NRI Property Investment in Mumbai
Parmar Properties helps Non-Resident Indians buy, sell and lease property in Mumbai without needing to be in the city for every step. We build a remote shortlist, arrange virtual and in-person visits, explain payment and documentation requirements, and coordinate with your lawyer and bank from booking to registration.
Can NRIs buy property in Mumbai?
Yes. Under India's foreign exchange rules, NRIs and OCI cardholders can buy residential and commercial property in India. Agricultural land, plantation property and farmhouses are generally not permitted. Payments are usually made through NRE, NRO or FCNR accounts or by inward remittance through normal banking channels.
How do you help NRIs buy remotely?
We plan the search before you travel, so your time in Mumbai is spent on final decisions rather than first visits.
- Remote shortlisting with floor plans, videos and live virtual walkthroughs
- Planned site visits around your India trips
- Guidance on payment channels and documentation
- Coordination with your lawyer, bank and the developer
- Support with power of attorney arrangements if you cannot be present
- After-purchase leasing support
Can you manage my Mumbai property while I am abroad?
We help NRI owners lease their homes to reliable tenants and handle the leave-and-licence process, so the property earns income while you are overseas. When you are ready to exit, our sales advisory helps you sell at the right price.
Frequently Asked Questions
- Do I need to visit Mumbai to buy a property?
- Not necessarily. Many steps can be done remotely, and a registered power of attorney can sign on your behalf. Most NRI clients still visit once to see their shortlisted homes in person.
- Can NRIs get a home loan in India?
- Yes. Many Indian banks offer home loans to NRIs. Eligibility and documentation depend on the bank and your country of residence, so speak to your bank early.
- Is there tax on rental income or sale of property for NRIs?
- Rental income and capital gains from Indian property are taxable in India, and tax may be deducted at source. Rules change, so confirm the current position with a chartered accountant before you buy or sell.
More answers on our FAQ page and in our buyer guides.