Ludhiana has one of the highest concentrations of Punjabi NRIs investing in real estate in India. Whether you are based in Canada, the UK, the UAE, Australia or the US, this guide will answer your most important questions.
What can an NRI buy in India?
Under FEMA (Foreign Exchange Management Act), NRIs can purchase residential and commercial properties in India without any special permission. There is no limit on the number of properties you can own. Agricultural land, plantation property, and farmhouses require special approval from the Reserve Bank of India.
Can an NRI take a home loan in India?
Yes. Most major Indian banks and housing finance companies offer NRI home loans. You will need your passport, visa, overseas address proof, last 6 months' salary slips or employment contract, and NRE/NRO account statements. Loan tenure is typically up to 20 years and interest rates are the same as for resident Indians.
How does payment work from abroad?
All property payments must be made through legitimate banking channels — wire transfer from your overseas account to your NRE or NRO account in India, then from there to the seller. Cash payments are illegal and can lead to serious complications. Keep all transaction records carefully.
What is a Power of Attorney and do I need one?
A Power of Attorney (PoA) allows a trusted person in India — a family member or lawyer — to sign documents and complete the transaction on your behalf. If you cannot be physically present for registration, a PoA is essential. It must be executed at the Indian Embassy or Consulate in your country of residence and then notarised and apostilled.
Tax implications for NRIs
When you sell the property later, TDS (Tax Deducted at Source) of 20–30% will apply on capital gains unless you have a certificate of lower deduction. Long-term capital gains (property held for more than 2 years) are taxed at 20% with indexation benefit. It is strongly recommended to consult a CA who specialises in NRI taxation before purchasing.
The Ludhiana NRI advantage
Ludhiana's property market has seen consistent 8–12% annual appreciation in premium localities over the last decade. Rental yields in areas like BRS Nagar and Sarabha Nagar are between 2.5–3.5% per annum. With the Rupee typically weaker against major currencies, NRIs effectively get a currency advantage when investing.
How we help NRIs at Ludhiana Keys Realty
We specialise in guiding NRIs through the entire process remotely. We arrange video tours, handle all documentation coordination, connect you with trusted lawyers and CAs, and keep you updated at every step via WhatsApp. You only need to be physically present for registration — or appoint a PoA if that is not possible. Reach out to us on WhatsApp and we will guide you step by step.