NRIs Checklist to buy Property in Bangalore 2025 update

Bangalore is a top city for NRIs (Non Resident Indians) who are seeking long term real estate investments in India. With its booming IT parks, the city promises steady growth with excellent returns. But when an NRI wishes to invest, there are some rules to follow, and here is a checklist for NRIs when they invest in Bangalore in 2025.

Here is the NRI's Checklist to buy Property in Bangalore 2025 update,

1. Check Eligibility

• According to FEMA, NRIs can buy residential as well as commercial properties in Bangalore.
• They can’t buy agriculture land or plantation properties.
• Funds must be routed through NRE accounts through Indian banks.

2. Pre-Purchase Checks

• Verify Property Title: Verify that the seller holds a clear title, with no dues.
• Land Approvals: Check whether the building permits and the other approvals are in order.
• Taxes: Ask for tax receipts to prove that all property taxes and other claims are settled.

3. Choose the Right Location

Location is the major factor to consider when it comes to real estate investment. NRIs should prioritise the main areas with high growth potential.

Some of the Top localities in Bangalore for NRIs in 2025 include:

• Whitefield (home to premium projects like Prestige Evergreen)
• Hebbal
• Electronic City
• Sarjapur Road
• Devanahalli
• Akshayanagar

These areas are seeing rapid development with excellent metro and BMTC bus access. It also has a good growth potential.

4. Registration

• Open an NRE account and an NRO account for rent or for local income. Keep KYC like PAN Card and Aadhaar ready.
• Draft a clear agreement that lists the payment schedule and the handover date.
• Register the sale deed at the sub registrar's office.

5. Financing Options

• Get the best NRI home loan offers from top Indian banks. Compare the interest rates and repayment terms.
• Transfer money through your NRE or NRO accounts or use foreign currency accounts based on RBI rules.

To get a home loan, the following documents are needed:

1. Indian passport and visa copy
2. Income tax returns
3. Bank statement of NRO and NRE accounts for the last 1 year
4. Work permit of your country of residence
5. Payslips for the last six months
6. Bureau report of the country of residence
7. Power of attorney

6. Tax Implications

• NRIs must pay tax on rent, and tenants will deduct TDS at 31.2%.
• Learn about capital gains and plan selling time to reduce the tax impact.

7. Project Vetting

• Confirm the project's RERA number and its approved plan online.
• Engage with an NRI friendly agent to guide you through local pricing and negotiations.

Investing in real estate in Bangalore is the best option for an NRI, whether you are looking to rent out your property or earn good capital appreciation. Premium projects like Prestige Evergreen offer modern amenities with unmatched comfort, and high investment potential in rapidly growing localities like Whitefield.

Prestige Group prelaunch apartment is Prestige Evergreen.