More than 64867 ads from reliable developers and agencies are presented on our website that will help you to make a successful investment in real estate in India. You need to decide what kind of object you want to buy: a land plot, commercial space or apartments for living or renting. Further search is carried out with the help of filters and sorting. You can set many selection criteria such as:
- city and neighbourhood;
- distance to the coast and city centre;
- type of property primary or secondary;
- number of bedrooms and bathrooms;
- infrastructure of the complex;
- price range for real estate in India, etc.
Each description has a “Contact Us” button. Click on it to see the phone number and contact the seller directly. Private messaging is also available.
Foreign nationals can own properties in India under certain conditions. Non-resident foreigners are allowed to purchase property in India, subject to fulfilling the residency requirement of staying in the country for at least 182 days within a financial year. However, they are prohibited from owning agricultural land, plantation property, or farmhouse property unless special permission is granted. Additionally, foreign nationals cannot own property on a tourist visa; they must have a valid visa and fulfil the residency criteria to be eligible for property ownership in India. Depending on the type of property ownership, such as freehold or leasehold, different regulations and restrictions may apply.
- Minimum cost of a property: $22745 (office).
- Most expensive unit: $34,5 million.
- Minimum area: m².
- The object of the largest area: 1,459 m², the size of plots can reach 1,000-2,000 m².
According to the national legislation, the purchase of an apartment, office or house in India is not a reason for obtaining a residence permit. For residents of CIS who want to move to the country and stay there for more than half a year, there are several options for legalisation:
- contract with a local employer;
- training;
- opening a business or investment of $1,5 million.
After 1 year the residence permit is extended, you only need to confirm your status. Holders of residence permits are entitled to purchase real estate, but citizens of some countries additionally need to obtain a special permit.
Foreigners interested in receiving income from investments may not apply for a residence permit, but choose a reliable REIT. Investment funds offer non-residents programs of different duration of return, but when calculating the economic benefits should take into account the capital appreciation tax (10-25%).
The opportunity to buy investment real estate in India or housing for personal stay appears immediately after registration of residence permit, if you are married to a citizen of the country for 2 years, as well as if you have Indian roots. To obtain an Indian passport you need to:
- live in the country for at least 10 years - on average on the basis of naturalisation citizenship is granted after 12 years;
- get married to a citizen of the country;
- undergo the repatriation procedure;
- get a job in a government office;
- provide the government with exceptional services related to direct investment.
In any of these cases, it is required to stay in the country for one year without leaving the country before submitting an application.
Most often expats choose property in Delhi, Kolkata, Mumbai and Chennai to live, vacation and make money from renting. These cities have investment potential, established infrastructure, and they are also where developers and agencies offer the maximum number of properties for sale.
Spacious houses in India, as well as apartments in new buildings are in demand among foreigners. Villas are chosen by those who come with family, with special attention paid to the proximity of private schools, kindergartens, parks, as well as the level of security of the area. Most houses have a yard, while some mansions have their own pool and garden. Apartments in modern complexes are purchased by young professionals who come to India to work. It is important for them to live in comfort and have the necessary amenities at hand such as gym, parking, swimming pool, etc.
Investing in a house, plot, office, store or apartment in India, if you choose the object responsibly and cooperate directly with the seller, is an excellent solution. The main advantages of buying:
- stable GDP growth - in 2023–2024 it is expected to increase by 6.8%;
- active implementation of advanced technologies, simplifying the solution of bureaucratic issues related to the purchase and sale of housing and commercial properties;
- attractive property prices in India - a 2-bedroom apartment in Europe will cost the same as a large house in a prestigious area in India;
- development of the country as a major trade hub and tourist centre;
- moderate cost of living, especially when earning income in dollars or euro;
- beautiful unspoiled nature and a large number of attractions.
In the country, the prices of objects and their rent are growing disproportionately. In addition, the mobility of jobs began to increase only in the last 5-10 years, so the landlord does not get super profits. The national average is 3% per annum after deducting taxes and utility costs (in some locations the figure reaches 4%). On the other hand, the demand for rented housing and offices is gradually growing, so there are prospects for increasing income.
Property in India
Residential and commercial properties, as well as land (except agricultural land) in India can be purchased by non-residents with a residence permit on the basis of employment, education, investment in the national economy or after starting their own business. It is not necessary to obtain a residence permit to conclude a transaction for those who have the status of NRI, OCI and PIO, that is, persons of Indian origin. At the disposal of buyers there are different types of objects:
- houses and villas;
- townhouses;
- condominiums;
- studios and apartments with 1-6 rooms;
- penthouses;
- office and commercial facilities;
- land for development.
Before concluding the transaction, it is important to hire a lawyer to thoroughly check the documents and agree on the points of the contract, take into account the associated costs such as registration tax and other fees, as well as personally inspect the object.
The cost of property in India, as well as profitability, differs significantly depending on the location and characteristics. For residents of the CIS, the following locations are best suited:
- Mumbai and its satellite Navi Mumbai;
- Bangalore;
- Pune;
- Chennai;
- Noida;
- Hyderabad;
- Ahmedabad;
- Delhi;
- Kolkata;
- Surat;
- Goa.
Reasons for investing in property in India
The Indian real estate market is expected to grow to $0.33 trillion by the end of 2024 and reach the $1.04 trillion mark five years later. It is still recovering from a downturn in 2019, but the outlook is excellent as:
- there has been an increase in foreign investment;
- the procedure for issuing mortgage loans has been accelerated;
- there is a growing number of new projects - the largest developers are Oberoi Realty, Prestige Estates Projects, Godrej Properties, DLF, and SOBHA;
- there is a steady increase in the country's GDP;
- more and more foreign companies are setting up branches and manufacturing facilities here, which is driving demand for commercial and office real estate;
- many NRIs are relocating back home;
- household income levels are increasing;
- there is a gradual shift of population to urban agglomerations.
Selling Indian real estate attracts different buyers, including those who are interested in generating income. By titling the property, you can rent out apartments or villas for a short or long term, receiving 3-4% net income. Another way of investing is equity participation in REIT funds.
Buying real estate in India
Both when moving and investing in properties for sale in India, it is important not to miss a profitable offer and minimise the duration of the search. The platform contains up-to-date listings from sellers on the primary and secondary market, including offices, warehouses, and commercial spaces for sale. Select properties in India for investment and living using filters and sorting, compare interested options by main criteria and write or call directly to the agency or developer.