Pune has become one of India's most favoured cities for NRI property investment, and for sound reasons: a jobs-rich economy, comparatively rational pricing against Mumbai or Bangalore, strong rental demand, and a transparent, RERA-governed market. For non-resident Indians planning to invest from abroad, this guide covers the essentials — eligibility, the buying process, taxation, and the practical steps that keep a remote purchase safe.
Why Pune appeals to NRIs
- Employment-driven demand — IT and manufacturing hubs sustain reliable tenant demand and resale liquidity.
- Value for money — Pune typically offers better pricing and space than India's most expensive metros.
- Quality of life — climate, education, and healthcare make it attractive for eventual return or for family use.
- Regulatory clarity — MahaRERA gives remote buyers a verifiable record of approvals and timelines.
What NRIs are allowed to buy
Under FEMA rules, NRIs and persons of Indian origin can freely purchase residential and commercial property in India. The notable restriction is on agricultural land, farmhouses, and plantation property, which generally cannot be bought by NRIs. Most apartment and commercial purchases fall comfortably within the permitted category.
Payments, banking, and home loans
Transactions must be routed through proper banking channels — typically an NRE, NRO, or FCNR account — and not via foreign currency or travellers' cheques. Indian banks and housing finance companies do offer home loans to NRIs, subject to eligibility and documentation, with repayment made through Indian accounts. Keeping every payment traceable through formal channels is essential for compliance and for a clean future sale.
Taxation an NRI should understand
- Rental income is taxable in India and should be declared; tax may be deducted at source.
- Capital gains apply on sale, with rates depending on the holding period (short-term vs long-term).
- Repatriation of sale proceeds is permitted within prescribed limits and conditions.
- DTAA benefits may help avoid double taxation depending on your country of residence.
Because tax treatment depends on personal circumstances, professional advice from a qualified chartered accountant is strongly recommended — this guide is general information, not tax counsel.
Buying safely from abroad
- Use a Power of Attorney carefully drafted and properly executed if you cannot be physically present.
- Insist on MahaRERA-registered projects and verify details on the official portal.
- Confirm title and approvals independently before transferring funds.
- Work with a credible, accountable local partner who can manage site visits, documentation, and handover on your behalf.
A trusted partner makes the difference
For an investor sitting overseas, the single biggest risk reducer is a reliable on-ground partner. Kirti Associates regularly assists NRI clients with RERA-verified options, end-to-end documentation support, and transparent guidance through every step. Reach out to our team to discuss your goals, or explore current Pune projects from wherever you are.