Yes. NRIs and OCIs can buy at Lodha Whitefield without RBI permission. Pay in rupees through Indian banking channels, from an NRE, NRO or FCNR account or an inward remittance, never in cash. The EOI is ₹7,20,000. Keep your passport, PAN and overseas address proof ready.
| Step | What to Do | Status |
|---|---|---|
| 1. Eligibility | NRIs and OCIs can buy residential property in India without RBI permission, with no cap on how many. Agricultural land, farmhouses and plantations are excluded. | RBI-based guides |
| 2. Pick the account | Pay from an NRE, NRO or FCNR(B) account, or by inward remittance through a bank. Not cash, not foreign currency notes, not traveller's cheques. | RBI FAQ and guides |
| 3. Pay the EOI | ₹7,20,000, open from 18 October. Cheque or transfer in favour of Lodha Developers Limited only. | Amount from the project team. Payee per Dwelling Ventures. [CONFIRM how Lodha takes EOI payments from abroad] |
| 4. KYC | Passport, visa or OCI card, PAN, overseas address proof, photographs. | Passport KYC per Dwelling Ventures. The rest is typical. [CONFIRM FROM LODHA'S EOI FORM] |
| 5. If you can't travel | Authorise someone with a power of attorney, drafted by a lawyer. Ask Lodha whether it accepts remote signing. | General practice. [CONFIRM WITH LODHA] |
| 6. Home loan | Indian banks lend to NRIs. EMIs are repaid from an NRE, NRO or FCNR account. | Guides |
| 7. When you sell | Repatriation has limits and tax. Plan it before you pay. | Ask your bank or CA |
If there is any chance you will sell and send the money abroad, pay from an NRE or FCNR(B) account, or by inward remittance, and keep the bank record.
The reason is the exit. Guides built on the RBI and FEMA rules say that for a property bought with NRE or FCNR funds, or with money remitted from abroad, you can repatriate up to the amount you originally brought in, for a maximum of two residential properties. For property bought from an NRO account, the limit is USD 1 million per financial year, after tax, with Forms 15CA and 15CB filed through a chartered accountant.
These rules have been revised over the years and RBI's own FAQ page is old. Check the current position with your bank or CA before you pick the account.
Most of it, yes. You send money from your overseas account to your NRE account, the bank converts it to rupees, and the payment goes from there.
The open question is the EOI itself. Dwelling Ventures says the cheque goes to Lodha Developers Limited. A cheque is awkward from abroad. So ask Lodha in writing how it accepts EOI payments from NRIs, and ask for the account details of Lodha Developers Limited on its own letterhead. Don't pay a broker, a channel partner or a personal account, including mine.
The rest of your due diligence has to happen on paper and on video. Ask for a video walkthrough of the sales gallery, the sanctioned plan once it exists, and the RERA registration number once it is published.
[YOUR EXAMPLE: how you have handled a remote buyer before, such as a video call, documents by email or a site visit on their behalf. Remove the name.]
You can repatriate sale proceeds, within the limits above, after you pay Indian tax. The tax depends on how long you held the property and on your country's tax treaty with India. I am not a tax adviser, so take this part to a chartered accountant before you commit.
Only if you have already decided you want a large home at Hope Farm Junction with this developer. The EOI is ₹7,20,000, and there is no price lock, no unit lock and no RERA registration yet.
An NRI has one extra problem: you can't test the sales gallery in person. So get the refund terms in writing before you pay, and ask for the RERA number before you commit more.
I'm [YOUR NAME] and I work with the project as [YOUR RELATIONSHIP: for example, a channel partner]. If you buy, I may be paid. I'm not a lawyer or a tax adviser, so check the legal and tax points above with your own.
Yes. NRIs and OCIs can buy residential property in India without RBI permission.
No. Payment is made in rupees through Indian banking channels. You can send foreign currency to your NRE account and pay from there.
NRE or FCNR(B), or inward remittance, if you may want to repatriate later. NRO works but has a USD 1 million yearly limit on sending money out, subject to applicable conditions and taxes. Confirm the current rules with your bank.
Indian banks lend to NRIs, and the EMIs can be repaid from an NRE, NRO or FCNR(B) account, subject to bank and regulatory requirements. Check the bank's terms for a pre-launch project.
The terms are in Lodha's EOI form. Get them in writing before you pay.
Not by law. In practice, ask for a video walkthrough, the RERA number and the written refund terms first.
| Item | Status | Where to Check |
|---|---|---|
| EOI ₹7,20,000, from 18 October | Provided by the project team | Lodha's EOI form |
| NRI eligibility, no RBI permission | RBI FAQ and guides | Your bank or CA |
| Payment from NRE, NRO, FCNR(B) or inward remittance | RBI FAQ and guides | Your bank |
| Repatriation limits (two properties, USD 1 million) | Guides. Rules have changed over time | Current RBI Master Direction, your CA |
| EOI payee: Lodha Developers Limited | Per Dwelling Ventures | Lodha's EOI form |
| How Lodha takes EOI from abroad | Not found | Lodha, in writing |
| NRI document list | Partly per Dwelling Ventures, partly typical | Lodha's EOI form |
| RERA registration | Pending per third-party pages | rera.karnataka.gov.in |
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