Invest in Indian Real Estate

Can NRIs obtain loans for buying a house/flat for residential purpose from financial institutions providing housing finance?

Reserve Bank has granted general permission to certain financial institutions providing housing finance to grant housing loans to non-resident Indians for acquisition of houses/flats for self-occupation subject to certain conditions.

Can authorized dealer grant loans to NRIs for acquisition of a flat/house for residential purposes?

Authorized dealers have been granted permission to grant loans to non-resident Indian nationals for acquisition of house/flat for self-occupation on their return to India subject to certain conditions. However, repayment of the loan should be made within a period not exceeding 15 years out of inward remittance.

What are the schemes available to NRIs for direct investments in India with repatriation benefits?

In the new issues of shares/convertible debentures of Indian companies, there are direct investment schemes such as 24% scheme/40% scheme/100% scheme.

Domestic Mutual Funds floated by public/private sector institutions/companies and bonds issued by public sector undertakings is also a good option.

How can an NRI obtain permission of Reserve Bank for investment in a sick industrial unit?

Application for permission should be made by the Indian company to the Central Office of Reserve Bank in Mumbai in form RSU.


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