A Comprehensive Guide for NRIs on Property Buying in Pune

Indian real estate is preferred for Non-Resident Indians (NRIs), and Pune leads the chart. With its growing infrastructure, excellent job market, and consistent growth in real estate values, Pune has a clever distribution of convenience and long-term value growth. In 2024, nearly 12% of property inquiries from NRIs were for Pune. It shows that more people are interested in the city.

Here is a complete home buying guide to help NRIs comprehend the process of buying property in Pune.

Why Pune Is a Good Choice for NRIs

Pune has become a well-planned city with all the work, life, and community living facilities. Pune is known for its tech hubs, work areas, and nice weather. Because of this, people from Pune and outside Pune are always looking for homes here. So, it could be the right city for NRIs to invest in properties, namely for rental income and long-term returns.

Top Areas to Consider

NRIs could target areas that are witnessing growth and connectivity. Some developed areas are Hinjewadi, Baner, Kharadi, and Wagholi. All these areas have consistently seen price increases and demand. These areas also have IT parks, schools, hospitals, and airports, which are suitable for end-use and rental yields.

Legal Basics NRIs Must Know

Before buying property in India, NRIs should be aware of a few key points:

1. NRIs can purchase residential projects in Pune without needing any special approval.
2. Under FEMA rules, properties must be bought using funds sent through regular banking channels.
3. It is best to have a PAN card and NRE/NRO account and get property documents verified by a legal expert.
4. Power of Attorney (POA) can be used to let someone in India complete transactions on the buyer’s behalf.

For NRIs, readily available homes and under-construction projects from trusted builders are the two main options. Each comes with its pros. Ready homes offer instant possession and rental income, while under-construction ones are often cheaper. Homes like 2 BHK flats in Pune are in high demand because they are easy to manage.

Finances and Taxes

NRIs can get loans from top banks across India. These loans are processed under NRI-specific terms. Rental income and capital gains from selling property in India are taxable, so it is good to talk to a tax professional for better planning. Profits from property sales can also be sent abroad under the current RBI rules.

Avoiding Common Mistakes

NRIs should avoid buying based on photos or ads alone. Visiting the property (or sending a trusted contact), checking the builder's reputation, and reading all documents carefully are key. Picking known builders and legal projects can protect the investment.

Final Words

Pune is becoming a preferred destination for NRIs who want to stay and experience financial growth from buying a property. With strong demand and solid infrastructure, it has all the facilities. 

Picking a good builder helps you feel more sure about your choice. That’s where real estate developers in Pune like Gera Developments come in. With decades of experience and a proven history in Pune, Goa, and California, Gera Developments is known for providing the right, future-proof homes. A passion for quality, long-term value, and customer-friendliness makes them a respected partner for NRI real estate investment in India.