• UNITING EXTRAORDINARY HOMES
    WITH EXTRAORDINARY LIVES

    880 AFFILIATE OFFICES IN 70
    COUNTRIES AND TERRITORIES

GLOBAL REACH, LOCAL EXPERTISE

Sotheby’s International Realty® Network. Global Reach. Local Expertise. Whether as a lifestyle home or an investment residence, India Sotheby’s International Realty is here to lead you on a journey to discover your next property from anywhere in the world.

EXPLORE PRESTIGIOUS PROPERTIES FROM AROUND THE WORLD

Representing for the international connoisseurs of life, India Sotheby’s International Realty takes great pride in using its expertise, resources, and global connections to perfectly unite extraordinary homes with extraordinary lives.


SOTHEBY’S INTERNATIONAL REALTY®

Sotheby’s International Realty® network was founded in 1976 and is designed to connect the finest independent real estate companies to the most prestigious clientele in the world.

Today, the Sotheby’s International Realty® brand strives to represent all those who consider themselves "Connoisseurs of Life" as well as the distinctive properties they desire. It provides independent offices with a powerful marketing and referral program for luxury properties.

 

Each Sotheby’s International Realty® office is a luxury market share leader in their respective market, allowing India Sotheby’s International Realty to deliver personal connections with affluent purchasers in key feeder markets. Sotheby’s International Realty® has multiple exclusive opportunities to market to auction house clients, including print and interactive advertising and exclusive event sponsorship opportunities.

21,000+

Real estate agents

900

Offices

US $ 1.2 MILLION

Average transaction price on a Sotheby’s International Realty® referral

1 BILLION MEDIA
IMPRESSIONS

Delivered annually by our global media plan

NRI BUYER’S GUIDE FOR INVESTING IN INDIA

  • An NRI buying an immovable property in India does not require any special permission. There are also no restrictions on the number of immovable properties that an NRI may purchase, either residential or commercial.
  • The purchase consideration should be met either out of inward remittances in foreign exchange through normal banking channels or out of funds from NRE/FCNR accounts maintained with banks in India under the foreign Exchange management Act (FEMA) and the Reserve Bank of India (RBI) regulations.
  • The formalities required to purchase residential/commercial immovable property in India are to file a declaration in form IPI7 with the Central Office of Reserve Bank with in a period of 90 days from the date of purchase of immovable property or final payment of purchase consideration along with a certified copy of the document evidencing the transaction and bank certificate regarding the consideration paid.
  • When an NRI sells a property in India, TDS (tax deducted at source) calculation is done at the rate of 20.6 per cent on long-term capital gains and 30.9 per cent on short-term capital gains. However, the final taxation rate is similar for NRIs and resident Indians. If an NRI has a lower tax slab applicable to him, he can apply for a refund of the TDS by filing their income tax return.
  • The RBI has given a general permission to banks and housing finance companies registered with the National Housing Bank to provide loans to NRIs for buying residential property in India.
  • As they live outside, NRIs have an option to give Power of Attorney (PoA) to their friends or relatives to complete the property purchase process in India. The PoA can be general or specific about the rights your representative can exercise.
  • An NRI or Person of Indian origin (PIO) may repatriate the proceeds from the sale of immovable property in India. The NRI/PIO may repatriate a maximum of $ 1 million per financial year.

INDIAN BUYER’S GUIDE FOR INVESTING ABROAD

  • The provisions related to owning of an immovable property outside India by a resident Indian, are governed by the Foreign Exchange Management Act (FEMA).
  • Indian residents are also allowed to purchase immovable property outside India, subject to certain conditions on the payment of the consideration. The consideration for the purchase can be paid by the Indian resident, from the balance held in his Resident Foreign Currency (RFC) account.
  • A resident Indian is also allowed to buy an immovable property of any value outside India and remit the consideration, within the limits laid down under the Liberalised Remittance Scheme (LRS). The quantum of remittance under the LRS should not exceed USD 2,50,000 per person, per annum. A family of four, could therefore, jointly transfer USD 1,000,000 abroad in one financial year, to purchase a property abroad in their joint names. This limit is applicable to all the transactions taken together, like overseas education, travel, maintenance of relatives outside India, expenses on medical treatment outside India, etc., and includes the purchase of immovable property.
  • Resident individuals are also permitted to purchase property overseas jointly with a relative who is resident outside India, without prior RBI approval. However, the property must be purchased using funds that are already overseas, without any outflow of funds from India.
  • A resident of India is also allowed to acquire an immovable property outside India under a lease, for a period that does not exceed five years at a stretch.
  • The sale of a property within India to finance the purchase of a foreign property could create a tax liability within India. Further, the lease, sale or transfer of foreign property, once purchased, would also create a tax liability, both in India and in the foreign country.