Embrace Pune's Urban Renaissance, An Investor's Panacea!
The Emerging Real Estate Hotspot In India
Pune, located in the western state of Maharashtra, is quickly becoming one of India’s most popular real estate destinations. This thriving metropolis combines rich cultural heritage, contemporary infrastructure, and a vibrant business and startup ecosystem. Foreign investors are taking notice of Pune’s potential, making it an appealing location for real estate investment.
Key Highlights
IT/ITeS Hub
Pune is known as the "Oxford of the East," thanks to its large number of prestigious educational institutions and thriving IT/ITeS sector. This has increased demand for residential and commercial buildings, owing to the migration of professionals and global corporations.
Infrastructural Developments
The city is undertaking massive infrastructure upgrades, such as the construction of metro lines, ring highways, and the new Pune International Airport. These projects improve connection and accessibility, making Pune a desirable location for real estate investments.
Lifestyle & Affordability
Pune, known for its nice weather, diverse cultural tapestry, and dynamic food scene, provides a great quality of life. Furthermore, property prices in the city remain relatively low when compared to other large metropolitan regions, creating profitable investment opportunities.
Emerging Corporate Hub
Pune has become a desirable destination for international firms in industries such as automotive, manufacturing, and biotechnology. This corporate migration is increasing demand for high-end residential and commercial properties, resulting in consistent rental returns and capital appreciation.
Smart City Initiatives
Pune has been designated as one of the Smart Cities under the Indian government's ambitious Smart Cities Mission. This strategy prioritizes sustainable urban development, including enhanced infrastructure, efficient public services, and a higher quality of life for people.
FAQs For NRI Buyers And Sellers
Yes, NRIs are allowed to acquire residential and commercial properties in India under the general permission route of the Reserve Bank of India (RBI).
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.
No, there is no specific limit on the number of properties an NRI can acquire in India.
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.
Yes, NRIs are allowed to rent out residential or commercial properties in India, and the rental income can be credited to their NRO account or remitted abroad through the authorized dealer.
Yes, NRIs can sell residential or commercial properties in India, and the sale proceeds can be credited to their NRO account or remitted abroad through the authorized dealer.
Yes, NRIs are liable to pay applicable taxes like capital gains tax, wealth tax, and income tax on their property transactions in India.
Yes, NRIs are permitted to gift their immovable property in India to resident Indian citizens. However, the gift should be reported to the appropriate authorities.
Yes, NRIs can inherit immovable properties in India from resident Indian citizens. The property should be reported to the appropriate authorities, and applicable taxes should be paid.
No, NRIs are not permitted to purchase agricultural land, plantation properties, or farmhouses in India. As per Section 6(a) of FEMA 21(R), NRIs are not permitted to acquire agricultural land, plantation properties, or farmhouses in India. They can only purchase residential and commercial properties.
Yes, NRIs are allowed to purchase properties in India jointly with resident Indian citizens.
As per Regulation 6 of FEMA 21(R), the sale proceeds or rental income from an NRI-owned property in India can be credited to their NRO account and subsequently remitted abroad through the authorized dealer after paying applicable taxes like capital gains tax, wealth tax, etc.
NRIs are not allowed to purchase certain types of properties like agricultural land, plantation properties, or farmhouses. They can purchase residential and commercial properties.
Yes, as per Regulation 9 of FEMA 21(R), NRIs can purchase properties in India through a registered Power of Attorney granted to a relative or friend in India, subject to certain conditions.
The typical documents required include a copy of the NRI’s passport, PIO/OCI card, NRE/NRO account details, and proof of funds.
Yes, NRIs can sell a property in India before three years of purchase, but they may have to pay additional capital gains tax.
No, there are no specific restrictions on the repatriation of rental income for NRIs, but applicable taxes should be paid.
Yes, NRIs can lease out their properties in India for commercial purposes, and the rental income can be credited to their NRO account or remitted abroad.
Yes, NRIs are allowed to purchase properties in India through companies or trusts established in India, subject to certain conditions.
The process for obtaining an Occupation Certificate for an NRI-owned property is the same as for resident Indians. The NRI or their authorized representative in India can apply for the certificate with the appropriate authorities.
NRE (Non-Resident External) accounts are maintained in Indian rupees and are fully repatriable. NRIs can credit their foreign earnings, rent, and other income from abroad to these accounts.
NRO (Non-Resident Ordinary) accounts are also maintained in Indian rupees but are partially repatriable. NRIs can credit their income earned in India, rent from Indian properties, and sale proceeds of Indian assets to these accounts.
Yes, as per Section 54 of the Income Tax Act, NRIs can sell a property in India before three years of purchase, but they may have to pay additional capital gains tax at the applicable rate.
Yes, NRIs are allowed to acquire residential and commercial properties in India under the general permission route of the Reserve Bank of India (RBI).
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.
No, there is no specific limit on the number of properties an NRI can acquire in India.
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.
Yes, NRIs are allowed to rent out residential or commercial properties in India, and the rental income can be credited to their NRO account or remitted abroad through the authorized dealer.
Yes, NRIs can sell residential or commercial properties in India, and the sale proceeds can be credited to their NRO account or remitted abroad through the authorized dealer.
Yes, NRIs are liable to pay applicable taxes like capital gains tax, wealth tax, and income tax on their property transactions in India.
Yes, NRIs are permitted to gift their immovable property in India to resident Indian citizens. However, the gift should be reported to the appropriate authorities.
Yes, NRIs can inherit immovable properties in India from resident Indian citizens. The property should be reported to the appropriate authorities, and applicable taxes should be paid.
No, NRIs are not permitted to purchase agricultural land, plantation properties, or farmhouses in India. As per Section 6(a) of FEMA 21(R), NRIs are not permitted to acquire agricultural land, plantation properties, or farmhouses in India. They can only purchase residential and commercial properties.
Yes, NRIs are allowed to purchase properties in India jointly with resident Indian citizens.
As per Regulation 6 of FEMA 21(R), the sale proceeds or rental income from an NRI-owned property in India can be credited to their NRO account and subsequently remitted abroad through the authorized dealer after paying applicable taxes like capital gains tax, wealth tax, etc.
NRIs are not allowed to purchase certain types of properties like agricultural land, plantation properties, or farmhouses. They can purchase residential and commercial properties.
Yes, as per Regulation 9 of FEMA 21(R), NRIs can purchase properties in India through a registered Power of Attorney granted to a relative or friend in India, subject to certain conditions.
The typical documents required include a copy of the NRI’s passport, PIO/OCI card, NRE/NRO account details, and proof of funds.
Yes, NRIs can sell a property in India before three years of purchase, but they may have to pay additional capital gains tax.
No, there are no specific restrictions on the repatriation of rental income for NRIs, but applicable taxes should be paid.
Yes, NRIs can lease out their properties in India for commercial purposes, and the rental income can be credited to their NRO account or remitted abroad.
Yes, NRIs are allowed to purchase properties in India through companies or trusts established in India, subject to certain conditions.
The process for obtaining an Occupation Certificate for an NRI-owned property is the same as for resident Indians. The NRI or their authorized representative in India can apply for the certificate with the appropriate authorities.
NRE (Non-Resident External) accounts are maintained in Indian rupees and are fully repatriable. NRIs can credit their foreign earnings, rent, and other income from abroad to these accounts.
NRO (Non-Resident Ordinary) accounts are also maintained in Indian rupees but are partially repatriable. NRIs can credit their income earned in India, rent from Indian properties, and sale proceeds of Indian assets to these accounts.
Yes, as per Section 54 of the Income Tax Act, NRIs can sell a property in India before three years of purchase, but they may have to pay additional capital gains tax at the applicable rate.
Transcend Borders:
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