NRIs Guide for Buying Apartments/Flats in Trichy 2025

For many Non-Resident Indians (NRIs), India is more than just a country—it is home. Whether it is the city where you grew up, a place you frequently visit to reconnect with family, or a nation rich in culture and long-term investment potential, owning property in India remains a deeply personal aspiration for NRIs across the globe.

However, purchasing an apartment in India as an NRI can seem complex due to regulations under FEMA, tax implications, repatriation rules, and documentation requirements. With the right guidance and a trusted builder, the process becomes not only manageable but highly rewarding.

This comprehensive guide explains everything NRIs need to know about buying apartments in Trichy, including eligibility, regulations, financing, taxes, benefits, and why Trichy—especially projects by Jeyam Builders—is an ideal destination for NRI real estate investment.

Understanding eligibility is the first and most important step for NRIs planning to invest in Indian real estate.

Who Qualifies as an NRI, PIO, or OCI?

Non-Resident Indian (NRI):
An Indian citizen who resides outside India for more than 182 days in a financial year.

Person of Indian Origin (PIO):
A foreign citizen (except Pakistan and Bangladesh) who has held an Indian passport or has Indian ancestry.

Overseas Citizen of India (OCI):
OCI cardholders are permitted to purchase residential and commercial property in India under similar conditions as NRIs.

Property Types NRIs Can Buy

NRIs and OCIs are legally allowed to purchase:

• Residential apartments and flats
• Residential plots (subject to approvals)
• Commercial properties

They cannot purchase:

• Agricultural land
• Plantation property
• Farmhouses

NRI real estate investments in India are governed by the Foreign Exchange Management Act (FEMA). Under FEMA, NRIs can buy residential and commercial properties using funds from the following sources:

Permitted Bank Accounts:

• NRE Account (Non-Resident External):
  For income earned abroad; fully repatriable.
• NRO Account (Non-Resident Ordinary):
  For income earned in India such as rent; repatriation subject to limits.
• FCNR Account (Foreign Currency Non-Resident):
  Maintains foreign currency deposits in India.

NRIs are not required to seek prior approval from the Reserve Bank of India (RBI) for purchasing residential or commercial property.

Self-Funding

NRIs may use funds from their NRE or NRO accounts to:

• Pay the down payment
• Cover ongoing maintenance expenses
• Sale proceeds can be repatriated after payment of applicable taxes, as per RBI rules.

Home Loans for NRIs

NRIs are eligible for home loans from approved Indian banks and housing finance companies. However:

• Loan eligibility criteria may differ
• Interest rates may vary slightly
• Loan-to-value ratio is usually lower than for resident Indians

Most reputed builders, including Jeyam Builders, assist NRIs with loan documentation and banking coordination.

1. Managing the property from overseas: To take care of upkeep and tenant relations, think about working with a property management business.
2. Extended strategies: Think about your objectives for the property. Will it be for future sale, rental income, or use for personal use? If applicable, familiarize yourself with inheritance laws.

An NRI can purchase an apartment in India by going through the same process as a citizen of India, but in addition to obeying certain tax and repatriation laws, they also have to go by FEMA regulations and use NRE or NRO accounts for transactions.

It is legal for OCIs and NRIs to purchase residential and commercial real estate in India. When buying a property, you are not required to send any correspondence or intimations to the Central Bank. Farmhouses, plantations, and agricultural land cannot be purchased by NRIs in India.

In terms of taxes, the Indian government levies charges on nearly all incomes earned in the country by both resident Indians and non-resident Indians (NRIs). But when buying a residential or commercial property in India, these non-resident Indians (NRIs) are also qualified for a number of tax breaks and subsidies, just like resident Indians.

An Indian citizen who resides in India for less than 182 days over the course of the previous fiscal year is also considered an NRI. In contrast, a PIO is a foreign national (except from Bangladesh and Pakistan) who has ever held an Indian passport, has Indian ancestry in the family, or has an Indian spouse.

When foreign nationals buy real estate in India, there are tax ramifications. Finding out if the property seller is a resident or non-resident under the Income Tax Act of India is crucial to comprehending this. When an NRI purchases real estate in India, they are required to pay TDS, or Tax Deducted at Source. This amount is determined by the seller’s residency status and the type of capital gains that were made.

1. If an NRI purchases an Indian residential property from a resident and the sale consideration worth is more than Rs 50 lakh, he is required to deduct TDS at the rate of 1%.
2. On the other hand, TDS deduction should be set at 20% if an NRI buys a property from a non-resident and long-term capital gains (LTCG) are applicable.

If short-term capital gains apply, 30% of TDS must be subtracted. If a property is sold within two years of purchase, short-term capital gains apply. The property has a long-term capital gain if it is sold two years after it was purchased. Furthermore, the tax deduction must be deposited 30 days after it is made. A one percent monthly late deduction of TDS penalty will be imposed for non-deduction or late tax deduction.

NRIs must pay taxes on their capital gains and rental income, although the IT Act has numerous provisions that offer tax incentives and other subsidies, such as PMAY, to these offshore Indians.

The following are the tax benefits that non-resident individuals can receive:

1. An NRI is eligible to use interest deductions, deduct property taxes, and claim a standard deduction of 30% when it comes to house loans.
2. An NRI is not obliged to file an IT return if their main source of income during the year in India is from investments in Indian assets from which TDS has already been deducted. Sections 54, 54F, and 54EC must be used to claim the exemption (unlike the short-term capital gains).
3. Permitted deductions include principal repayment and a claim for section 80C stamp duty and registration fees (paid at the time of the property purchase).
4. If capital gains from the first property’s sale are put back into designated bonds, there is an exemption.
5. Deductions are only permitted in the following circumstances:

• Permitted for an insurance policy with a premium of less than 10% of the sum assured, and only if the policy is in the name of the NRI or his/her family.
• Iincluded interest paid on student loans and tuition for full-time courses at any Indian school, college, or university
• It is also applicable to contributions made to any kind of nonprofit organization.
• To invest mutual fund sums up to Rs 1.5 lakh in the Equity Linked Savings Scheme (ELSS).
• On interest received by savings certificates and bonds issued by the government.
• Accessible for the paid health insurance premium, up to Rs 50,000 for senior adults and Rs 25,000 for insurance covering oneself, one spouse, and one dependent kid.

The benefits of apartments for investors are numerous. Among the best kinds of residential real estate is this one. The following are some advantages of purchasing an apartment:

1. For a far lower price, you get receive an apartment in a desirable area.
2. You are not required to perform any personal maintenance on the property.
3. Apartments are easier to find renters for, particularly if they are in a desirable area.
4. Living in an apartment will provide you with a feeling of community.
5. Additionally, you’ll be closer to neighborhood hubs and have greater access to amenities.

Choosing the perfect location is crucial. Popular areas for NRIs in Trichy include:

Thillai Nagar, Srirangam, K K Nagar, Karumandapam, Thiruvanaikoil, Cantonment, Tennur, Puthur

If you are looking to invest in a flat in Trichy, Trichy is a great avenue. Located in Tamil Nadu, it offers a balanced lifestyle and a rich real estate market. Jeyam Builders is one of the most reputed builders in Trichy.

They offer 2 and 3 BHK apartments through their recent project Jeyam’s Empire and Jeyam’s Tulip.  A breathtaking residential complex with world-class, modern amenities that will elevate your lifestyle.

Amenities at Jeyam’s Empire:

• Gym
• Club House
• Amphitheatre
• Party hall
• Open-air kid’s play area
• Supermarket
• Theatre
• swimming pool
• Badminton Court
• Cafeteria
• Senior Citizen corner

Finding the Right Apartment:

• Jeyam’s Empire: 1/14, 1st Main Rd, LIC Colony, Ayyappa Nagar, K K Nagar, Tiruchirappalli, Tamil Nadu 620021
• Jeyam’s Tulip: 3rd Main Rd, Thirunagar, Karumandapam, Tiruchirappalli, Tamil Nadu 620001

Owning an apartment in Trichy offers NRIs a connection to their heritage, and rental income potential. Understanding regulations, financing options, and the purchase process ensures confident decisions. Consulting professionals is vital for a smooth and successful property investment.

Don’t miss out on this incredible opportunity to invest in your future. Contact us today to schedule a visit or learn more about our projects. Let Jeyam Builders help you make your dream of owning a home in India a reality!

Visit our website Jeyam Builders or call us phone no: 0431-4220050 now. Your dream home in Trichy awaits!

Also Read: Why you should invest in apartments and flats in Trichy: Trichy offers strategic location, growing infrastructure, thriving economy, and rich cultural heritage. With top institutes, rental demand, and employment hubs, it ensures excellent ROI. Explore Jeyam Builders’ premium projects for your dream home today!