Why should NRIs choose Urbando homes? Transparent process, legal clarity, and RERA compliance High-return investment corridors Sustainability-driven, future-ready homes End-to-end support from purchase to property management
How can NRIs manage property while living abroad? Assign PoA for legal formalities Hire property management services (Urbando assists with rentals & maintenance) Is real estate in Chennai a good investment for NRIs? Yes. Chennai is a stable market with high rental demand from IT/Healthcare/Education hubs. Locations like Perumbakkam, OMR, Siruseri, and Sholinganallur see...
Is RERA compliance important for NRI buyers? Yes. RERA-registered projects guarantee transparency in title, delivery timelines, and usage of funds. Urbando projects are RERA-registered. What precautions should NRIs take before buying? Verify property title and approvals Check RERA registration Ensure clear builder-buyer agreement Review tax liabilities and repatriation policies Can NRIs inherit property in India? Yes. NRIs can...
What taxes do NRIs need to pay while buying property? Stamp duty & registration fees TDS (if applicable) on property purchase from another NRI seller What taxes apply on rental income? Rental income is taxable in India. The tenant is required to deduct TDS (generally 30%) before paying rent to the NRI owner. Can NRIs...
How can NRIs make property payments in India? Through: NRE account → Repatriable funds (can be sent back abroad) NRO account → Non-repatriable funds (local earnings like rent) FCNR deposits → Fixed foreign currency accounts Are payments allowed in foreign currency or cash? No. All transactions must be in Indian rupees, routed through Indian banking channels. Can...
What documents are required for NRIs to buy property? Valid passport & visa/OCI/PIO card PAN Card Indian & overseas address proof Recent passport-size photos Power of Attorney (if acting through a representative) What is a Power of Attorney (PoA) and why is it important? If you cannot travel to India, you can authorize someone (family, lawyer, or...
Who qualifies as an NRI for property investment in India? Any Indian citizen residing outside India for more than 182 days in a financial year is classified as an NRI. Can NRIs buy any type of property in India? NRIs can buy residential and commercial properties freely. However, agricultural land, farmhouses, and plantation...
