End-to-End Remote Management
1. Sourcing & Due Diligence
We share verified, off-market commercial properties via video walkthroughs. Every property undergoes strict title clearance, BU (Building Use) verification, and encumbrance checks before it is presented to you.
2. Legal & FEMA Compliance
We assist your local Power of Attorney (POA) holder with the entire documentation process, ensuring all funds are routed correctly through NRO/NRE accounts in compliance with RBI guidelines.
3. Tenant Management
Post-purchase, we handle lease renewals, tenant communications, and re-leasing if a tenant vacates. Your rental income flows directly into your NRO account passively.
FEMA & Tax Regulations Answered
- Can an NRI buy commercial property in Surat, Gujarat?
- Yes. Under FEMA (Foreign Exchange Management Act) regulations, Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) are freely permitted to acquire commercial properties (shops, offices, pre-leased assets, warehouses) in India without requiring special RBI permission. However, they cannot purchase agricultural land or plantation property.
- How can NRIs fund a commercial property purchase?
- Funds must be remitted to India through normal banking channels by inward remittance from abroad. Alternatively, funds held in NRE (Non-Resident External), NRO (Non-Resident Ordinary), or FCNR (Foreign Currency Non-Resident) accounts maintained in India can be used for the purchase. Payments cannot be made via traveler’s cheques or foreign currency notes.
- Is the rental income from commercial property repatriable?
- Yes, rental income earned from commercial property in India is fully repatriable. The rent must be credited to an NRO account. The income is subject to TDS (Tax Deducted at Source) at 30% plus applicable surcharge/cess. However, a CA can issue a Form 15CB, and after filing Form 15CA, the post-tax amount can be remitted abroad. The limit for repatriation from an NRO account is USD 1 million per financial year.
- Do I need to be physically present in Surat to complete the purchase?
- No, you do not need to be physically present. You can execute a Specific Power of Attorney (POA) in favor of a trusted relative or representative in India. The POA must be drafted, printed on plain paper, signed by you, and attested by the Indian Embassy or Consulate in your country of residence, then registered in India.
- Why are pre-leased properties popular with NRI investors?
- Pre-leased properties offer zero vacancy risk and immediate rental income. For an NRI, managing an empty property from abroad, finding a tenant, and negotiating leases is difficult. A pre-leased asset with a corporate tenant (like a bank or retail chain) provides passive, stable income and capital appreciation with virtually zero management hassle.
NRI Priority Desk
Connect with our specialized NRI advisory team for a curated list of high-yield properties.