• Lodha - Building a Better Life Lodha - Building a Better Life
  • Lodha - Low Home Loan Rates for NRI Lodha - Low Home Loan Rates for NRI

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THE WORLD’S FINEST DEVELOPMENTS BY INDIA’S NO. 1 REAL ESTATE DEVELOPER* - LODHA.

Whether it’s giving India some of its most iconic addresses, or crafting one of the world’s most coveted residences in London; adding a glittering icon to Mumbai’s skyline or creating designer residences for Mumbai’s glitterati; delivering meticulously designed offices for distinguished clientele or conceiving India’s No.1 smart city with the highest liveability quotient^ - one name is transforming the way we live with landmarks at par with the world’s best: Lodha.

Our passion is to create landmarks that are benchmarked against the highest global standards, epitomise the values of our family, and are built on a legacy of trust spanning 4 decades. Today, Lodha is India’s No. 1 real estate developer.* the company has clocked sales of over INR 50,000 crore in last 7 years*. We have delivered an area of 8.5 crore sq. ft.** and have 40 ongoing projects and 24 planned projects.^^ Our team of 3,000 associates works relentlessly to create developments of exceptional quality, and is committed to delivering the world’s finest homes, offices, and retail spaces.

Our vision of ‘Building a Better Life’ extends across geographies, markets, price points, and consumer segments.

By forging the finest global partnerships, deploying the best people and processes, being nimble in delivering our customers’ needs, and benchmarking against the highest global standards, Lodha has been able to create some of the world’s finest developments – with self-contained eco-systems, great outdoor spaces, and robust infrastructure, offering every facility and convenience at one’s doorstep.

More importantly, we have the scale, capability, and resolve to create a lasting and positive impact on our planet, and our society. We are committed to being a net zero carbon emission company by 2035. Through the Lodha Foundation, we actively contribute to our communities and nation- building. With our commitment to act in the larger interest of the environment and society, we are ‘building a better life’ in more ways than one.

EXCLUSIVE NRI BENEFITS

Home Loan for NRI Real Estate Investment
Easy Financing Solutions

Is our in-house loan team which coordinates with multiple banks to get home loan in the most convenient manner possible for our customers. They have tied up with 15+ banks and will always recommend the best bank given customer's profile.

Lease Property at Lodha Home
Easy Lease

Lodha EasyLease is designed to provide an unparalleled convenience during the leasing process by acting as a bridge between Lodha home owners looking to lease their property and those looking to rent a property.

Lodha - Dedicated NRI Assistance
Dedicated NRI Assistance (onsite)

Our hospitality and facilities management team provides on-site support to attend all property related needs of the customer post possession.

Lodha - Customer Care Assistance
Customer Care Assistance

We have a dedicated team that caters to NRIs. Services include a dedicated customer care, home loan assistance, renting support, low rate of interest, special payment plans and exclusive offers and benefits.

Special Offer for NRI Investing in India
Exclusive Offers

To recognize and appreciate the significant role that you as Global Indians play in Nation building, and your part in shaping the global perception of India, we have exclusive promotional offers for our NRI homebuyers.

Lodha Prive - Exclusive Loyalty Program
Loyalty Program

Lodha Priva is an exclusive membership program for Lodha home owners. The program offers exciting rewards and exclusive discounts to its members, whenever they make another purchase at Lodha or refer the extraordinary Lodha Life to their friends and family.

FEATURED PROJECTS

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EXPLORE ALL PROJECTS

SOUTH AND CENTRAL MUMBAI PROJECTS

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EXTENDED EASTERN MUMBAI PROJECTS

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PUNE PROJECTS

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BLOGS

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BETTER LIFE AT LODHA

Lodha | Come Home To The Best
Lodha Park: Krssna Mehta's Eclectically Designed Home at Lodha Park.
#BetterLife at Lodha | Rupali Repale shares how Palava City inspired her journey as a coach

THE LODHA LIFE

Life at Lodha
Badge of honour - Lodha
Lodha Services

NRI Real Estate Investment In India

The Indian Real Estate sector has been a hot favourite of NRI investors. This is proven by the fact that India saw $13.1 bn investment from NRIs last year and is expected to grow by 12% this year. This growth can be attributed to the escalating demands for residential properties due to rapid urbanization and inflating disposable incomes of individuals. The Indian Economy is also showing resilience in the post- pandemic period showing ~4% YoY growth in home prices during Q1 2022.

Additionally, the Indian currency has consistently depreciated against the US dollar in 2022 so far. This, coupled with the capital value appreciation of real estate, rental yield and digitisation of the process adds up to the purchase of property by NRIs in India being a win-win situation for all NRI investors.

Procedure for NRI to buy property in India

For NRIs wanting to invest in real estate in India, the process is not as tedious as before. Apart from Person of Indian Origin (PIO), even those holding Overseas Citizenship of India (OCI) can buy a residential or commercial property in India. The leading financial institutions in the country provide home loan facility to the NRIs to fund their real estate purchase. The documents required for home loan include age proof, residence proof, educational qualification, income proof, employment proof, passport/OCI, bank statements, among other things. A NRI also needs to have a Power of Attorney (POA) determined, essentially authorise a representative in lieu of the NRI for the home loan processing.

Formalities required to be completed by NRIs/PIOs for purchasing residential immovable property in India

They are required to file a declaration in form IPI 7 with the Central Office of Reserve Bank at Mumbai within a period of 90 days from the date of purchase of immovable property or final payment of purchase consideration along with a certified copy of the document evidencing the transaction and bank certificate regarding the consideration paid.

Documents needed by NRIs to buy property in India

The following is the list (non-exhaustive) of documents required for NRIs to buy property in India:

  • PAN card (Permanent account number)
  • OCI / PIO card (In case of OCI / PIO)
  • Passport (In case of NRI)
  • Passport size photographs
  • Address proof

Getting a power of attorney for NRI to buy property in India
Another vital document required while processing an NRI home loan is the power of attorney (POA). The POA is important because, since the borrower is not based in India; the Home Finance Company would need a 'representative' 'in lieu of' the NRI to deal with and if needed. Although not obligatory, the POA is usually drawn on the NRI's parents/wife/children/ close relatives or friends. Another vital document required while processing an NRI home loan is the power of attorney (POA)

The documentation required to be submitted by the NRIs are different from the Resident Indians as they are required to submit additional documents, like copy of the passport and a copy of the works contract, etc. and of course, NRIs have to follow certain eligibility criteria in order to get Home Loans in India.

The documents needed for obtaining NRI home loans are Bank specific. General list of documents are as mentioned below:

  • Passport and Visa
  • A copy of the appointment letter and contract from the company employing the applicant.
  • The labour card/identity card (translated in English and countersigned by the consulate) if the person is employed in the Middle East Salary certificate (in English) specifying name, date of joining, designation and salary details.
  • Bank Statements for the last six months

List of Classified documents for Salaried and Self Employed NRI Applicants. Banks may have specific requirements apart from the below- listed documents.:

  • Copy of valid passport showing VISA stamps
  • Copy of valid visa / work permit / equivalent document supporting the NRI status of the proposed account holder
  • Overseas Bank A/C for the last 3 months showing salary credits
  • Latest contract copy evidencing Salary / Salary Certificate / Wage Slips

Self-Employed NRI Applicants:

  • Passport copy with valid visa stamp
  • Brief profile of the applicant and business/ Trade license or equivalent document
  • 6 months overseas bank account statement and NRE/ NRO account
  • Computation of income, P&L account and B/Sheet for last 3 years certified by the C.A. / CPA or any other relevant authority as the case may be (or equivalent company accounts)

FAQs

WHO IS A NON-RESIDENT INDIAN (NRI)?

An Indian citizen who stays abroad for employment/carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident Indian - NRI. (Persons posted in U.N. organisations and officials deputed abroad by Central/State Governments and Public Sector undertakings on temporary assignments are also treated as non-temporary assignments are also treated as non-residents). Non-resident foreign citizens of Indian origin are treated on par with non- resident Indian citizens (NRIs).

Who is a PIO?

A person of Indian origin means an individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan) who:

  • held an Indian Passport at any time, or
  • who or whose father or paternal grandfather was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955

What is OCI?

The Overseas Citizenship of India (OCI) is an immigration status permitting a foreign citizen of Indian origin to live and work & in the Republic of India indefinitely.

Can NRIs buy real estate properties in India?

Yes. NRIs can buy and sell residential and commercial properties in India.

Is there any restriction on the number of properties NRIs can buy in India?

There is no restriction on the number of residential or commercial properties an NRI can own in India. However, for NRIs buying property in India, the law restricts NRIs from purchasing any kind of agricultural land/ plantation property/ farm house in India.

Can NRIs acquire commercial properties in India?

Yes, under the general permission granted by the Reserve Bank, property other than agricultural land/farm house/plantation property can be acquired by NRIs provided the purchase consideration is met either out of inward remittances in foreign exchange through normal banking channels or out of funds from the purchaser's NRE/FCNR accounts maintained with banks in India and a declaration is submitted to the Central Office of Reserve Bank in form IPI 7 within a period of 90 days from the date of purchase of the property/final payment of purchase consideration.

Can NRIs buy properties in India without the Reserve Bank’s permission?

Reserve Bank has granted general permission to foreign citizens of Indian origin, whether resident in India or abroad, to purchase immovable property in India for their bona fide residential purpose. They are, therefore, not required to obtain permission of Reserve Bank.

What are the kind of properties an NRI/PIO cannot buy?

An NRI/PIO cannot usually buy agricultural land/plantation property/farm houses in India. Proposals to buy such a land have to be specifically approved by RBI, in consultation with Government of India. The only way they can acquire an agricultural land is by inheritance.

Can NRIs buy property in India acquire or dispose residential property by way of gift?

Yes, the Reserve Bank has granted general permission to NRIs to acquire or dispose of NRI India Properties by way of gift from or to a relative who may be an Indian citizen or a person of Indian origin (PIO) whether resident in India or not.

Can NRIs obtain loans for acquisition of a house/flat for residential purposes from financial institutions providing housing finance?

The Reserve Bank has granted some general permission to certain financial institutions providing housing finance e.g. HDFC, LIC Housing Finance Ltd., etc, and authorized dealers to grant housing loans to NRI nationals for acquisition of a NRI house/flat for self-occupation subject to certain conditions. Criteria regarding the purpose of the loan, margin money, and the quantum of loan will be at par with those applicable to resident Indians. Repayment of the loan should be made within a period not exceeding 15 years, out of inward remittance through banking channels or out of funds held in the investors' NRE/FCNR/NRO accounts.

What is the Tax treatment for income generated from property selling or renting for NRI/PIO/OCI?

The mere acquisition of property does not attract income tax. However, any income accruing from the ownership of it, in the form of rent (if it is let out)/annual value of the house (if is not let out and it is not the only residential property owned by that person in India) and/or capital gains (short term or long term) arising on the sale of this house or part thereof is taxable in the hands of the owner.

Does Capital Gains Tax (CGT) apply to NRI / PIO / OCI?

Yes. Long-term and short-term capital gains are taxable in the hands of non-residents.

How does Double Taxation Avoidance Agreement work in case of NRIs?

In case of sale of an immovable property, the Double Tax Avoidance Agreement (DTAA) with most countries state that capital gains will be taxed in the country where the immovable property is situated. Hence, if an NRI owns immovable property in India, then he/she will be subject to pay tax in India on the capital gains which arise on the sale of the property. Similarly, letting of immovable property in India would be taxed in India under most tax treaties.

CONTACT DETAILS

USA : 18553656092
UAE : 800035702960
UK : 08002061105
Singapore : 8001012728
Rest of the World : +912261476200

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TERMS & CONDITIONS

LODHA
INDIA’s No.1 Real Estate Developer*

Corporate Office: Lodha Excelus, N. M. Joshi Marg, Mahalaxmi, Mumbai – 400 011 | All Lodha projects are registered via the MahaRERA Registration and is available on the website https://maharera.mahaonline.gov.in under registered projects.

*By residential sales FY16-22.
**85 million or ~8.5 crore square feet completed till March 2022.
^Based on livability quotient ranking by JLL in its ‘Livability Quotient – A Paradigm Shift in India’s Emerging Cities’ Report
^^As of 31st March, 2022

Lodha Venezia:
These projects are registered via MahaRERA Registration No.: P51900000828, P51900005378 available on the website: https://maharera.mahaonline.gov.in under registered projects

Lodha Primo:
These projects are registered via MahaRERA Registration No.: P51900014910 available on the website: https://maharera.mahaonline.gov.in under registered projects

Lodha Maison:
These projects are registered via MahaRERA Registration No.: P51900016526 available on the website: https://maharera.mahaonline.gov.in under registered projects

Lodha Ciel:
These projects are registered via MahaRERA Registration No.: P51900008345 available on the website: https://maharera.mahaonline.gov.in under registered projects

Lodha Seamont:
These projects are registered via MahaRERA Registration No.: P51900010326 available on the website: https://maharera.mahaonline.gov.in under registered projects

Amara:
These projects are registered via MahaRERA Registration No.: P51700014760 | P51700018393 | P51700020164; available on the website: https://maharera.mahaonline.gov.in under registered projects

Lodha Serenity:
MahaRERA Registration No.: P51700020253, available on the website: https://maharera.mahaonline.gov.in under registered projects

New Cuffe Parade:
These projects are registered via MahaRERA registration number: P51900000629 and is available on the website:https://maharera.mahaonline.gov.in

Lodha Park:
These projects are registered via MahaRERA Registration No.: P51900001339; available on the website: https://maharera.mahaonline.gov.in under registered projects

Lodha Woods:
These projects are registered via MahaRERA Registration No.: P51800031346 | P51800031351 | P51800031532; available on the website: https://maharera.mahaonline.gov.in under registered projects

Crown Taloja:
These projects are registered via MahaRERA Registration No.: P51700020381 | P51700022825; available on the website: https://maharera.mahaonline.gov.in under registered projects

Upper Thane:
These projects are registered via MahaRERA Registration No.: P51700008449 | P51700007192 | P51700006147 | P51700014814 | P51700014770 | P51700016245 | P51700016243 | P51700016437 | P51700016666 | P51700018035 | P51700018107 | P51700019121 | P51700020104 | P51700020217 available on the website: https://maharera.mahaonline.gov.in under registered projects

The World Towers:
These projects are registered via MahaRERA Registration No.: P51900008345, P51900008962; available on the website: https://maharera.mahaonline.gov.in under registered projects

Lodha Bel Air:
These projects are registered via MahaRERA Registration No.: P51800014860; P51800014869; P51800014891 available on the website: https://maharera.mahaonline.gov.in under registered projects

Codename Limited Edition:
These projects are registered via MahaRERA Registration No.: P51800031360; available on the website: https://maharera.mahaonline.gov.in under registered projects

Lodha Vista:
These projects are registered via MahaRERA Registration No.: P51900022245; available on the website: https://maharera.mahaonline.gov.in under registered projects

Lodha Eternis:
These projects are registered via MahaRERA Registration No.: P51800000293 | P51800000345 | P51800000294 | P51800020147 | P51800026509 available on the website: https://maharera.mahaonline.gov.in under registered projects

Codename Only The Best - Pune:
These projects are registered via MahaRERA Registration No.: P52100024215; available on the website: https://maharera.mahaonline.gov.in under registered projects

Crown Thane:
These projects are registered via MahaRERA Registration No.: P51700024777; available on the website: https://maharera.mahaonline.gov.in under registered projects

Lodha Evoq:
These projects are registered via MahaRERA Registration No.: P51900000567; available on the website: https://maharera.mahaonline.gov.in under registered projects

Lodha Belmondo:
T&C: offer applicable on select units only
These projects are registered via MahaRERA Registration No.: P52100000221 | P52100019434 available on the website: https://maharera.mahaonline.gov.in under registered projects

Lodha Sterling:
These projects are registered via MahaRERA Registration No.: P51700015040; available on the website: https://maharera.mahaonline.gov.in under registered projects

Codename One & Only:
These projects are registered via MahaRERA Registration No.: P51700026503; available on the website: https://maharera.mahaonline.gov.in under registered projects

Trump Tower:
These projects are registered via MahaRERA Registration No.: P51900001339; available on the website: https://maharera.mahaonline.gov.in under registered projects

Crown Ghodbunder Road:
These projects are registered via MahaRERA Registration No.: P51700029329 available on the website: https://maharera.mahaonline.gov.in under registered projects

Lodha Splendora:
These projects are registered via MahaRERA Registration No.: P51700000258, P51700000659, P51700000199, P51700016375 available on the website: https://maharera.mahaonline.gov.in under registered projects