Jogeshwari West Mumbai — Why NRIs Choose This Location
For NRIs, Jogeshwari West offers the ideal combination: metro connectivity, airport proximity (5–7 km via WEH), established social infrastructure, and a strong rental market that generates income while you are abroad. The Mumbai property market's long-term track record and Jogeshwari's central positioning make this one of the most considered locations for NRI real estate investment.
Can NRIs Buy Property in Mumbai? Yes. Under FEMA (Foreign Exchange Management Act) guidelines, NRIs and PIOs (Persons of Indian Origin) / OCIs (Overseas Citizens of India) can purchase residential and commercial properties in India without RBI permission. Agricultural land, plantation property and farmhouses require special permission.
NRI Home Loan in India: Most leading banks — SBI, HDFC, ICICI, Axis, Kotak — offer NRI home loans. You can get up to 80% LTV. EMI must be serviced from your NRE/NRO account or NRI account. Loan repayment via inward remittance is permitted.
Power of Attorney (POA): NRIs who cannot visit India for registration can execute a notarised, apostilled POA authorising a trusted person in India to sign documents on their behalf. POA must be executed at the Indian consulate/embassy in your country of residence.
Repatriation: Sale proceeds of property purchased with foreign currency (NRE/FCNR funds) can be fully repatriated — up to the amount of original investment, plus capital gains after tax payment. Seek a FEMA-qualified CA for repatriation planning.
Tax: Capital gains on property sale — Short-term (held < 24 months): taxed as income. Long-term (held > 24 months): 12.5% LTCG without indexation or 20% with indexation (as applicable). TDS is deducted at source on property sale by NRIs.
F21 Properties assists NRI buyers with verified RERA project information, developer contact details, and documentation guidance — at no cost to the buyer.
