NRIs and OCIs can buy residential property in India freely — and DLF The Westpark in Andheri West, Mumbai, ticks every box that makes a remote purchase safe and sensible: a trusted brand, MahaRERA registration, professional management and a transparent payment process. This guide covers everything an NRI buyer needs to know, from FEMA rules to documents and home loans.
Can NRIs buy property at DLF The Westpark?
Yes, without restriction. Under the Foreign Exchange Management Act (FEMA), Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) are permitted to purchase residential and commercial property in India freely. No special permission from the Reserve Bank of India is required. The only categories restricted for NRI purchase are agricultural land, farmhouses and plantation property — none of which apply to The Westpark’s 3 and 4 BHK luxury homes.
The Westpark is MahaRERA registered (PR1181012500079), which is an important protection for any buyer, but especially for NRIs purchasing remotely: the RERA framework mandates developer transparency on timelines, carpet areas and fund usage, and provides a formal grievance mechanism.
How NRIs pay — accepted accounts and methods
All property payments must flow through regulated banking channels in Indian Rupees (INR). Cash payments are not permitted under FEMA.
| Account type | What it is | Can be used? |
|---|---|---|
| NRE (Non-Resident External) | INR account funded from overseas earnings; fully repatriable | Yes |
| NRO (Non-Resident Ordinary) | INR account for income earned in India (rent, dividends, etc.) | Yes |
| FCNR (Foreign Currency Non-Resident) | Fixed-deposit account held in foreign currency | Yes (convert to INR) |
| Inward remittance | Direct wire transfer from your overseas bank account | Yes |
| Cash / hawala | Unregulated cash transfer | Not permitted |
Using an NRE account is generally the most convenient for NRIs, as the principal and interest are fully repatriable to your country of residence. Consult your Chartered Accountant or bank before choosing the account type, as tax implications can vary.
Documents NRIs need to buy
The documentation list for NRI buyers is slightly longer than for resident Indians, but straightforward. Prepare the following in advance to avoid delays:
- Valid passport (with current visa/residency stamp where applicable)
- OCI or PIO card (if you hold OCI/PIO status)
- PAN card — mandatory for property transactions in India; apply online at incometaxindia.gov.in if you do not have one
- Overseas address proof — utility bill, bank statement or driver’s licence from your country of residence
- Recent passport-size photographs
- NRE/NRO bank account statement showing funds available for the purchase
- Power of Attorney (PoA) — if you cannot be present in India for signing documents or registration, a notarised and apostilled PoA authorises a representative to act on your behalf
The buying process for NRIs — step by step
- Virtual site visit & brochure: We can arrange a video walkthrough and share the official brochure, floor plans and cost sheet via WhatsApp or email.
- Select unit & pay booking amount: Reserve your preferred unit by paying approximately 10% of the agreement value via wire transfer to the developer’s RERA-mandated escrow account.
- Agreement for sale: The registered agreement is executed — either in person in India or via a PoA holder — within the statutory timeframe.
- Construction-linked instalments: Pay subsequent tranches as construction milestones are met, tracked against the MahaRERA schedule.
- Possession & registration: At possession (~2029 per MahaRERA, verify on certificate), complete the conveyance deed registration and take handover.
Home loans for NRI buyers
Major Indian banks — including SBI, HDFC, ICICI, Axis and others — offer home loans to NRIs and OCIs for RERA-registered projects. Because The Westpark is MahaRERA registered (PR1181012500079) by a listed developer (DLF), lenders are generally comfortable approving it.
Key NRI home loan features
- Banks typically fund up to 75–80% of the property value for high-ticket homes.
- NRI home loan rates are broadly comparable to resident Indian rates, though subject to individual bank policies.
- Loan repayment must come from the NRE or NRO account.
- For under-construction property, disbursement is in construction-linked tranches; you pay interest only (pre-EMI) on the disbursed amount until possession.
- Loan documentation includes salary slips / ITR from your country of employment, NRE/NRO statements, passport and visa copies.
See the full home loan and EMI guide for illustrative EMI calculations. This is general information; compare offers from multiple lenders before committing.
Tax considerations for NRI buyers
Tax rules for NRI property purchases and sales can be complex. The following is general information only — always consult a qualified Chartered Accountant for advice specific to your situation.
On purchase
- GST of 5% applies on under-construction property (no input credit for buyers).
- Stamp duty (~6% in Mumbai, including 1% metro cess) and registration (1%) apply at the time of the agreement for sale.
- TDS (Tax Deducted at Source) rules may apply on certain payments — your CA will advise.
On rental income
- Rental income from Indian property is taxable in India; TDS of 30% is typically deducted by the tenant.
- Double Taxation Avoidance Agreements (DTAA) may reduce the effective tax burden depending on your country of residence.
On sale
- Capital gains tax applies on property sale in India; long-term gains (property held 24+ months) attract a different rate from short-term.
- Repatriation of sale proceeds is permitted up to certain limits from NRO accounts, with RBI formalities.
- Sale proceeds invested from an NRE account can typically be repatriated freely.
Why DLF The Westpark works especially well for NRIs
- Trusted brand: DLF is India’s largest listed developer — publicly accountable and financially robust, which reduces the risk of buying remotely.
- MahaRERA protection: Registration (PR1181012500079) mandates quarterly progress reporting and protects against fund diversion.
- Professional management post-possession: DLF-managed communities are well maintained — important for investors who will not be in Mumbai to oversee a rental property.
- Andheri West rental demand: Deep, year-round demand from corporate and media-industry tenants keeps vacancies low — critical for an NRI investor.
- Remote buying support: We can complete the entire process — brochure, floor plan, booking, coordination with the developer — via WhatsApp and email. WhatsApp us to start.
Frequently asked questions
Can NRIs buy DLF The Westpark without visiting India?
Yes. The booking can be completed remotely via wire transfer, and the agreement for sale can be executed through a notarised and apostilled Power of Attorney held by a representative in India. Our team manages this process end-to-end for NRI buyers.
Which bank account should I use to pay for DLF The Westpark as an NRI?
The most commonly used accounts are NRE (Non-Resident External) accounts, which are fully repatriable, or NRO accounts. Direct inward remittance from an overseas bank is also accepted. Cash payments are not permitted under FEMA. Consult your CA to choose the right account type for your tax situation.
Can NRIs get a home loan for DLF The Westpark?
Yes. Major Indian banks offer NRI home loans for RERA-registered projects by established developers. DLF The Westpark qualifies. Banks typically fund 75–80% of the property value, with repayment from NRE or NRO accounts. See the home loan guide for illustrative EMI figures.
Do I need a PAN card to buy property in India as an NRI?
Yes — a PAN card is mandatory for all property transactions in India, including for NRIs and OCIs. You can apply online through the NSDL or UTIITSL portals before booking, or your CA can assist.
Is rental income from DLF The Westpark taxable for NRIs?
Rental income from Indian property is taxable in India for NRIs, with TDS typically deducted by the tenant at 30%. Your country’s DTAA with India may reduce the effective rate. Consult a CA for advice specific to your tax residency.
How is capital gains tax calculated when NRIs sell Indian property?
Capital gains on property held for more than 24 months are classified as long-term and taxed at a different rate to short-term gains. Sale proceeds can be repatriated from NRO accounts subject to limits and RBI formalities. Always take advice from a qualified CA before selling.
What is the MahaRERA number for DLF The Westpark and why does it matter for NRIs?
The MahaRERA registration number is PR1181012500079, verifiable at maharera.mahaonline.gov.in. For NRI buyers purchasing remotely, RERA registration is especially important: it mandates that the developer disclose timelines, carpet areas and fund usage, and provides a legal grievance forum if commitments are not met.
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Related guides:Why Buy DLF in Mumbai · Home Loan & EMI Guide · Price & Cost Sheet · RERA & Legal Guide · Investment Analysis