NRI guide to buying property in Hyderabad

FEMA rules allow NRIs and OCIs to buy any number of houses or commercial units in Hyderabad without any special permit from the central bank. You only need to make sure the money comes through official Indian banking routes.

• Allowed Bank Accounts: You must send your money using an NRE, NRO, or FCNR bank account.
• Payment Restrictions: Cash, traveler's cheques, and foreign currency payments made straight to builders are not allowed.
• Buying Remotely with PoA: If you cannot travel to India, you can give a Power of Attorney to a relative or friend. You just need to sign it, get it stamped at the Indian Embassy in your country, and have it registered in Hyderabad within 90 days.

The western and southern parts of Hyderabad see steady property value growth of 8.5% to 11.2% every year because of new IT parks and wide roads like the 158 km Outer Ring Road (ORR). Fast links to the Rajiv Gandhi International Airport and the Financial District keep rental demand very high.

The Prestige Place Hyderabad by Prestige Estates Projects Ltd. is a large mixed-use project built on Budvel Main Road in Rajendra Nagar. It combines luxury homes with a 500,000 sq. ft. IT tech park and a 350-room five-star hotel across a 10-acre gated layout.

Project Details, Dates, and Home Sizes

The project offers 1,050 modern apartments spread across 3 tall towers of 32 floors each, keeping 80% of the land for open green spaces and parks. The official project launch is set for December 2026, and full handover is scheduled for December 31, 2031.

• Builder: Prestige Estates Projects Ltd.
• RERA Status: HMDA layout approval is complete, and the official TS RERA registration is currently in process.
• Launch Date: Official Launch in December 2026 (Pre-launch booking open).
• Possession Date: December 31, 2031.
• Flat Sizes: 2 BHK (1,200 to 1,450 sq. ft.), 3 BHK (1,600 to 2,100 sq. ft.), and 4 BHK (2,350 to 3,000 sq. ft.).
• Price Range: Rates start from ₹11,650 per sq. ft., with pricing for 2 BHK units from ₹1.40 Crore and 4 BHK units up to ₹3.50 Crore.
• Key Features: A 40,000 sq. ft. clubhouse, thick sound-reducing walls, sports courts, full power backup, and round-the-clock security.

This mix of homes, offices, and hotel rooms gives NRIs steady rental demand because tech professionals can live and work in the very same place.

Step-by-Step Buying Process for NRIs

Buying a home in Hyderabad is a clear six-step process that starts with simple title checks and ends with registering the deed at the local office. The Telangana government lets you check the 30-year property record (Encumbrance Certificate) online.

• Check Property Papers: Make sure the project has HMDA or GHMC approvals and check the developer’s name on the state RERA website.
• Pay Booking Amount: Send the token money from your NRE or NRO account straight to the builder's official RERA bank account.
• Sign the Agreement: Sign the sale contract in person or ask your PoA holder to sign on your behalf.
• Apply for a Bank Loan (If Needed): Indian banks lend up to 80% of the property value if you share your job papers, salary slips, and passport copies.
• Deduct TDS: Cut the required tax at source before paying the seller (1% for Indian sellers and 20% plus surcharge for NRI sellers).
• Register the Property: Pay the 7.5% state fee and complete the registration at the local Sub-Registrar Office.

If you sell your property within 24 months, you pay Short-Term Capital Gains tax based on your normal income tax slab. If you hold the property for more than 24 months, you pay a flat 12.5% Long-Term Capital Gains tax.

Under FEMA rules, you can send up to 1 million US dollars back to your foreign bank account every financial year using your NRO account. You just need to submit basic tax forms (Form 15CA and Form 15CB) from a certified accountant. India also has tax treaties (DTAA) with the US, UK, UAE, and Canada, so you do not pay double tax on your rental income or profits.