Can NRIs Buy at Godrej Vanantara?
Yes. NRIs (Non-Resident Indians) can buy residential property in India under FEMA (Foreign Exchange Management Act) guidelines. Godrej Vanantara's pre-launch team assists with NRI documentation, bank account requirements and power of attorney where needed. The project is a 2026 pre-launch luxury township on Bannerghatta Road, offering 2 BHK Luxe from Rs 1.28 Cr to 4.5 BHK Elite Ultra at Rs 3.09 Cr. Review the full Pricing & Cost Sheet before enquiring.
FEMA Rules for NRI Property Purchase
- NRIs can buy residential and commercial property in India without RBI approval
- Payment must be made through NRE, NRO or FCNR accounts — not foreign currency directly
- Repatriation of sale proceeds is allowed up to the original investment amount from NRE funds
- OCI (Overseas Citizenship of India) holders follow the same rules as NRIs
Home Loan Options for NRIs
Godrej Vanantara is pre-approved by SBI, HDFC, ICICI and Axis Bank. NRI home loans are available up to 80% of property value with competitive rates. Required documents typically include: valid passport, visa/OCI card, overseas address proof, last 6 months bank statements (overseas and India NRE/NRO), last 3 months salary slips and employment contract. Processing time for NRI loans is typically 2–3 weeks.
Power of Attorney (POA)
NRIs who cannot be physically present in India for the booking and registration process can appoint a trusted family member or representative through a duly notarised and apostilled Power of Attorney. This allows the POA holder to sign documents, complete registration and manage the purchase process in India. The project team can guide you on the POA format required for Karnataka property registration.
Tax Considerations for NRI Buyers
- TDS at 20% + surcharge applies on the purchase price if bought from an NRI seller (not applicable for first purchase from developer)
- Rental income from Indian property is taxable in India and may also be taxable in the country of residence
- Consult a tax advisor for DTAA benefits and repatriation planning
The Bannerghatta Road Location guide explains the Bannerghatta Road location advantage clearly for buyers evaluating from abroad. All project details should be confirmed at enquiry as information may be updated.