3 BHK Flats in Zirakpur: A Smart Investment for NRIs

February 20, 2024

NRIs Must Know About Investing in Real Estate

A non-residential Indian or NRI is a person who is living overseas but still holds the identity of an Indian citizen. NRIs shift to a foreign land to earn a better living in comparison to what they think could have earned in their hometown. NRIs usually earn a great amount in their paycheck. The NRIs prefer to keep a part of their monthly paycheck to invest it back in their hometown in India. This helps you to diversify your investment portfolio and stay connected to your homeland.

What is the best investment option for NRIs?

Besides staying connected to the roots, the falling value of Indian Rupees against the American Dollar has made it more profitable for NRIs to invest. There are various options open for NRIs to choose from for investment. Such investments are; Gold, Stocks, fixed incomes, etc. But there is one form of investment that can provide a stable and long-term income that is, Real Estate. Investing in residential properties in Zirakpur can prove to be fruitful for NRIs.

Recently there has been a significant demand by NRIs to invest in real estate in India. NRIs constituted around 10% of the total real estate investments in India between 2019 and 2020. However, this figure has unfailingly increased, reaching 15% recently, as per the survey report. It further projects that by 2025, NRIs are expected to contribute to 20% of the Indian real estate market.

It is the best time for NRIs to invest in areas that are still in their developing stage. Cities like Zirakpur have gained a lot of popularity due to recent developments. Because of this, there is hype amongst NRIs to invest in the luxury flats in Zirakpur. This way they can have a home while staying away from home.

Can NRIs buy properties in India?

The Reserve Bank of India (RBI) has permitted individuals holding the status of NRI to invest in Indian Real Estate. However, there are certain regulations and limitations for them. The NRIs can invest in both commercial and residential real estate without asking for any permissions from RBI. The Foreign Exchange Management Act(FEMA) was framed to govern the guidelines regarding the investments of NRIs in India.

Section 6(5) of FEMA states that a person resident outside India may hold, own, transfer or invest in any immovable property situated in India if such property was acquired, held/owned by such person when he was resident in India or inherited from a person who was resident in India.

Where can NRIs invest in Flats in Zirakpur?

As per the FEMA, any NRI can invest in Indian Real Estate in both residential and commercial sectors. NRIs prefer investing in Flats in Zirakpur for either their personal use or to create a rental income.

Staying away from home and leaving behind your whole life here is not easy. With so many emotions attached, settling a whole life in a completely different nation can be a struggle for everyone. Hence, choosing and investing in an apartment in Zirakpur will give you an essence that you are still connected to your homeland. And while you are staying overseas, you can even give it for rent. This way you can earn from your investment in a flat in Zirakpur.

How can NRIs pay for their 3BHK flat in Zirakpur?

In India, NRIs can open three types of accounts: NRE Account, NRO Account, and FCNR (B) Account. These accounts facilitate NRIs to make any kind of payment transaction in India. These NRI accounts can only be opened by individuals residing out of the geographical territories of India for at least 120 days in a year and spent less than 365 days in India in the last four financial years, as per the Income Tax Act 1961.

Are there any Tax benefits for NRIs investing in Indian Real Estate?

There are many tax benefits for NRIs when they invest in Indian Real Estate. On selling their property after 3 years of purchasing, the NRIs are allowed to claim 20% of capital gains.

There are many tax benefits stated under section 80(c) of the Income Tax Act, of 1961. The properties bought for personal use by NRIs, are exempted from taxes. However, the amount earned from investing in an apartment in Zirakpur by NRIs is taxable as per the Income Tax Act.


NRIs invest in Indian Real Estate to stay connected to their homeland. The circumstances are also favourable and profitable for NRIs to invest in residential properties in Zirakpur. The falling value of the Indian Rupee against the American Dollar increases the affordability of NRIs to invest in a 3BHK flat in Zirakpur.

Investing in a newly constructed 3BHK flat in Zirakpur is certainly very prosperous for NRIs. Zirakpur is a growing city located at a prime location. This adds to the advantages for you while investing in a property in Zirakpur as the property’s value will appreciate with time.

The luxurious flats built by THE ZIRK  provide a lavish living. These apartments in Zirakpur are ready with urban exteriors to elevate your lifestyle. The flats by THE ZIRK are built with the idea of a traditional Indian household, along with a blend of modern living. Experience the warmth of your Indian roots even while you’re miles away from home. Our services are designed to keep you connected to your cultural values no matter where life takes you!

The Zirk By Urban Nest Projects (3 & 3+1 BHK Luxurious Apartments) – Walk Through

It is time for you to invest in a luxurious 3 BHK flat in Zirakpur offered by THE ZIRK.  Indulge yourself in the idea of modern living without losing your Indian Values.

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