from anywhere.
Speak to our NRI desk
Tell us your country and timezone — we'll arrange a call and a video walkthrough at a time that suits you.
This page is general information, not financial, tax or legal advice. FEMA rules and tax provisions (including TDS on property purchase) change from time to time — please confirm the current position applicable to you with your bank, chartered accountant or legal advisor before transacting.