FEMA Eligibility
Under FEMA, NRIs, OCIs and PIOs are generally permitted to buy residential property in India. The framework is well-established — a residential apartment is among the most straightforward purchases.
Phase 3 · Overseas Buyers
NRI Investment — Buying From Abroad.
Buying a home in Bengaluru from overseas is more straightforward than many NRIs expect. This guide covers the essentials for a Prestige Rosewood Phase 3 purchase — FEMA basics, the right bank accounts, repatriation, power of attorney and a simplified remote-booking flow.
NRI Investment — Quick Facts
Eligible buyers
NRIs, OCIs & PIOs
Property type
Residential apartment
Payment route
NRE / NRO / FCNR accounts
Governed by
FEMA & RBI guidelines
Remote buying
Supported via PoA
Project
Prestige Rosewood, Phase 3
Have a question about this?
Speak with a senior Prestige Rosewood advisor — a quick, no-obligation call.
The Essentials
Four things every NRI buyer should know.
The regulatory groundwork for an NRI property purchase is well-established. Understanding these four essentials makes the whole process clear from the start.
NRE / NRO / FCNR Accounts
Payments are routed through your NRE, NRO or FCNR account, or via normal banking channels. Using the right account from the start keeps the paperwork — and any future repatriation — clean.
Repatriation of Funds
Sale proceeds can generally be repatriated, subject to RBI conditions and limits. Funding the purchase correctly through an NRE account is what keeps that route open later.
Power of Attorney (PoA)
A registered Power of Attorney lets a trusted representative in India sign documents and complete formalities on your behalf — the key to a fully remote purchase.
Buying Remotely
A purchase you can complete from anywhere.
An NRI does not need to fly to Bengaluru to buy a home here. The process runs in four steps — explore, reserve, appoint, and complete.
Explore Remotely
Start with the virtual tour, floor plans and a video call with an advisor — shortlist a configuration without travelling to Bengaluru.
Reserve Your Unit
Submit the Expression of Interest and booking amount through your NRE or NRO account to confirm the apartment.
Appoint a PoA
Execute a registered Power of Attorney so a trusted representative can sign the agreement and handle formalities in India.
Complete & Track
The agreement is executed, the time-bound payment schedule runs on its fixed dates, and you track construction online through to possession.
Why It Works for NRIs
Why overseas buyers choose Phase 3.
Beyond the regulatory mechanics, four things make Prestige Rosewood Phase 3 a considered choice for an NRI buyer.
A Time-Bound, Predictable Plan
Payments fall on fixed dates set at booking — so an overseas buyer can plan remittances well ahead, without tracking construction milestones from abroad.
A Trusted, Listed Developer
Prestige Estates is an NSE-listed developer with a long delivery record — the kind of accountability that matters when you are buying from another country.
An IT-Led Rental Market
Whitefield's deep IT-workforce tenant pool makes a let-out apartment a practical proposition — useful for NRIs buying as an investment.
A Home for an Eventual Return
Many NRI buyers are securing a home for a future move back. A lakefront Whitefield address is a considered choice for that long horizon.
Be Prepared
The documents to have ready.
Having the right paperwork in order makes an NRI purchase smooth. This is the indicative document set — your advisor will confirm exactly what is needed for your case.
Identity & Status
- Valid passport (and visa / OCI or PIO card)
- Overseas address proof
- Recent passport-size photographs
Financial
- PAN card (mandatory for property transactions)
- NRE / NRO bank account details
- Funding and remittance documentation
For Remote Buying
- Registered Power of Attorney document
- Identity proof of the PoA holder
- Any apostille / attestation required for overseas-executed papers
Please note: This page explains the NRI buying framework in general terms and is not legal, financial or tax advice. FEMA rules, RBI repatriation conditions and tax provisions change over time and depend on your individual circumstances. Always confirm the current position with your bank and a qualified legal and tax advisor before proceeding.
Plan Your Purchase
Financing, returns and the project.
Virtual tour
Explore every configuration online — the practical first viewing for an NRI buyer.
Home loan
Home-loan options and how financing works for NRI buyers.
Payment plan
The time-bound schedule — fixed dates that make remittance planning simple.
Investment ROI
The appreciation case for a Phase 3 purchase over the ownership horizon.
Rental yield
The let-out case — relevant for NRIs buying as an investment.
The developer
Prestige Estates — the listed-developer track record behind the project.
FAQs
NRI-investment questions, answered.
Can an NRI buy a property at Prestige Rosewood?
Yes. Under FEMA, NRIs, OCIs and PIOs are generally permitted to buy residential property in India, and a residential apartment such as one at Prestige Rosewood Phase 3 is among the most straightforward purchases. Payments are routed through NRE, NRO or FCNR accounts. Confirm your specific eligibility with a qualified advisor.
How does an NRI pay for the apartment?
NRI buyers fund the purchase through their NRE, NRO or FCNR account, or via normal banking channels — not in foreign currency cash. Using the appropriate account from the outset keeps the paperwork clean and, importantly, keeps the future repatriation route straightforward. The essentials section on this page explains the account types.
Can an NRI buy without travelling to India?
Yes — a fully remote purchase is supported. After exploring the project online via the virtual tour and a video call, an NRI can reserve a unit, then execute a registered Power of Attorney so a trusted representative signs the agreement and completes formalities in India. The steps section on this page sets out the flow.
Can an NRI repatriate the money from selling the property?
Sale proceeds can generally be repatriated, subject to RBI conditions and limits in force at the time. The key is funding the purchase correctly — typically through an NRE account — as that is what keeps the repatriation route open. Rules change, so confirm the current position with your bank and a qualified advisor before relying on it.
Can an NRI get a home loan for this property?
Yes — Indian banks offer home loans to NRI buyers, subject to their eligibility criteria. The loan works with the project's time-bound payment plan in the same way it does for a resident buyer. The home-loan page covers financing in detail.
What are the tax implications for an NRI buyer?
NRI property transactions in India carry tax considerations — on rental income, on capital gains at sale, and through TDS provisions — that depend on the prevailing rules and any applicable double-taxation treaty. This page is general guidance only and not tax advice. The tax page covers the topic; always consult a qualified tax advisor for your situation.
Overseas Buyers · Prestige Rosewood
Buy with confidence, from anywhere.
Talk to a senior advisor experienced with NRI buyers about Prestige Rosewood Phase 3 — eligibility, the remote-buying flow and what your purchase involves. A clear, no-obligation conversation.