SkyLiving for NRI Investors
Invest in India’s Real Estate Without Visiting. Earn in Multiple Currencies.
SkyLiving is fully FPI-compliant and designed for NRI investors. Buy, manage, and earn rental income entirely remotely. Zero hassle. Maximum returns.
Why NRIs Choose SkyLiving
FPI-Compliant Property
What FPI Means:
- Foreign Portfolio Investment rules allow NRIs to own Indian residential property
- Completely legal, transparent, tax-compliant
- No government approval needed (unlike commercial property)
- Can own any number of residential units
Your Rights as NRI Owner:
✅ Full ownership rights (same as resident Indian)
✅ Rental income in INR or foreign currency
✅ Appreciation gains after 2-year holding
✅ Ability to sell and repatriate profits abroad
✅ Inheritance rights for family
No India Visit Required
100% Remote Process:
- Video tours (HD, multiple angles)
- Online property documentation
- E-signature on all legal papers
- Loan from international bank (HDFC NRI, ICICI NRI)
- Remote account opening for rental collection
Timeline: Complete purchase in 15-20 days from abroad
You Can:
- View property online via video
- Sign documents from your office in Singapore, Dubai, USA
- Receive rental payments to your foreign bank account
- Never visit India (if you don’t want to)
FPI Purchase Process: Simple & Secure
Step 1: Property Selection (Online, 1 day)
What You’ll Get:
- HD video tour (360° views of all rooms)
- Floor plan and specifications
- Price list in your home currency
- Amenities breakdown
Decision Point:
- Choose your unit type (2BHK or 3BHK)
- Floor preference (discuss via video call)
- Customization options (Italian marble colors, etc.)
Step 2: Financial Pre-Approval (3-5 days)
Option A: Pay from Abroad
- Inward remittance (from your home country bank)
- Foreign company account (if self-employed/entrepreneur)
- Investment fund account
Option B: Home Loan (NRI Special)
- HDFC NRI Home Loan: Up to 75% LTV
- ICICI NRI Home Loan: Competitive rates
- Processing: 15-20 days
- Interest rates: 8.5-9.5% (slightly higher than resident rates)
- Repayment: In foreign currency or INR (flexible)
Required Documents (E-submitted):
- Passport copy
- Visa copy (if applicable)
- Pay slips or income proof
- Bank statements (3-6 months)
- Employment letter / Business registration
Step 3: Booking Agreement (2 days)
Online Signing:
- Download booking agreement (English or native language)
- Video call with our legal team
- E-sign the agreement
- Pay booking amount (₹5-10L or equivalent USD/AED/GBP)
Booking Amount Remitted:
- Via international wire transfer
- SWIFT code: [Builder provides]
- Receive booking confirmation within 1 day
Step 4: Legal Due Diligence (5 days)
Our Team Verifies:
✅ RERA registration status
✅ Builder’s credentials and past projects
✅ Land title and clear ownership
✅ No disputes or litigation
✅ Environmental clearances
You Receive:
- Due diligence report (detailed, English)
- Builder’s track record analysis
- Legal opinion on ownership transfer
- Confidence to proceed
Step 5: Loan Disbursal & Registration (7 days)
If Taking Home Loan:
- Bank disburses funds directly to builder
- You don’t handle large cash transfers
- Zero forex risk on transfers
Registration Process:
- Property registered in your NRI PAN
- Registered deed sent to you (digitally)
- Physical copy at your preferred address globally
- Full legal ownership transferred
Step 6: Possession & Rental Setup (Day 1)
Once Property is Yours:
- Key handover (can arrange local representative)
- Property insurance (NRI-compliant, international coverage available)
- Rental management vendor onboarded
- Rental account setup (receive payments remotely)
Total Time to Rental Income: 24 months after booking (construction completion)
Pricing in Your Currency
2BHK Apartment
In Indian Rupees (Primary):
- Price: ₹62L - ₹67L
- Monthly rental potential: ₹50K - ₹60K
- Yield: 9-12% annualized
In US Dollars (Most Common for USA NRIs):
- Price: $74,400 - $80,360 (at 83.45 INR/USD rate)
- Monthly rental: $600 - $720
- Annual rental: $7,200 - $8,640
- Yield: 9-12%
In UAE Dirhams:
- Price: AED 273,120 - AED 297,360 (at 30.56 INR/AED rate)
- Monthly rental: AED 1,528 - AED 1,834
- Annual rental: AED 18,336 - AED 22,008
- Yield: 9-12%
In British Pounds:
- Price: £587 - £639K (at 105.23 INR/GBP rate)
- Monthly rental: £475 - £570
- Annual rental: £5,700 - £6,840
- Yield: 9-12%
In Singapore Dollars:
- Price: SGD 99,840 - SGD 108,000 (at 62.15 INR/SGD rate)
- Monthly rental: SGD 801 - SGD 961
- Annual rental: SGD 9,612 - SGD 11,532
- Yield: 9-12%
3BHK Apartment
In USD:
- Price: $101,860 - $119,800
- Monthly rental: $780 - $960
- Annual rental: $9,360 - $11,520
- Yield: 9-12%
In AED:
- Price: AED 375,360 - AED 443,280
- Monthly rental: AED 2,085 - AED 2,567
- Annual rental: AED 25,020 - AED 30,804
- Yield: 9-12%
In GBP:
- Price: £805K - £951K
- Monthly rental: £649 - £799
- Annual rental: £7,788 - £9,588
- Yield: 9-12%
In SGD:
- Price: SGD 137,700 - SGD 162,050
- Monthly rental: SGD 1,101 - SGD 1,352
- Annual rental: SGD 13,212 - SGD 16,224
- Yield: 9-12%
Live Forex Updates: Prices updated daily with live forex rates. Lock-in price at booking time.
Rental Income: Earn in Multiple Currencies
How NRI Rental Income Works
Monthly Rental Flow:
- Tenant Pays: ₹50K-60K (2BHK) directly to property manager
- Manager Collects: Funds held in India account
- Currency Conversion: We convert to USD/AED/GBP/SGD
- Remittance: Send to your foreign bank account
- You Receive: Rental income in your home currency
Monthly Timeline:
- 1st-5th: Tenant pays rent
- 7th: Manager confirms collection
- 8th: We process currency conversion
- 10th: Funds transferred to your foreign account
- 12th: You receive funds in your bank
Zero Forex Risk:
- We lock forex rate at time of remittance
- You know exactly how much USD/AED/GBP/SGD you’ll receive
- Can choose conversion timing (daily, weekly, or monthly)
Example: USD-Based NRI
Monthly Rental Scenario (2BHK @ ₹55K/month):
| Timing | Activity | Amount |
|---|---|---|
| 1st-5th | Tenant pays rent | ₹55,000 |
| 8th | Convert to USD @ 83.45 rate | $659 |
| 10th | Transfer to your US bank | $659 |
| Monthly | Arrives in your USA account | $659 |
| Annually | Your USD rental income | $7,908 |
Your Tax Filing (USA):
- Report ₹55K annual gross rental (₹6.6L/year)
- File tax return in USA on foreign income
- India tax: File ITR with foreign income disclosure
- Net after tax (approx): $4,700-5,500 depending on your USA tax bracket
Example: AED-Based NRI (UAE)
Monthly Rental (3BHK @ ₹70K/month):
| Timing | Activity | Amount |
|---|---|---|
| 1st-5th | Tenant pays rent | ₹70,000 |
| 8th | Convert to AED @ 30.56 rate | AED 2,139 |
| 10th | Transfer to your UAE account | AED 2,139 |
| Monthly | Arrives in your UAE bank | AED 2,139 |
| Annually | Your AED rental income | AED 25,668 |
Tax Advantage (UAE):
- UAE has NO income tax on residents
- You keep 100% of rental income (no tax deduction!)
- File annual tax return in India (source of income disclosure)
- Net after tax: AED 25,668 (zero deduction!)
This is why many Gulf NRIs invest in Indian property — tax arbitrage!
Tax Implications for NRI Owners
India Tax on NRI Rental Income
Annual Rental Income Filing:
- ₹55K monthly = ₹6.6L annual
- File Indian Income Tax Return (ITR)
- Standard deduction: 30% of rental income (₹1.98L auto-deduction)
- Taxable income: ₹4.62L
- Tax at 30% bracket: ~₹1.39L
- Net rental income: ₹5.21L (after India tax)
Key Points:
- NRIs on foreign salary pay India tax only on Indian source income
- Foreign rental remains subject to Indian tax (if from India property)
- Depreciation benefits available (5% per year)
- Home loan interest deduction available (₹2L cap)
Your Home Country Tax (USA, UAE, Singapore, etc.)
USA NRI (Example):
- Report foreign rental income on USA tax return
- Apply foreign earned income exclusion if applicable
- May get credit for India taxes paid
- Net result: Likely similar total tax to India rate
UAE NRI (Example):
- ZERO income tax in UAE on foreign income
- BUT must pay India tax
- No additional UAE tax liability
- Best tax position for Gulf workers
Singapore NRI (Example):
- Singapore taxes worldwide income
- Foreign property rental subject to SG tax
- Can claim credit for India taxes paid
- Consult SG accountant for exact position
Recommendation: Each NRI should consult tax accountant in home country before purchasing.
5-Year NRI Investment Projection
Scenario: USA-Based NRI Investing ₹62L (2BHK)
| Year | Property Value | Annual Rental | Cumulative Rental | Total Worth |
|---|---|---|---|---|
| 0 | $74,400 | - | - | $74,400 |
| 1 | $76,596 | $7,908 | $7,908 | $84,504 |
| 2 | $79,055 | $8,107 | $16,015 | $95,070 |
| 3 | $81,597 | $8,310 | $24,325 | $105,922 |
| 4 | $84,225 | $8,518 | $32,843 | $117,068 |
| 5 | $86,943 | $8,732 | $41,575 | $128,518 |
5-Year Returns:
- Total invested: $74,400
- Total value: $128,518
- Total rental income: $41,575
- Total gain: $95,693 (128.6% return)
- Annualized return: 17.8%
Breakdown:
- Appreciation gain: $12,543 (5-7% annually)
- Rental income: $41,575 (9-12% yield)
- Total: 15-20% blended returns
NRI Advantages Over Resident Indians
| Factor | NRI | Resident Indian |
|---|---|---|
| Foreign investment allowed | ✅ Yes (FPI rules) | N/A |
| Rental in foreign currency | ✅ Yes, directly | Must convert themselves |
| Tax filing | Simpler (foreign income) | Complex (multiple sources) |
| Property appreciation | Same (5-7% annual) | Same |
| Rental yield | Same (9-12% annual) | Same |
| Loan availability | ✅ NRI special rates | Standard rates |
| Ownership limits | Unlimited residential | Unlimited |
| Repatriation rights | ✅ Can send profits abroad | Must keep in India |
NRI Advantage: Can repatriate profits freely, receive rental income in home currency, simpler tax reporting (usually).
Real NRI Stories
“Bought 2BHK from Dubai. Signed documents remotely, never visited construction site. Property rented, now earns AED 2,500/month. Best investment decision.” — Ahmed K., UAE-based Indian
“Was looking at Singapore property, but 3BHK here is cheaper AND gives better yield. 12% annual return beats SG rental yields. Love the passive income.” — Rajesh N., Singapore-based engineer
“Tax arbitrage is real. Invest in India, earn in AED, pay zero tax in UAE. Keep 100% of rental income. Financial planning perfected.” — Priya S., Sharjah resident
NRI Special Offers
Booking Incentives
✅ ₹50K extra discount for NRI booking (FPI verification completed)
✅ Free property management for first 12 months
✅ Rental guarantees available (9% minimum guaranteed for 3 years)
✅ Concierge services for property visits when you visit India
Loan Support
✅ Co-signing support for NRI home loans
✅ Documentation assistance for international bank approvals
✅ Currency-neutral EMI option (choose INR or USD payments)
Complete NRI Ownership Checklist
- Video property tour (get building overview)
- Consult your tax advisor (understand home country tax implications)
- Check FPI eligibility (confirm your NRI status)
- Get pre-loan approval (HDFC NRI or ICICI NRI)
- Review booking agreement (legal review recommended)
- Arrange remittance (wire transfer to builder)
- Sign documents (e-signature, no India visit needed)
- Property insurance (international coverage)
- Rental management setup (nominate local manager)
- Bank account for rentals (for receiving payments)
- Take possession (after 24 months construction)
- Start earning (rental income flows to your bank monthly)
Ready to Invest from Abroad?
Schedule a remote consultation - Our NRI specialist will:
- Answer FPI process questions
- Calculate rental income in your home currency
- Explain tax implications
- Arrange video property tour
- Process your booking remotely
Or chat with our NRI advisor - Instant answers on:
- FPI eligibility
- Currency conversion rates
- Rental management process
- Loan options for NRIs
- Tax scenarios
Invest in Indian real estate. Earn in your home currency. No India visit required. 🌍
SkyLiving: Global Investors’ First Choice. ✈️