For the Indian diaspora, Jaipur represents something that Mumbai, Bengaluru, and Delhi no longer offer: a heritage city with strong appreciation fundamentals and a price point that remains accessible. The average 4BHK villa in Civil Lines trades at ₹2.5 Cr to ₹4.5 Cr — a fraction of an equivalent property in Mumbai's equivalent neighborhoods.

But buying from abroad introduces a layer of process complexity that trips up even sophisticated buyers. This guide covers everything that matters.

What an NRI Can Buy Under FEMA

The Foreign Exchange Management Act permits NRIs and PIOs (Persons of Indian Origin) to purchase residential and commercial property in India without prior RBI approval, subject to two restrictions: (1) agricultural land, plantation property, and farmhouses cannot be purchased by NRIs without specific RBI approval; (2) purchase consideration must be remitted from abroad through normal banking channels or from NRE/NRO accounts.

Jaipur farmhouses — a popular category in our portfolio — technically fall under the "farmhouse" restriction. In practice, properties branded as farmhouses in Jaipur are typically classified as residential with agricultural land on the periphery. The legal classification on the title deed (not the marketing name) determines FEMA applicability. We verify this in every transaction.

Power of Attorney: The Right Structure

Most NRI transactions are executed through a Power of Attorney (POA). The POA must be executed before a Notary Public or Indian consulate/embassy in the country of residence, then apostilled (for Hague Convention countries) or consularized (for others), and finally adjudicated at the relevant Sub-Registrar's office in Jaipur.

We have a 14-step POA checklist that we send to NRI clients before the process begins. A poorly drafted POA — one that does not specifically authorize the attorney-in-fact to accept possession, pay stamp duty, and execute sub-registrations — will be rejected at the Sub-Registrar office, causing significant delays.

Home Loans for NRIs

NRIs are eligible for home loans from Indian banks against Indian property. The standard NRI home loan product is structured as follows:

- Loan quantum: up to 80% of property value
- Loan tenure: up to 20 years (some banks offer 25 years)
- Interest rate: floating rates range from 8.5% to 9.8% per annum as of Q1 2025
- Repayment: EMIs must be paid from NRE or NRO accounts, not from foreign accounts
- Documentation: overseas income proof (salary slips / tax returns in the country of residence), NRE/NRO account statements, credit bureau report from the country of residence

We have relationships with HDFC Bank, SBI, ICICI, and Axis Bank NRI desks in Dubai, London, and Singapore. We can facilitate introductions and help prepare your loan file.

Repatriation of Sale Proceeds

When you eventually sell, repatriation of sale proceeds is governed by RBI master circulars. Key rules:

- Principal amount of original remittance is freely repatriable
- Capital gains are subject to TDS (Tax Deducted at Source) at 20% for long-term gains (held above 2 years) and 30% for short-term
- A CA certificate (Form 15CB) is required before repatriation
- Annual limit on repatriation from NRO accounts is $1 million (USD)

Our NRI Service

We offer a structured NRI service package that includes: virtual property tour with our consultant on video call, independent legal review of title documents, POA preparation guidance, loan facilitation, and possession management at our Jaipur office. Contact us to schedule an introductory call.