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NRI Schemes

At Maloney, our dedicated NRI services team operates with the philosophy of identifying investment opportunities & maximizing wealth for NRI clients. Our relationship managers are adept with the prevailing laws and have credible experience in consulting NRI customers on property purchase decisions in India. We guarantee our clients with a completely reliable, transparent and flawless experience. .

As an NRI you can sell property in India. RBI has granted general permission for sale of such properties owned by NRIs. However, if another foreign citizen of Indian origin purchases the property, funds towards the purchase consideration should either be remitted to India or paid out of balances in non-resident accounts maintained with banks in India. NRI/PIOs can also rent out their properties in India, either by purchase through application of FOREX or otherwise.

The Reserve Bank of India (RBI) has clarified that NRIs and Persons of Indian Origin (PIO), purchasing property in India should pay for the acquisition by funds received in India through normal banking channels by way of inward remittance from outside the country. That said, NRIs can apply for and avail home loans to buy property in India, much like the residents of India. However, a few differences exist between the two in terms of documents, tenure and repayment etc. The interest rate is a bit higher for NRIs than Indian residents, approximately 0.25% to 0.50% more in the case of NRIs. Also, an NRI can get a maximum of 85% of the cost of the property as the loan amount. The tenure of home loans for NRIs is also short; between 7 and 15 years. An NRI may be granted up to 36 times of his gross monthly earnings as home loan. However, there is a maximum limit on the amount.

Realizing the need to address the queries of NRIs looking to invest in property in India, we at have created a forum dedicated to resolving NRI based property-related queries and sharing the knowledge with other non-resident Indians. For any queries related to buying or selling property in India, just post a question on our forum and your query will be resolved at the earliest.