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NRI Corner

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Distance may change addresses, but it never changes belonging.

For NRIs, owning a home in Mumbai is rarely just a transaction. It’s an emotional anchor. A place that holds memories, heritage, and the comfort of knowing there’s always a door open back home. At Bhoomi Group, we understand this connection deeply, and we treat every NRI investment with the care it deserves.

From the first conversation to possession and beyond, our approach is built on transparency, accountability, and long-term value.

Navigating real estate from overseas can feel complex. Our role is to simplify it.

What you receive is not just a property, but confidence at every step.

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An Investment That Feels Personal

Thoughtful layouts, quality construction, and well-planned communities ensure that your investment continues to hold relevance, whether you occupy it today or years from now.

For NRIs seeking stability, appreciation and emotional assurance, our projects offer more than returns. They offer continuity.

A Place to Come Home To

For NRIs, a home in India is a lasting connection. Bhoomi developments are designed for the long term. Whether it’s the familiarity of the surroundings, the warmth of community living, or the ease of reconnecting with the city, our homes are designed to feel relevant across phases of life. They are places you can grow into, return to, and always feel connected with.

FAQS

Can NRI purchase any real estate property in India?

Yes, NRI can purchase any immovable property in India such as investing in real estate property. As real estate transactions fall under purview of the Foreign Exchange Management Act (FEMA), a Non-Residential Indian or individual who is of Indian origin can acquire possession other than a cultivation land or a manor house that is either gifted or inherited by the NRI.

What will be mode of payment for NRI's while making property transactions in India?

For processing huge exchange of amount for property deals in India, NRI/PIO [Person of Indian origin] can submit the payable amount via:

  • Funds remitted to India through normal banking channel.
  • Funds held in NRE/FCNR (B)/NRO account maintained in India.

Note: No payment can be made outside India. Also, payment made through travellers cheque or any type of foreign currency will not be accepted.

Can NRI's avail for loan or are eligible for the same?

Yes, NRI's are eligible for loan like any other Indian citizen. The RBI has given a general permission to banks and housing finance companies registered with the National Housing Bank to provide loans to NRI;s for buying residential property within India. Home load can be granted only in Indian rupees for the respective purchase made. An NRI can avail for loan, on up to 80 per cent of the property value of the investment varying on the eligibility of the individual. Loan can be repaid by the means of:

  • Inward remittance through normal banking channels.
  • By debit to his NRE/FCNR (B)/NRO account.
  • Out of rental income from such property.
  • By the borrower's close relatives, as defined in Section 6 of the Companies Act, 1956, through their account in India, by crediting the borrower's loan account.
What is the procedure for repatriation of funds back to the foreign country?

This procedure follows certain guidelines directly. An NRI or Person of Indian origin (POI), who has Indian descent or was born in India may repatriate the proceeds from the sale of former purchased property in India on the defined terms and conditions by the law such as:

  • The property must have been purchased in accordance with the FEMA directives, applicable at the time of purchase.
  • The amount repatriated cannot exceed the original amount paid for the property, if the property was acquired in foreign exchange remitted through normal banking channels or out of funds held in an FCNR (B) account.
Who is the PIO and how is he authorised for investing in Indian residential properties?

PIO stands for Person of Indian Origin. The term specifies that the individual do not belong to Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal or Bhutan as a citizen and is an Indian by origin. An individual who at any time held an Indian passport, or either his parents or grandparents were a citizen of India according to the Indian Constitution or the Citizenship Act, 1955, or has Indian descent is considered as a PIO in the country, India.

So as per legal rights and laws of the judiciary, focusing on these criteria's the Person of Indian Origin can be permitted and is completely authorised to make any or multiple purchase or deal on properties that are within the Indian states.

What are those important documents that are required to obtain home loan as an NRI?

Like any other Indian citizen an NRI has to submit all the documents mentioned under the home loan section. For specifying their citizenship in the foreign country that they belong, these are few essential documents that needs to be presented and submitted at the time of the loan processing and adherence. These includes:

  • A copy of the passport.
  • A copy of the works contract or the labour card.
  • The power of attorney (POA).

Note: Power of attorney is only required because the borrower is not based in India.

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