NRI Investment Rules
Non-Resident Indians (NRIs) have unrestricted rights to purchase residential property in South Delhi. However, the transaction must be routed through standard banking channels (NRE/NRO accounts). UVSP Buildcon frequently assists global Indians in securing their legacy homes in Vasant Kunj and Chattarpur.
Tax Deductions and TDS
When an NRI buys a luxury home in India, 1% TDS is deducted if the seller is a resident Indian. However, if the seller is an NRI, the TDS jumps to 20% plus surcharge. It's critical to structure these payments correctly to avoid penalties from the Income Tax Department.
Capital Gains and Repatriation
NRIs can freely repatriate the principal investment and capital gains from the sale of up to two residential properties, subject to FEMA guidelines. With South Delhi real estate appreciating consistently, it remains a high-yield, secure asset class for the global Indian diaspora.