Telangana, is becoming India’s topmost investment destination. With its capital Hyderabad, it has become a hotspot for non-resident Indians. Who are looking to buy new properties. In Gachibowli or Kokapet. They are trying to make IT corridors. The state is offering growth. Be in the smart Townships around Warangal and Nizamabad.
If you’re planning to return back home. Or trying to invest for a long-term. You can secure your second income through rentals. The state's real estate market is full of opportunities.
But if you are an NRI and you’re trying to buy a property. Then it requires awareness. About the legal procedures and documentation. And even about the regulations that the government has. In this article, we will break down everything that you need to know. To help you make a smooth buy of the property.
Why Telangana Is a Top Choice for NRI Investors?
1. A Growing Economic Hub
The state's industrial growth is growing. Their strong governance and infrastructure is seen. It has become a magnet for investment. The state Hyderabad contributes alone with a huge share. Of IT exports and hosting companies. Like Microsoft, Google and Amazon.
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Job creation has been done. Better urban infrastructure and property values are made. It has become a great sign for the NRI’s. They can invest in residential or commercial spaces.
2. Strong Real Estate Market
Remarkable appreciation has been seen for years. For some of the areas like Kokapet, Gachibowli, Kondapur, and Financial District. Even the tier 2 cities are seeing new estate projects. The connectivity has improved in many of the areas.
The approval from the Telangana State building self certification system. Has also given approvals. Making developments faster than it was before.
3. Favourable Government Policies
Through simple procedure, the state government. Is encouraging NRI investments . They are making the registration services online. Even clear title verification systems are also launched . They provide instant access to the records of the land.
Who Can Buy Property in Telangana as an NRI?
You need to know about the eligibility criteria. Before you jump into the buying process.
- Under theForeign exchange management act. The residential commercial properties in Telangana. Can be bought by the Indian citizens, living abroad.
- Similar rights are given to the persons of Indian origin. And to the overseas citizens of India.
- The agricultural land, plantation property or farmhouses. These cannot be purchased by the NRI’s. If they have not initiated it.
Step-by-Step Guide to Buying Property in Telangana
Step 1: Choose the Right Property
You first need to identify the purpose of purchasing the property. If you’re purchasing it for personal use, rental income or investment.
- Focus on the states, west zone. If you’re looking for higher appreciation .
- Look toward Shamshabad, Adibatla, or Patancheru. If you want affordable housing or growth in the future.
- Your top choices can be IT hubs. They are near Gachibowli and HITEC City. They will help you nearing steady rental.
You need to check if the property has legal protection and transparency.Check if the property has RERA registration.
Step 2: Verify Land and Ownership
Do not avoid the verification process. Telangana’s Dharani Portal (https://dharani.telangana.gov.in) allows you to:
- Help in verifying the ownership details of the property that is verified.
- Check if there is any litigation that is pending.
- Confirm non-agricultural or residential use land classification.
You can check with a real estate lawyer. On an agent that is related to RERA registration. They will help you ensure the document. Are correct like the sale deed, tax receipt. And layout approvals are authentic.
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Step 3: Understand Payment Methods
All property payments for the NRIs. Must be made through banking channels. There should be no cash transactions. You can use:
- NRE (Non-Resident External) account – if you are earning from foreign.
- NRO (Non-Resident Ordinary) account – if you have income, which is earned in India.
- FCNR (Foreign Currency Non-Resident) account – if you have deposits which are in foreign currency.
The transactions must be complying with RBI guidelines and FEMA rules.
Step 4: Get a PAN Card and TAN (If Needed)
For any property transaction in India. A Permanent Account Number (PAN) card is mandatory. If you want to buy a property that involves rental income. Or you want to sell it later. You should also have a tax deduction account number. That will help you from tax compliance.
Step 5: Home Loans for NRIs
The NRI can opt for many Indian banks. There are specific banks that offer home loans. Specifically for the NRI’s.
Key requirements include:
- You need to have a valid passport and visa.
- You must have your unemployment contract or work permit.
- You need to submit Salary slips of the last 6 months. and bank statements as well.
- If you are an authorised person in India. You need to submit a Power of Attorney (PoA) document.
80% of the property values financed by the banks. EMI can be paid through your NRE or NRO account.
Conclusion
The state is a mix of strong infrastructure, governance and growth. One of the most reliable destinations for the NRI’s. It has even become a hub for them. They are making investments in the property.
If you’re looking for a luxury apartment in Hyderabad, the financial district. Or for commercial plots. There are endless opportunities that can help you.
