🏡 How to Invest in Gurgaon, India from Canada: A Simple Guide for NRIs

Published on: May 25, 2025

Are you living in Canada and thinking about investing in real estate or other opportunities in Gurgaon, India? Whether it's buying a home, starting a business, or just growing your wealth, investing from abroad is very much possible — you just need to follow the right steps.

This guide explains everything in simple words to help you get started.

✅ Who Can Invest in India from Canada?
If you're:

A Non-Resident Indian (NRI) — someone who has stayed outside India for more than 182 days in a year,

A Person of Indian Origin (PIO) or Overseas Citizen of India (OCI),

Or even a Canadian citizen with family roots in India,

You can legally invest in India under the laws of the Reserve Bank of India (RBI).

🔑 Step-by-Step Guide to Invest in Gurgaon from Canada
1. Decide What You Want to Invest In
In Gurgaon, some popular investment options include:

Real Estate: Flats, villas, plots, or commercial shops.

Stock Market: Buy shares in Indian companies.

Mutual Funds or SIPs: Invest small amounts regularly.

Startups or Businesses: Become a partner or angel investor.

Most NRIs prefer real estate in Gurgaon due to high growth potential.

2. Open NRI Bank Accounts in India
To handle money safely and legally, you need an NRI bank account:

NRE Account (Non-Resident External): For income earned outside India. You can send money home and take it back freely.

NRO Account (Non-Resident Ordinary): For income earned inside India (like rent or dividends).

FCNR Account: For fixed deposits in foreign currency (like CAD or USD).

You can open these accounts online or by visiting Indian bank branches in Canada (SBI, HDFC, ICICI, Axis Bank, etc.).

3. Get a PAN Card (Permanent Account Number)
This is your tax ID in India — required for:

Buying property

Investing in mutual funds or stocks

Paying taxes

You can apply online through websites like:

NSDL PAN

UTI PAN

4. Give Power of Attorney (PoA) If You're Not Visiting India
If you’re not in India, you can authorize a trusted family member or friend in India to sign documents and complete the deal on your behalf.

Steps:

Draft a Power of Attorney.

Sign it in front of a notary or Indian Consulate in Canada.

Send the documents to India for legal use.

5. Choose a Property or Investment in Gurgaon
Top real estate areas in Gurgaon:

Golf Course Road

Dwarka Expressway

Sohna Road

New Gurgaon (Sector 82–95)

Make sure to:

Only invest in RERA-approved projects.

Check the builder’s past work.

Visit the site if possible, or ask your representative to do it.

Popular builders in Gurgaon include:

DLF

M3M

Godrej

Signature Global

6. Make the Payment Legally
You must send money through legal channels:

Use your NRE or NRO account.

Use bank transfer or remittance, not cash.

Keep receipts and agreements safe.

7. Understand the Tax Rules
As an NRI, you must follow Indian tax laws:

Rental Income: Taxable in India.

Capital Gains Tax: If you sell a property at a profit.

TDS (Tax Deducted at Source): When you buy or sell a property, the government takes a small percentage as advance tax.

DTAA (Double Taxation Avoidance Agreement): India and Canada have this agreement, so you won’t pay double tax.

Tip: Consult a chartered accountant (CA) who handles NRI taxes.

8. Repatriate Your Money (Send It Back to Canada)
You can send the money you earn (like rent or sale profits) back to Canada:

Up to $1 million per year from your NRO account, after paying taxes.

No limit if the money is in your NRE account.

Your bank can help you with the repatriation process.

🛡️ Extra Tips for Safe Investment
Always verify property documents with a lawyer in India.

Avoid cash deals — use only banking channels.

Talk to an NRI real estate consultant if needed.

Track your investment using online tools and apps.

🌟 Final Words
Investing in Gurgaon from Canada is easier than ever — thanks to online banking, digital signatures, and RERA rules that protect buyers. Whether you’re planning for retirement, helping family, or just want to grow your wealth, following the legal steps will help you invest safely and smartly.