NRI / DIASPORA LOUNGE
Your trusted partner in making dreams a reality.
Welcome to the NRI Diaspora Lounge, your trusted partner for NRI property services in Pune. Whether you’re looking to buy, sell, or rent, we offer comprehensive solutions tailored for the NRI community. Pune, located in the western state of Maharashtra, is rapidly emerging as one of India’s top real estate destinations. This vibrant city offers a unique blend of rich cultural heritage, modern infrastructure, and a thriving business ecosystem. Recognizing Pune’s immense potential, NRIs are increasingly seeking expert real estate services to invest confidently in residential and commercial properties. At RadSpaces, we specialize in providing tailored NRI property solutions to simplify your investment journey in Pune’s flourishing market
IT/ITeS Hub
Pune, often called the “Oxford of the East,” is renowned for its prestigious educational institutions and a booming IT/ITeS sector. This growth attracts professionals and global corporations alike, increasing demand for residential and commercial buildings. For NRIs seeking expert real estate services in Pune, this vibrant IT hub offers excellent property investment opportunities.
Infrastructural Developments
With major infrastructure projects underway—including new metro lines, ring highways, and the upcoming Pune International Airport—connectivity and accessibility across the city are rapidly improving. These upgrades make Pune an increasingly attractive destination for NRIs looking to invest in Pune property with confidence.
Lifestyle & Affordability
Pune’s pleasant climate, rich cultural diversity, and dynamic food scene combine to offer an excellent quality of life. Additionally, compared to other large metro cities, property prices remain affordable, making it an ideal choice for NRIs interested in profitable real estate investment in Pune.
Emerging Corporate Hub
As Pune attracts international firms in automotive, manufacturing, and biotechnology sectors, the demand for premium residential and commercial properties continues to rise. NRIs investing in Pune can benefit from consistent rental income and potential capital appreciation in this growing market.
Smart City Initiatives
Designated as one of India’s Smart Cities, Pune’s focus on sustainable urban development, improved infrastructure, and efficient public services enhances livability. These initiatives further strengthen Pune’s position as a top choice for NRIs seeking reliable property investment opportunities.
Can an NRI buy residential/commercial property in India?
Yes, NRIs are allowed to acquire residential and commercial properties in India under the general permission route of the Reserve Bank of India (RBI). Our NRI property services in Pune ensure seamless compliance with these regulations.
What are the sources of funds allowed for property purchase by NRIs?
NRIs can use funds from their NRE (Non-Resident External), NRO (Non-Resident Ordinary), or foreign sources like savings, rent, or sale proceeds of immovable property held outside India — critical for smooth NRI real estate investment in Pune.
Is there any cap on the number of properties an NRI can buy in India?
No, there is no specific limit on the number of properties an NRI can acquire in India.
Can an NRI take a loan from an Indian bank/NBFC for property purchase?
Yes, NRIs are permitted to avail of loans from authorized dealers/banks in India for the purpose of acquiring residential or commercial properties. Yes, as per Regulation 8 of FEMA 21(R), NRIs are permitted to avail of loans from authorized dealers/banks in India for the purpose of acquiring residential or commercial properties, subject to applicable rules and regulations.
Can an NRI rent out a property in India?
Yes, NRIs can rent out properties in India, and rental income can be credited to their NRO account or remitted abroad through authorized dealers, supporting hassle-free NRI property management services.
Can an NRI sell a property in India?
Yes, NRIs can sell residential or commercial properties in India, with sale proceeds managed through NRO accounts or repatriation, as part of comprehensive NRI real estate services in Pune.
Are there any tax implications for NRIs on property transactions in India?
Yes, NRIs must pay applicable taxes such as capital gains tax and income tax on property transactions, which our experts help navigate in all NRI property investments.
Can an NRI gift a property in India to a resident Indian?
Yes, gifting property is allowed, provided proper reporting is done per Indian laws.
Can an NRI inherit a property in India from a resident Indian?
Yes, NRIs can inherit immovable property in India, subject to appropriate declarations and tax compliance.
Can an NRI purchase property in India jointly with a resident Indian?
Yes, joint purchases with resident Indians are permitted.
What is the process for repatriation of sale proceeds or rental income for NRIs?
Sale proceeds or rental income can be credited to the NRO account and remitted abroad per RBI guidelines, ensuring smooth repatriation for NRI investors in Pune.
Are there any restrictions on the type of properties NRIs can purchase in India?
Yes, NRIs cannot buy agricultural land or farmhouses but can invest in commercial and residential properties.
Can an NRI purchase property in India through a Power of Attorney?
Yes, this is allowed subject to registration and applicable FEMA regulations.
What are the documents required for an NRI to purchase property in India?
Documents include passport, OCI/PIO card, NRE/NRO account details, and proof of funds.
Can an NRI sell a property in India before three years of purchase?
Yes, but additional capital gains tax may apply.
Are there any restrictions on the repatriation of rental income for NRIs?
No restrictions, but taxes must be duly paid.
Can an NRI lease out a property in India for commercial purposes?
Yes, commercial leasing is permitted with income managed via NRO accounts.
Can an NRI purchase a property in India through a company or trust?
Yes, subject to conditions outlined by Indian law.
What is the process for obtaining an Occupation Certificate for an NRI-owned property?
Same as for residents; application can be made by the NRI or their authorized representative.
What are the key features of NRE and NRO accounts for NRIs?
NRE accounts are fully repatriable for foreign earnings, while NRO accounts are partially repatriable for Indian income, essential for managing NRI property investments in Pune.
Can an NRI sell a property in India before three years of purchase?
Yes, as per Section 54 of the Income Tax Act, with applicable taxes.
Service Offerings
Our team specializes in NRI real estate in Pune, offering expert guidance on property transactions, legal documentation, and investment opportunities.”
Investment Opportunities:
Explore lucrative NRI property investment in Pune with our curated listings of residential and commercial properties
Legal and Documentation Support:
Our services include comprehensive legal and documentation support, ensuring a hassle-free experience for NRIs investing in Pune property.
At RadSpaces, we specialize in offering NRI real estate services in Pune, crafted to simplify every step of your property journey in India. We understand the unique challenges NRIs face in buying, selling, or leasing property across Indian cities, especially when navigating RBI and FEMA regulations. Our dedicated team of legal, financial, and real estate experts provides end-to-end support for NRI property investment in India, ensuring full compliance with government norms. Whether you’re managing NRE/NRO accounts, handling property repatriation, or ensuring seamless title transfers, RadSpaces is your one-stop solution. Having worked with numerous global Indian clients, we’ve built a reputation for hassle-free NRI property transactions backed by in-depth regulatory knowledge, transparent processes, and client-first service.
From residential and commercial property acquisitions to rental management and legal documentation, our goal is to empower NRIs with stress-free, secure, and profitable investments in the Indian real estate market. Don’t let borders or bureaucracy slow down your property goals. Choose RadSpaces – your trusted partner for NRI property transactions in Pune and beyond.