A Home, An Investment, A Legacy
At Urbando, we understand that for Non-Resident Indians,
Buying a home in India is more than just a transaction-it’s a connection
to roots, a future-ready investment, and a legacy for generations. With our commitment to transparency,
quality, and innovation, Urbando makes it seamless for NRIs to own world-class homes in
Chennai’s most promising locations.
Why NRIs Choose
Urbando
-
Trusted Brand
Backed by strong engineering, branded specifications, and timely delivery.
-
High-Return Locations
Projects in emerging hubs near IT corridors, healthcare, education, and metro connectivity.
-
Hassle-Free Process
Dedicated NRI assistance team for documentation, banking, and registration.
-
Secure Investment
Clear titles, RERA compliance, and value that appreciates over time.
-
Property Management Support
From rentals to maintenance, we help safeguard your investment while you’re away.
Why Invest in Chennai?
Chennai isn’t just India’s cultural capital — it’s also one of the country’s fastest-growing real estate markets, offering the perfect mix of stability, opportunity, and lifestyle.
Economic Strength
- Home to India’s IT/ITES corridor with global companies in OMR, Sholinganallur, and Siruseri.
- Strong manufacturing & automobile hub, often called the “Detroit of India.”
- Growing start-up ecosystem supported by global investors.
Economic Strength
- Home to India’s IT/ITES corridor with global companies in OMR, Sholinganallur, and Siruseri.
- Strong manufacturing & automobile hub, often called the “Detroit of India.”
- Growing start-up ecosystem supported by global investors.
Economic Strength
- Home to India’s IT/ITES corridor with global companies in OMR, Sholinganallur, and Siruseri.
- Strong manufacturing & automobile hub, often called the “Detroit of India.”
- Growing start-up ecosystem supported by global investors.
Economic Strength
- Home to India’s IT/ITES corridor with global companies in OMR, Sholinganallur, and Siruseri.
- Strong manufacturing & automobile hub, often called the “Detroit of India.”
- Growing start-up ecosystem supported by global investors.
For NRIs, Chennai offers the rare balance of emotional connect + strong financial returns, with safe regulatory processes and hassle-free management. It’s not just a property—it’s a future-ready investment back home.
Step-by-Step Guide for NRIs
to Buy a Home in Chennai
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Decide Your
Investment Goal
- Are you buying for rental income, long-term appreciation, or personal use?
- Choose between apartments, villas, or plots based on your goal.
- Example: IT corridor apartments = best for rental, villas = future lifestyle + resale value.
Verify Eligibility
- NRIs, PIOs, and OCIs can freely purchase residential and commercial property in India.
- You cannot buy agricultural land, plantation property, or farmhouses.
Arrange Your
Finances
- Open an NRE/NRO/FCNR account with an Indian bank.
- Decide whether you’re funding the purchase through:
- Own savings transferred legally via banking channels.
- NRI home loan from an Indian bank (tenure up to 20 years).
Select the Property
& Developer
- Shortlist projects in growth corridors like OMR, Perumbakkam, Velachery, Tambaram, or near the new airport.
- Check
- RERA registration of the project.
- Developer track record & delivery history.
- Amenities, location connectivity, sustainability features.
Documentation
- Keep these ready
- Valid Passport & Visa / OCI card
- PAN card (mandatory for all property transactions in India)
- Indian & Overseas Address Proof
- Recent passport-size photographs
- NRE/NRO/FCNR account details
Legal Due Diligence
- Verify title deed, encumbrance certificate, and approvals.
- Ensure the property is free of litigation or loan liabilities.
- Developers like Urbando offer full transparency on approvals.
Execution of Agreement
- Sign the Sale Agreement with the developer.
- If you’re abroad, execute via Power of Attorney (PoA) in favor of a trusted representative in India.
- PoA must be notarized and attested by the Indian Embassy/Consulate.
Payment Process
- Payments must be routed through NRE/NRO accounts only.
- No cash payments are permitted.
- If opting for a home loan, the bank disburses payments directly to the developer.
Registration of Property
- Property is registered at the Sub-Registrar’s office in Chennai.
- Buyer (or PoA holder) must be present with original documents.
- Stamp duty (7%) + registration charges (1%) apply.
Possession & Property Management
- On completion, you receive handover and possession certificate.
- For NRIs abroad, Urbando offers property management support:
- Tenant finding & rental management
- Maintenance & upkeep
- Utility payments & resale assistance
NRI Property Investment in India – FAQs
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Eligibility & Ownership
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 properties are not permitted unless inherited.
Can an NRI jointly own property with a resident Indian?
Yes, provided both are legally eligible. An NRI can also co-own with another NRI/OCI/PIO.
Can NRIs buy property in India in the name of their children or parents?
Yes, as long as the child/parent is an NRI, OCI, or resident Indian.
Documentation & Process
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 trusted representative) via PoA to complete registration, bank formalities, and possession.
Is property registration mandatory?
Yes. Registration with the local sub-registrar is compulsory for ownership transfer. Urbando’s legal team can assist with this.
Payments & Banking
How can NRIs make property payments in India?
Through:
- Valid passport & visa/OCI/PIO card
- PAN Card
- 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 NRIs get home loans in India?
Yes. Indian banks and housing finance companies provide NRI loans. Loan repayment must be through NRE/NRO/FCNR accounts.
What is the maximum loan tenure for NRIs?
Generally 10–20 years, depending on age, income, and bank policy.
Taxes & Repatriation
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 repatriate rental income abroad?
Yes, after paying applicable taxes, rental income can be repatriated through NRE/NRO accounts.
What about selling property—can NRIs repatriate sale proceeds?
- If purchased with NRE/FCNR funds → Repatriation allowed up to 2 properties.
- If purchased with NRO funds → Sale proceeds can only be deposited into an NRO account, with limited repatriation after approvals.
What is Capital Gains Tax for NRIs on property sale?
- Short-term (within 24 months): Taxed at slab rate.
- Long-term (after 24 months): 20% with indexation benefits.
Legal & Compliance
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 inherit residential, commercial, agricultural, or plantation property.
Are inherited agricultural lands allowed for NRIs?
Yes, inheritance is permitted even if purchase is not.
Property Management & Returns
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 strong capital appreciation.
What sustainable features does Urbando provide that add value to NRI investment?
- Solar power on terraces → reduced energy bills
- STP, WTP, and RWH → efficient water management
- Digital water meters → transparent consumption
- Low-density layouts with ventilation & natural light → higher resale value
Can NRIs lease out their property?
Yes, NRIs can lease residential and commercial property. Rental income is fully permissible under FEMA guidelines.
Future Readiness
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
Taxes & Repatriation
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 repatriate rental income abroad?
Yes, after paying applicable taxes, rental income can be repatriated through NRE/NRO accounts.
What about selling property—can NRIs repatriate sale proceeds?
- If purchased with NRE/FCNR funds → Repatriation allowed up to 2 properties.
- If purchased with NRO funds → Sale proceeds can only be deposited into an NRO account, with limited repatriation after approvals.
What is Capital Gains Tax for NRIs on property sale?
- Short-term (within 24 months): Taxed at slab rate.
- Long-term (after 24 months): 20% with indexation benefits.
Legal & Compliance
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 inherit residential, commercial, agricultural, or plantation property.
Are inherited agricultural lands allowed for NRIs?
Yes, inheritance is permitted even if purchase is not.
Property Management & Returns
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 strong capital appreciation.
What sustainable features does Urbando provide that add value to NRI investment?
- Solar power on terraces → reduced energy bills
- STP, WTP, and RWH → efficient water management
- Digital water meters → transparent consumption
- Low-density layouts with ventilation & natural light → higher resale value
Can NRIs lease out their property?
Yes, NRIs can lease residential and commercial property. Rental income is fully permissible under FEMA guidelines.
Future Readiness
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