An NRI's Guide to Buying Property in the Tricity

NRIs make up a growing share of Tricity property buyers, drawn by Mohali's appreciation story and Chandigarh's established stability. The process is manageable remotely, but only if these four pieces are handled correctly.

1. Power of Attorney

A registered Power of Attorney (POA) in favor of a trusted representative — ideally your consultant or a family member — lets someone act on your behalf for site visits, document verification, and even registry, without you needing to be physically present for every step.

2. Remote transaction management

Site visits, negotiation, and title verification can all be coordinated remotely with video walkthroughs and documented reporting, provided you're working with a consultancy that treats NRI clients as a core segment rather than an afterthought.

3. Financing

NRIs can access home loans from Indian banks and NBFCs, typically through NRE/NRO account structures. Mohali properties often qualify for stronger loan-to-value ratios than Chandigarh's premium sectors, which can matter for financing strategy.

4. Repatriation rules

Sale proceeds can generally be repatriated up to the amount originally invested through banking channels, subject to RBI guidelines — get this confirmed with a chartered accountant alongside your property consultant before you sell.

If you're an NRI exploring Tricity property, our consultancy desk coordinates all four pieces under one point of contact.