In short — NRIs and OCI holders can legally buy residential and commercial property in Mohali, including transferable GMADA Aerotropolis LOIs, under FEMA. Payment is routed through NRE or NRO accounts and repatriation of sale proceeds is permitted within RBI limits (unlimited from NRE, up to USD 1 million per year from NRO). India holds Double Taxation Avoidance Agreements with Canada, the UK, the USA, the UAE, Australia and 90+ countries, so gains taxed in India are credited at home. A registered Power of Attorney lets a buyer complete the purchase without travelling.
NRI property in Mohali — at a glance
| Who can buy | NRIs & OCI holders — residential + commercial |
|---|
| Restricted | Agricultural land, plantation, farmhouse |
|---|
| Payment route | NRE / NRO account, settled in INR |
|---|
| Repatriation | NRE: unlimited · NRO: up to USD 1M / year |
|---|
| Stamp duty | 6% (women) / 7% (men) + 1% registration |
|---|
| Long-term capital gains | 12.5% if held ≥ 2 years (no indexation) |
|---|
| TDS when NRI sells | 20–30% (lower-deduction certificate available) |
|---|
| Active Aerotropolis pockets | A, B, C, D only |
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| LOI price range | ₹100,000–110,000 / sqyd (residential) |
|---|
| Airport distance | Under 3 km from IXC |
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| Data source | MA verified dealer listing network |
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| Last refreshed | 13 Jul 2026 |
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Overview
How to Buy
FEMA Rules
Taxation
Currency Calc
NRI FAQ
✓ NRIs can buy property in Mohali Aerotropolis. GMADA LOIs and developed plots are eligible for NRI purchase under FEMA. Payment through NRE/NRO accounts. Repatriation permitted subject to RBI rules.
Why the corridor draws NRI interest
✈️ <3km from Chandigarh airport (IXC) — easy to visit
🏛️ GMADA is a government authority — authority-backed scheme
📄 Transferable LOI — can be assigned before possession
👨👩👧 Home-region ties — largest Punjabi diaspora corridors
🌐 FEMA compliant — legal, documented, repatriable
Where NRI enquiries concentrate
Based on available listings and enquiry-origin data, interest clusters in two pockets. This reflects buyer behaviour, not a recommendation.
Pocket A — deepest commercial and prestige inventory. ₹100,000/sqyd residential.
Pocket B — residential LOI at ₹100,000/sqyd.
nri enquiry trend — mohali aerotropolis
Key point: As an NRI you cannot be physically present for every step. A registered Power of Attorney (POA) in India handles registration on your behalf.
1
Identify the plot
Search listings on mohaliaerotropolis.com/listings. Shortlist by pocket, size, and budget. Verify the LOI number with GMADA.
📋 Needed: LOI copy, GMADA verification
2
Appoint a POA in India
Register a Power of Attorney with a trusted person in India (family/lawyer). Must be registered at Sub-Registrar office. Notarize abroad and apostille if signing outside India.
📋 Documents: Passport copy, visa, address proof, photos — attested by Indian Embassy
3
Get an NRE/NRO account
Open an NRE (Non-Resident External) or NRO (Non-Resident Ordinary) account with any Indian bank. Fund it via international wire transfer.
📋 NRE preferred — funds and interest fully repatriable
4
Transfer funds to India
Wire the purchase amount + 8-10% extra for stamp duty, fees, legal costs. Keep FIRC (Foreign Inward Remittance Certificate) — needed for repatriation later.
📋 Keep all FIRC documents safely
5
Execute the sale deed
Your POA signs the sale agreement and gets it registered at Sub-Registrar office in Mohali. Pay stamp duty (6-7% of sale value).
📋 Registration done at Sub-Registrar, SAS Nagar
6
Apply for GMADA transfer
POA submits transfer application to GMADA with all documents. Processing: 30-60 days. New LOI issued in your name.
📋 GMADA Transfer fee: ~₹10,000
7
Await possession
GMADA develops the pocket. You receive a possession letter when the plot is ready. Target: 2027-28 for active pockets.
📋 You do not need to be in India for this step
FEMA (Foreign Exchange Management Act) allows NRIs to buy residential and commercial real estate in India — including GMADA plots and LOIs — with no limit on the number of properties.
⚠ NRIs CANNOT buy: Agricultural land · Plantation property · Farmhouse (without RBI special permission). LOIs and developed plots in Aerotropolis are permitted.
NRE Account
✓ Can buy with NRE funds
✓ Both principal AND interest repatriable
✓ Interest tax-free in India
✓ Best for LOI purchase if funds from abroad
Open at: SBI, HDFC, ICICI, Axis — any major Indian bank
NRO Account
✓ Can buy with NRO funds
⚠ Repatriation capped at USD 1 million/year
✓ Use for income earned in India (rent, etc.)
Note: Keep FIRC (remittance certificate) for every wire transfer — required to prove funds came from abroad for repatriation.
power of attorney for nri purchases
If you are outside India:
1. Draft the POA with a lawyer in India
2. Sign before Indian Embassy or Notary in your country
3. Get it apostilled (countries under Hague Convention) or attested by Indian Embassy
4. Send original to India — register at Sub-Registrar office
Who can be POA: Family member, trusted friend, or registered property lawyer. The POA can sign all documents on your behalf.
joint purchase with resident indian
NRI can purchase jointly with a resident Indian. The resident Indian can be the first or second holder. This simplifies the buying process — the resident Indian handles paperwork without needing POA.
| Tax type | Rate | Condition | Notes |
|---|
| Stamp duty (buying) | 6-7% | On purchase | 6% women, 7% men, of sale value |
| Registration fee | 1% | On purchase | Of sale value, paid at Sub-Registrar |
| LTCG (Long-term CG) | 12.5% | Held ≥ 2 years | Without indexation (new rule 2024) |
| STCG (Short-term CG) | Slab rate | Held < 2 years | Added to income, taxed at your slab |
| TDS on purchase | 1% | If seller is resident | Buyer deducts, deposits with IT dept |
| TDS (NRI seller) | 20-30% | If seller is NRI | Apply for lower deduction certificate |
| Wealth tax | Abolished | — | No wealth tax in India since 2016 |
| Rental income tax | 30% TDS | If property rented | 30% TDS, NRI files return to claim refund |
DTAA benefit
India has Double Taxation Avoidance Agreements with Canada, UK, UAE, USA, Australia and 90+ countries.
This means you won't be taxed twice on the same income. The capital gain is taxed in India — you get a credit for this in your home country.
Repatriation
Sale proceeds can be repatriated abroad:
✓ Up to USD 1 million per year (NRO account)
✓ Unlimited (if originally paid from NRE account)
Required: CA certificate (Form 15CA/15CB), FIRC, sale deed, tax payment proof.
Currency → INR Converter
Live rates approximate — verify with your bank before transfer
What can I buy with my budget?
Can an NRI or OCI holder buy property in Mohali?
+
Yes. Under FEMA, NRIs and OCI cardholders can buy residential and commercial property in India, including GMADA Aerotropolis LOIs and developed plots, with no limit on the number of properties. Agricultural land, plantations and farmhouses remain restricted without RBI permission.
Can I buy from Canada or the UK without coming to India?
+
Yes. You appoint a registered Power of Attorney in India. You sign the POA before an Indian consulate or notary in your country, get it apostilled, and send the original to India. Your POA handles registration and GMADA transfer.
How does an NRI pay for a Mohali property?
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Funds are routed through an NRE or NRO account with an Indian bank. Payment is settled in INR through the banking channel. Keep the FIRC (Foreign Inward Remittance Certificate) for every transfer; it is needed for repatriation later. Payment in cash is not used.
Can sale proceeds be repatriated abroad?
+
Repatriation from an NRE account is permitted without the annual cap where the purchase was made with NRE funds. From an NRO account it is capped at USD 1 million per financial year. Form 15CA/15CB from a chartered accountant, FIRC and the sale deed are required.
What tax applies when an NRI buys or sells?
+
Buying attracts stamp duty (6% women, 7% men) plus 1% registration. On sale, long-term capital gains (held 2 years or more) are taxed at 12.5% without indexation; short-term gains are taxed at slab rates. When an NRI sells, the buyer deducts TDS at 20-30%; a lower-deduction certificate can reduce this.
My spouse is a resident Indian citizen — can she buy?
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Yes. Resident Indian citizens buy freely, and an NRI can purchase jointly with a resident Indian. A joint purchase can simplify paperwork, as the resident holder can act without a separate POA.
Is a GMADA property a safe purchase from abroad?
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GMADA is a Punjab government authority, so its schemes carry authority backing rather than a private developer counterparty. Known considerations include possession-timeline delays and the pending litigation on part of Pocket A (927 acres). Due diligence on the specific plot and LOI number is essential.
What happens if I sell the LOI before possession?
+
A GMADA LOI is transferable. Both parties execute a sale deed, pay stamp duty (6-7%) and apply to GMADA for name transfer. Capital gains tax applies on any gain. This is why the LOI suits buyers who are not resident in India.
Live inventory for NRI buyers
Pocket A–D and recent listings · updated hourly
PKT B
Loi · LOI · Aerotropolis
150 sqyd · ₹166,667/sqyd
₹2.5 Cr
PKT B
Loi · LOI · Pocket B — Aerotropolis
300 sqyd · ₹35,600/sqyd
₹1.07 Cr
PKT D
Loi · LOI · Aerotropolis
300 sqyd · ₹83,333/sqyd
₹2.5 Cr
PKT B
Loi · LOI · Pocket B — Aerotropolis
150 sqyd · ₹166,667/sqyd
₹2.5 Cr
PKT D
Property
50 sqyd · ₹2,000/sqyd
₹1 L
PKT D
Property
50 sqyd · ₹2,000/sqyd
₹1 L
PKT D
Property
50 sqyd · ₹2,000/sqyd
₹1 L
PKT D
Property
50 sqyd · ₹2,000/sqyd
₹1 L
PKT D
Property
50 sqyd · ₹2,000/sqyd
₹1 L
PKT D
Property
50 sqyd · ₹2,000/sqyd
₹1 L
PKT D
Property
50 sqyd · ₹2,000/sqyd
₹1 L
PKT D
Property
50 sqyd · ₹2,000/sqyd
₹1 L
