🏠 NRI Guide to Buying Property in Gurgaon: Complete Process, Legal Rules & Best Projects
Published on: May 25, 2025
Gurgaon, a booming city in India’s National Capital Region (NCR), has become one of the top destinations for Non-Resident Indians (NRIs) investing in real estate. With its thriving job market, modern infrastructure, and excellent connectivity, Gurgaon offers a great mix of residential luxury and rental income potential.
This article breaks down everything an NRI needs to know about buying property in Gurgaon — in simple, practical terms.
✅ Can NRIs Buy Property in India?
Yes, NRIs can buy property in India under the Foreign Exchange Management Act (FEMA). Here are the basics:
✅ Allowed:
Residential property (flats, villas, apartments, plots)
Commercial property (offices, shops, etc.)
❌ Not Allowed:
Agricultural land
Farmhouses
Plantation properties
📋 Step-by-Step Property Buying Process for NRIs in Gurgaon
1. Choose the Right Property
Decide between ready-to-move-in or under-construction.
Check the RERA registration of the project (visit haryanarera.gov.in).
2. Verify the Builder and Property Documents
Confirm land title, approvals, NOCs, and RERA compliance.
Get a legal due diligence check done by a property lawyer.
3. PAN Card Requirement
An NRI must have a PAN card (Permanent Account Number) to purchase property and pay taxes.
4. Open an NRI Bank Account
You’ll need an NRE (Non-Resident External) or NRO (Non-Resident Ordinary) bank account in India for financial transactions.
5. Make the Payment
All payments must be made through banking channels, not cash.
Use:
NRE/NRO/FCNR accounts
Foreign remittance via banking system
6. Home Loan (Optional)
NRIs can apply for home loans from Indian banks (details below).
7. Registration & Stamp Duty
Register the property with the local sub-registrar.
Pay stamp duty and registration charges (usually 5–7% in Haryana).
8. Possession and Handover
On possession, collect the completion certificate, occupancy certificate, and other handover documents.
📜 Legal Requirements & Documentation
🧾 Documents Required from NRI Buyers:
Valid Indian Passport (or OCI/PIO card)
PAN card
Recent photographs
Address proof (Indian and overseas)
Power of Attorney (PoA) – if you can’t be physically present
🧑⚖️ Power of Attorney (PoA)
You can assign someone (family/lawyer) in India to act on your behalf.
PoA must be notarized and stamped in India or attested at the Indian Embassy if signed abroad.
💰 Home Loan Options for NRIs
🏦 Banks That Offer NRI Home Loans:
SBI NRI Home Loan
HDFC NRI Housing Loan
ICICI Bank NRI Home Finance
Axis Bank NRI Loans
📌 Key Conditions:
Loan tenure: Up to 20–25 years
Loan-to-value (LTV): Up to 80% of property value
EMI must be paid through NRE/NRO accounts
📎 Documents Needed for NRI Loan:
Passport & visa copy
Work permit/residence proof
Employment contract
Salary slips & bank statements (last 6 months)
📍 Best Residential Projects in Prime Gurgaon Localities (2025)
Here are some top choices for NRIs looking for luxury or investment properties:
1. DLF The Arbour – Sector 63
4 BHK luxury apartments
High-rise gated community
Near Golf Course Extension Road
2. M3M Capital – Sector 113
Luxury apartments with private decks
Close to Dwarka Expressway
Smart homes with club amenities
3. Elan The Presidential – Sector 106
Ultra-luxury living spaces
Sky lounges, clubhouses, retail promenade
Premium connectivity to Delhi via Dwarka Expressway
4. Godrej Meridian – Sector 106
Gated complex with 5-star club
Fully loaded apartments
Close to the metro and expressway
5. Smart World Orchard – Sector 61
Low-rise luxury floors
Located near Sector 56 metro station
Ideal for rental income and resale
🚗 Connectivity Advantages
Gurgaon offers excellent connectivity through:
IGI Airport – 25–30 min drive
NH-8 & Dwarka Expressway – High-speed links to Delhi and Manesar
Metro Access – Rapid Metro & Delhi Metro Yellow Line
Upcoming Infrastructure:
Central Peripheral Road (CPR)
Gurugram Metro Extension (New Gurgaon)
📝 Tips for NRIs Investing in Gurgaon Real Estate
Choose RERA-registered properties for legal protection
Ensure title verification and legal clearance
Consult a real estate lawyer and tax advisor
Appoint a reliable Power of Attorney (PoA)
Evaluate rental income potential
Keep records of all transactions and agreements
🧮 Taxation for NRI Property Buyers
TDS (Tax Deducted at Source): 1% for property over ₹50 lakh
Capital Gains Tax: 20% on long-term gains (after 2 years)
Rental Income: Taxable in India, but can claim deductions (like 30% on maintenance)