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Email Us:
balaji.b@coldwellbanker.in
Phone (India)
+919902066670
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+91 9902066670
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+91 9902066670
NRI Real Estate Services: Buy & Sell Property in South India
Navigating Indian Real Estate from Afar: Your Expert NRI Partner
As a Non-Resident Indian (NRI), investing in or divesting from property in your homeland, South India, presents unique opportunities and complexities. At Coldwell Banker South India, we specialize in providing comprehensive real estate solutions tailored specifically for NRIs. Our expertise spans not just property transactions but also crucial financial, tax, and regulatory aspects, ensuring a seamless and compliant experience.
We understand the challenges of managing property from abroad, from navigating tax implications to ensuring legal adherence. Our dedicated NRI desk and network of experts are here to provide clear guidance and peace of mind.
Why Choose Coldwell Banker for Your NRI Property Needs?
Leverage our global presence and local proficiency for your South Indian real estate ventures:
Our Services for NRIs: Buy & Sell
For NRI Buyers: Investing in Your Homeland
Whether it's for investment, future residency, or emotional connection, buying
property in India is a significant step. We simplify the process, focusing on securing
the right asset for you while navigating regulations.
Key Aspects for NRI Buyers:
- Permitted Property Types: We guide you on properties NRIs are allowed to purchase (residential, commercial) and those generally restricted (agricultural land, farmhouse, plantation property, unless inherited).
- Funding & Accounts: Clarity on permissible funding sources (NRE/NRO/FCNR accounts, inward remittances) and their implications.
- Property Search & Due Diligence: Access to a curated portfolio of properties and meticulous legal verification to ensure clear titles and compliance.
- TDS on Purchase (if applicable): Understanding your obligation to deduct TDS from the seller's payment based on their residency status and capital gains type (1% for resident sellers above ₹50L, higher for NRI sellers).
- Rental Income Taxation: Advice on tax implications for potential rental income, including available deductions.
- Home Loan Facilitation: Assistance with specialized NRI home loan options from Indian banks.
For NRI Sellers: Maximizing Your Return & Repatriating Funds
Selling property in India as an NRI requires careful attention to capital gains tax, TDS, and fund repatriation rules. Our experts ensure you meet all obligations while optimizing your net proceeds.
Key Aspects for NRI Sellers:
Capital Gains Tax (CGT):
- Short-Term Capital Gains (STCG): Property held for less than 24 months; taxed at your applicable income tax slab rates.
- Long-Term Capital Gains (LTCG): Property held for 24 months or more; taxed at 20% with indexation benefits. We help you understand how indexation reduces your taxable gains.
Tax Deducted at Source (TDS):
- The buyer is mandated to deduct TDS from your sale proceeds.
- TDS rates are significantly higher for NRIs (typically 20% for LTCG and 30% for STCG on the capital gains amount, often higher effective rates including surcharge and cess, and can be on the entire sale consideration without a lower TDS certificate under Section 197).
- We assist in applying for a Lower TDS Certificate (u/s 197) to ensure TDS is deducted only on your actual capital gains, not the full sale value, maximizing your immediate payout.
Repatriation of Funds:
- Guidance on the USD 1 Million limit per financial year for repatriation of sale proceeds (inclusive of NRO account balances and other asset sales).
- Assistance with mandatory documentation (e.g., Form 15CA & 15CB) required from a Chartered Accountant for seamless fund transfer.
- Exemptions & Planning: Advice on claiming capital gains exemptions under Sections 54, 54EC, etc., by reinvesting in specified assets.
Our Step-by-Step NRI Assistance
Ready to Make Your Move?
Let our expert NRI team simplify your real estate journey in South India. Connect with us for a confidential consultation to discuss your specific needs and how we can assist you.