Questions around property purchase rules for NRIs in India, applicable taxes, repatriation of funds, and managing a property from abroad can make the process feel complex. This guide cuts through the confusion and gives you a clear, step-by-step roadmap to buying a luxury apartment in Gurgaon as an NRI.
01 — LegalCan NRIs Buy Property in India?
Yes — NRIs and PIOs (Persons of Indian Origin) are fully eligible to purchase residential and commercial property in India under the Foreign Exchange Management Act (FEMA). The Reserve Bank of India (RBI) permits NRIs to buy immovable property in India without seeking special permission.
"Agricultural land, plantation property, and farmhouses cannot be purchased by NRIs, but residential and commercial property is freely permitted without limit on the number of units."
02 — ProcessStep-by-Step Purchase Roadmap
03 — TaxesTaxes on NRI Property Purchase
Tax is often the most confusing part. Here is a clear breakdown of all applicable taxes at the time of purchase, during ownership, and at the time of sale:
| Tax / Charge | Rate | When Applicable |
|---|---|---|
| Stamp Duty (Haryana) | 3–7% | At registration |
| GST (Under-construction) | 5% | During payments |
| Rental Income Tax | 30% Flat | Annual income |
| LTCG Tax | 12.5% | Sale after 2 years |
04 — RepatriationRepatriation of Sale Proceeds
The answer is yes — subject to conditions. Repatriation is permitted for up to 2 residential properties. Funds originally invested through an NRE account can be repatriated freely, while funds through an NRO account are limited to USD 1 million per financial year. Capital gains must be net of applicable taxes before repatriation.
05 — SpotlightWhy TARC Ishva is the Ideal NRI Investment
Among all luxury residential projects on Golf Course Extension Road, TARC Ishva in Sector 63A checks every box that a discerning NRI investor looks for:
| Parameter | Details |
|---|---|
| Builder | TARC Limited |
| RERA No. | GGM/865/597/2024/92 |
| Config & Price | 3 & 4 BHK | Starting ₹ 6.32 Cr* |
| Possession | December 2028 |
| Key Highlight | Low-Density | Aravalli Hills Facing |
What makes TARC Ishva particularly NRI-friendly is its construction-linked payment plan, international-grade build quality, and its position in Sector 63A — a micro-market with top rental demand from CXOs and expats.
06 — TipsTop 7 Tips for NRIs Buying Luxury Property
- Always verify RERA registration on the official HARERA portal before committing funds.
- Use NRE account funds for purchase — this simplifies repatriation later.
- Appoint a reliable Power of Attorney holder for local documentation and liaising.
- Factor in all acquisition costs: stamp duty (3–7%), registration (1%), and GST (5%).
- Choose construction-linked payment plans to align outflow with project progress.
- Opt for low-density, branded luxury projects for better value retention.
- Engage a SEBI-registered advisor to optimize tax liability on rental income.
In 2026, Gurgaon's luxury real estate market combines a globally connected city, a robust legal framework post-RERA, and rising rental demand. TARC Ishva represents the pinnacle of this opportunity — a RERA-approved ultra-luxury apartment built to international standards.
Whether you are an NRI looking for a premium home for your next visit or a savvy investor building a portfolio, Gurgaon offers the certainty, prestige, and returns you are looking for.
Need NRI Investment Guidance?
Get personalized assistance with PoA, banking, and project selection. Explore TARC Ishva today.
RERA No: GGM/865/597/2024/92 | Possession: Dec 2028 | Starting ₹6.32 Cr Onwards
Disclaimer: This article is for informational purposes only. All prices, configurations and possession dates are subject to change. Please verify all details with the developer or authorised channel partner before making any investment decision. RERA No: GGM/865/597/2024/92. Possession: Dec 2028.