Yes. Under the Foreign Exchange Management Act (FEMA), NRIs and OCIs are allowed to acquire immovable property in India without requiring prior approval from the Reserve Bank of India (RBI), provided the property is not agricultural land, plantation land, or a farmhouse.
NRIs/OCIs can invest in residential, commercial, or industrial real estate. Purchase of agricultural land or open plots is restricted unless explicitly approved by the relevant state government.
Yes — but with legal safeguards. Himachal Pradesh regulates land purchases to protect local ecology. NRIs can legally invest in built-up residential or commercial units, provided the project has Section 118 approval under the Himachal Pradesh Tenancy and Land Reforms Act. Vamika Builders ensures all such approvals are in place
Yes, if you are not a domicile of Himachal Pradesh. However, if you're purchasing a pre-approved, built-up unit (not raw land), the approval is taken care of at the project level by the developer under Section 118. You do not need to apply separately.
Yes. An NRI/OCI can co-own property with another NRI/OCI or a Resident Indian, provided both parties comply with FEMA guidelines. Co-ownership must reflect in the agreement and registration documents.
You can continue to legally own and manage the property. There is no requirement to re-register or surrender the asset after attaining NRI/OCI status.
Yes. You can issue a Power of Attorney (PoA) to a trusted person in India. The PoA can handle documentation, registration, payments, or even resale/rental management of the property on your behalf.
All payments must be made in Indian Rupees (INR) via banking channels, as per FEMA. You can use either an NRE (Non-Resident External) or NRO (Non-Resident Ordinary) account. Cash payments are not permitted.
Yes. Many Indian banks and NBFCs offer home loans to NRIs, subject to income proof, credit eligibility, and KYC verification. Vamika Builders can connect you with approved financial institutions and assist in documentation
Yes, after signing the Agreement to Sell, your name is entered in the Sale Deed and formally registered at the Sub-Registrar’s office under the Indian Registration Act. Stamp duty and registration charges are applicable as per Himachal Pradesh laws.
Yes. Rental income earned by NRIs in India is subject to TDS (Tax Deducted at Source) at a flat rate of 30%, which is adjustable against your total tax liability in India.
Yes. Subject to compliance with RBI and FEMA, both rental income and capital gains can be repatriated through your NRO account after taxes are paid and proper documents (Form 15CA/CB) are filed.
Capital gains from property sales are subject to TDS:
No. As per RBI guidelines, NRIs must invest in their individual capacity. Investment via foreign entities, trusts, or LLPs is not allowed unless specifically permitted.
All projects are fully compliant with:
Yes. Vamika Builders offers select fractional ownership models, commercial lease assets, and short-stay rental formats structured for NRI investors, with complete legal support and post-purchase management.
Yes. With its limited land availability, increasing demand for retreat and wellness properties, and rapid tourism-linked growth, Himachal’s real estate offers strong capital appreciation and rental yield potential — especially in legally structured developments like Vilasa.
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