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Our Esteemed NRI Clients

Bakeri is proud to have its family members spread across the world. Many of our customers staying abroad have booked their dream home at any of our project options available.

NRI Home Buying Guide

With a lot of well settled NRIs looking to have a home or an investment in real estate back in their country of birth, the volumes of NRI inquiries for home purchases in India have been on an upswing. Some vital tips for Non Resident Indians for purchasing property in India.

What is the eligibility for Indian Citizens, Foreign Passport Holder or PIO Card Holders for buying property in India?

Persons of Indian Origin and holding an Indian Passport are entitled to buy any property in India.

People holding overseas passports, such as British or American, need to apply for a PIO Card (Person of Indian Origin) at the Indian Embassy or consulate in their country of residence, before purchasing property in India.

Are any specific government permissions required before buying property in India?

Persons of Indian Origin do not need any approval by the Government of India to buy immovable properties.

Click here to read about Foreign Exchange Facilities for Residents


Non Resident Indian buying a property through their NRE (Non-resident External) Accounts can repatriate sale proceeds and rental income to their foreign account after deduction of Income Tax and Capital Gains on the Sale proceeds as applicable.

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NRE/NRO Accounts

Non Resident Indian needs to have an operational NRE and NRO (NRO Non-resident Ordinary Rupee Account) Bank accounts set up. NRE accounts are used for pay outs whereas the NRO accounts can be used for depositing funds which can be transferred to the NRE for repatriation as required.

Home Buying Processes for NRIs

If you are an NRI, while conducting property buying transactions for, it is advisable to remit funds from your bank in your country of residence to the Indian bank where the NRE account is set up. If you buy the property through the NRE account, then the source of funds is not required to be disclosed usually to any one as this is your inwards remittance. It is also advisable to remit a certain percentage of the property amount in your Indian bank account prior to leaving India, which can be a down payment with the builder or property owner.

Power of Attorney (POA)

Non Resident Indians who come to India once in few years, need to give power of attorney to a person living in India so that required home buying processes such as registration, possession, execution of agreement for sale, agreement of leave and license etc, can be taken care of with ease.

NRI Home Loans

Non Resident Indians (NRIs) can buy property in India with a home loan. Normally they can get a loan of around 85-90% of the property amount. Personal documents required for the home loan pre-approval only. Loan disbursement happens only when the property is purchased.

Documents needed to be submitted by salaried Non Resident Indian for home loans

  • Loan application form duly filled and signed
  • Two photographs of both the applicant and the co-applicant with signature on front and back
  • Copy of passport - Along with latest visa stamp and date of entry stamp
  • Proof of residence in India - Electricity bill, Telephone bill, Ration card, Driving License etc
  • Copy of credit card - Last six months bank statements of all the NRE / NRO account in India
  • Last six months bank statements of bank account held abroad where salary is credited - Copy of Contract / Employment Certificate Copy of Annual Salary Certificate specifying the mode of payment (If payment is fully or partly received in cash) Salary Slips for the immediately past 6 months.

Documents relating to income/ salary need to be attested as true by the employer

  • Copies of Sanction Letter of Loans availed in India and abroad
  • Self Declaration of Residential Status
  • All documents in foreign language to be translated in English.