Yes, you can buy
Under FEMA and RBI guidelines, NRIs and PIOs can freely purchase residential and commercial property in India — including plots, villas and apartments — with no prior RBI approval. Foreign nationals of non-Indian origin need RBI clearance and cannot purchase agricultural land or plantation property.
Documents you will need
- Valid passport and visa / OCI card
- PAN card (mandatory for registration)
- Overseas address proof + Indian correspondence address
- NRE / NRO / FCNR account statements for the funding trail
- Notarised & apostilled Power of Attorney if you cannot travel for registration
How to pay
Payments must be made through normal banking channels from NRE, NRO or FCNR accounts, or by inward remittance. Cash and traveller's cheques are not permitted. Willow Estates provides HDFC escrow account details for compliant transfers and coordinates with major Indian banks for NRI home loans up to 80% LTV.
Registration without flying down
A registered Power of Attorney executed at the Indian consulate lets your India-based representative complete the sale deed, mutation and possession handover. Willow Estates' NRI concierge coordinates the full loop — from token booking to key handover — with weekly video updates.
After you own — property management
For studio apartments and villas, the Willow Estates property management team offers turnkey Airbnb / holiday-let management: listing setup, dynamic pricing, guest handling, housekeeping, monthly financials, tax filings (TDS 194IA compliance) and repatriation of rental income to your NRE account.
Frequently asked
Do NRIs need RBI approval to buy in Rishikesh?+
No — under FEMA general permission, NRIs and PIOs can buy residential and commercial property in India without prior RBI approval.
Can NRIs get a home loan in India?+
Yes, most major Indian banks offer NRI home loans up to 80% LTV for RERA-approved projects. Repayment is via NRE / NRO account inward remittances.
