NRI Buyer Guide: Purchasing Sarvam At DXP Estate From Abroad

Non-Resident Indians looking at Sarvam At DXP Estate on Gurugram’s Dwarka Expressway have some specific process considerations beyond what a resident buyer faces. Here’s a practical overview.

Can NRIs Buy Here?

Yes. Under FEMA (Foreign Exchange Management Act) regulations, NRIs and OCI (Overseas Citizen of India) cardholders can purchase residential property in India, including new-launch projects like Sarvam At DXP Estate, without needing special RBI permission for residential purchases.

Payment Route

Payments must be made through banking channels — typically via NRE (Non-Resident External), NRO (Non-Resident Ordinary), or FCNR (Foreign Currency Non-Resident) accounts. Cash payments or payments through non-banking channels are not permitted. Given the project’s Construction Linked Plan (see our EMI & payment plan guide →), NRI buyers should set up standing instructions or a Power of Attorney (POA) arrangement for milestone-based payments if they can’t be physically present in India for every installment.

Power of Attorney

Many NRI buyers execute a registered Power of Attorney in favor of a trusted representative in India to handle site visits, document signing and possession formalities. This POA should be notarized/apostilled as per the rules of the country where it’s executed, then registered in India.

Home Loans for NRIs

Several Indian banks offer NRI-specific home loan products, generally requiring proof of overseas income, passport/visa copies, and a local co-applicant in some cases. Loan-to-value ratios and interest rates for NRI home loans can differ from resident products — compare offers from at least two or three banks before committing.

Tax Considerations

NRI buyers should be aware of TDS (Tax Deducted at Source) obligations on property transactions in India, capital gains tax implications on eventual resale, and any double-taxation treaty benefits between India and their country of residence. This is a specialist area — consult a chartered accountant familiar with NRI taxation before finalizing any purchase.

Extra Due Diligence for Remote Buyers

• Verify the RERA registration (GGM/1008/740/2025/111) directly on the HARERA portal yourself, rather than relying solely on the builder’s sales team
• Request video walkthroughs and regular construction-progress updates given the multi-year build timeline
• Confirm the exact possession date in writing — as covered in our full project review →, the builder’s documents don’t state an explicit possession month
• Engage a local, independent legal counsel for title verification rather than relying only on the builder’s documentation

Bottom Line

Buying from abroad adds process complexity but is well-established practice for Indian real estate. The extra steps — banking channel compliance, POA arrangements, and tax planning — are manageable with the right professional support in place before you commit.

View Sarvam At DXP Estate Project Page →

Repatriating Proceeds on Eventual Resale

NRI buyers planning an eventual exit should understand upfront that repatriating sale proceeds requires Form 15CA/15CB certification from a chartered accountant confirming applicable taxes have been paid, and is generally capped at USD 1 million per financial year through the NRO account route. Understanding this limit at the time of purchase, rather than only at the time of sale, helps NRI buyers plan realistically around how quickly they could fully repatriate proceeds from a large future sale.

Currency Risk Over a Long Construction Timeline

Given this project’s long, multi-year construction-linked payment schedule, NRI buyers paying in a foreign currency should factor in currency fluctuation risk across the full payment period, not just at the time of booking. A weakening home currency against the rupee over several years of staged payments can meaningfully increase the effective cost in the buyer’s own currency terms, even if the rupee-denominated price never changes.

Disclaimer: This article is for general informational purposes only and does not constitute legal, tax or financial advice. NRI property regulations and tax rules can change; consult a qualified legal and tax advisor for guidance specific to your situation before purchasing property in India.