India remittance flows hit a new milestone in FY25, reaching $135.46 billion, a 14% year-on-year increase, as per data from the Reserve Bank of India. Over 8 years, inflows have more than doubled from $61 billion, clear proof of growing economic confidence and stronger financial ties between the global Indian community and their homeland.
For NRIs looking to convert rising India remittance power into meaningful investments, luxury Indian real estate, especially from trusted developers like Rustomjee, presents a smart, future-ready opportunity. Let’s dive deeper into it!
Understanding FY25’s Record-Breaking NRI Remittances
India continues to dominate the global remittance landscape, reinforcing its appeal as a trusted destination for overseas capital.
What’s Driving the Surge in Remittances?
This upward trend in India remittance volumes reflects a deepening trust in India’s investment landscape. Let’s see the reasons behind the surge in remittances.
Several global and domestic factors are powering this spike:
- Stronger Job Markets Abroad: Indian professionals are thriving in global tech, healthcare, and financial sectors, particularly in the U.S., Canada, and the Gulf.
- Weaker Indian Rupee (INR): More rupees per dollar make remitting funds more lucrative.
- Stronger Emotional Ties Post-COVID: More NRIs are re-establishing long-term plans in India, through real estate, education, or family security.
Also Read: Real Estate Boom Around BKC: What Buyers and Investors Should Know
Why NRIs Choose Real Estate as Their Primary Investment
As global uncertainty continues to affect financial markets, NRI real estate investment has proven to be a stable, emotion-driven, and high-return strategy for the global Indian community.
More than stocks or mutual funds, real estate offers a powerful blend of emotional fulfilment, financial growth, and portfolio security.
Top 5 Reasons NRIs Continue to Prioritise Indian Real Estate
- Long-Term Appreciation in Prime Urban Markets
Real estate in Tier-1 Indian cities, particularly Mumbai, Bangalore, Pune, and Delhi NCR, has consistently delivered strong capital appreciation. National indices confirm this trend: NHB’s Q4 2024–25 housing price index saw Bangalore +13.1%, Mumbai MMR +5.9% and Pune +6.8%.
- Deep Emotional and Cultural Ties to the Homeland
Whether it’s maintaining a base for family visits, planning a future retirement in India, or simply preserving a sense of identity, real estate offers a tangible emotional connection that no stock can.
- Currency Leverage and FX Advantage
Fluctuations in the exchange rate often work in favour of NRI buyers. A strong dollar, dirham, or pound against the Indian Rupee translates into greater purchasing power.
- Passive Income Through Rental Yields
With the rise of executive leasing and corporate rentals, especially in Mumbai’s high-demand zones, luxury properties generate consistent income with minimal involvement. The average gross rental yield in India stands at 4.84% (Q2, 2025). Previously, in Q3 2024, the rental yield was 4.98%.
- Safe Diversification in a Tangible Asset Class
Unlike equities or crypto assets that fluctuate with global sentiment, real estate in India has historically been resilient to volatility. It serves as a low-risk, long-term hedge, especially when paired with other overseas investments.
Also Read: Is BKC the New South Mumbai? Exploring the Shift in Luxury Living
Rustomjee: Your Trusted Partner for Luxury Real Estate Investment
With over 25 years of experience and a dedicated NRI buying experience, Rustomjee stands out as a preferred choice for NRI real estate investment in India’s most premium locations.
NRIs need a developer who delivers, communicates clearly, and understands the nuances of cross-border investment. That’s where Rustomjee excels.
Over 25 Years of Leadership in Mumbai Real Estate
Founded in 1996, Rustomjee has built more than 25 million sq. ft. of residential and commercial developments, with a focus on premium urban projects.
NRI-Centric Buying Experience with Full Transparency
Rustomjee understands the needs of overseas buyers, from time zone sensitivity to remote documentation. That’s why the brand has developed a dedicated NRI support framework, offering:
- Virtual walkthroughs and project briefings
- Digital paperwork and transaction tracking
- Dedicated advisors for legal, tax, and financing questions
- Home loan assistance through NRI-compliant lenders
Proven Track Record of On-Time Delivery and Quality
In a market where delay and compromise are common, Rustomjee has built its reputation on delivering what’s promised, on time, every time.
- Strict adherence to timelines, RERA guidelines, and quality benchmarks
- Use of premium materials, innovative layouts, and future-ready tech, for example, Italian marble, smart home automation, and flexible layouts.
- Projects consistently command premium resale values and high rental demand.
Prime Luxury Properties for NRI Investment
As NRI remittances reach record levels, investors are not just looking for any real estate; they want strategically located, high-return, future-proof luxury homes. Mumbai offers multiple high-potential pockets, each catering to a different lifestyle, investment horizon, and buyer profile.
Here’s a breakdown of three top-performing luxury zones in and around Mumbai where Rustomjee has a strong presence, each offering distinct advantages.
Luxury Apartments in BKC: Where Business Meets Lifestyle
Once a purely commercial district, Bandra Kurla Complex (BKC) has evolved into Mumbai’s most prestigious live-work-play hub. It’s now home to corporate headquarters, foreign consulates, international schools, and high-end retail, making it a magnet for elite professionals and expats.
Why BKC Is a Prime Choice for NRIs:
- Close proximity to Mumbai International Airport
- Fast access to Western and Eastern Express Highways
- Excellent educational institutions (Dhirubhai Ambani International School, Ascend International)
- Walkable business district with global companies
Rustomjee’s Premium Offering: Rustomjee Seasons (BKC Annexe):
|
Feature |
Rustomjee Seasons (BKC Annexe) |
|
Unit Configuration |
2, 3, and 4 BHK luxury residences |
|
Built-up Area |
982 to 1,605 sq ft |
|
Key Amenities |
Clubhouse, rooftop garden, lap pool, gym |
|
Avg Rental Yield (FY25) |
2 – 3% |
|
Buyer Profile |
CXOs, diplomats, expats, HNIs |
Step-by-Step Guide to Buying Rustomjee Properties as an NRI
At Rustomjee, we’ve streamlined the property buying process for NRIs to ensure it’s clear, compliant, and convenient. Whether you’re based in the Gulf, the UK, or North America, this simplified process makes NRI real estate investment with Rustomjee transparent, compliant, and hassle-free.
Here’s how to get started:
Step-by-Step NRI Property Purchase Process
1. Choose the Right Property
- Explore Rustomjee’s premium residential options in Bandra, BKC, Juhu, Thane, or South Mumbai.
- Take virtual tours, access floor plans, and speak to an NRI advisor for location guidance.
- Select a configuration that fits your investment or lifestyle goals (2BHK, 3BHK, 4BHK, or penthouse).
2. Submit Documentation
Here are the basic documents required:
- Valid passport and visa/OCI/PIO card
- PAN card (mandatory for tax and registration)
- Proof of overseas address (utility bill, bank statement, etc.)
- Indian bank account details (NRE/NRO)
3. Execute a Power of Attorney (If Abroad)
If you can’t be physically present in India, appoint a trusted representative via a Power of Attorney (PoA) to complete property registration, execute agreements, and handle formalities.
- PoA must be signed and notarised abroad.
- It must then be adjudicated in India at the sub-registrar’s office.
- Rustomjee’s legal team can provide PoA templates and filing guidance.
4. Finalise the Agreement and Payment
- Review and sign the Agreement for Sale (digitally or via PoA).
- Payment to be made through:
- NRE or NRO account via cheque, demand draft, or wire transfer
- Inward remittance as per FEMA guidelines
- All transactions are fully RERA-compliant and bank-verified.
5. Legal Compliance & Handover
Before handover or possession, ensure the following:
- Stamp duty and registration fees are paid.
- TDS (Tax Deducted at Source) is handled (if applicable for resale properties).
- You need to obtain: a Possession letter, an Allotment letter, a No Dues Certificate, and an OC/Completion Certificate from the builder.
Conclusion
With record-breaking NRI remittances, global tax advantages, and India’s luxury real estate market showing strong, sustained momentum, there has never been a more strategic time to invest.
Rustomjee’s premium developments, backed by several years of delivery and trust, offer NRIs a unique opportunity to own high-performing, architecturally refined, and future-ready homes in India’s most valuable locations.
Whether you’re investing for appreciation, income, family use, or legacy, Rustomjee delivers on every count. Explore Rustomjee Properties today to discover your next investment home.
FAQs
- Can I purchase property in India jointly with a resident Indian family member?
Yes, NRIs can purchase residential property jointly with a resident Indian, such as a spouse, parent, or sibling. However, if the joint holder is not eligible to buy property (e.g., a foreign citizen without OCI), the transaction may face regulatory hurdles.
Rustomjee’s legal team can assist with structuring joint ownership agreements that comply with FEMA and RBI norms.
- How do I repatriate rental income or proceeds from selling my property in India?
Rental income and sale proceeds can be repatriated through your Non-Resident Ordinary (NRO) account, subject to tax compliance.
You’re allowed to repatriate up to $1 million per financial year, provided you submit the necessary forms (15CA and 15CB) and pay applicable taxes. Rustomjee’s NRI Desk can guide you through this process to ensure smooth repatriation.
- What happens to my property if I decide to relocate back to India in the future?
Your investment serves a dual value: as a current income-generating asset and a future-ready home. Most Rustomjee properties are located in well-connected, livable, and family-friendly zones, making them ideal for returnees.
You can transition from leasing your unit to occupying it, with minimal changes needed. Some developments even offer resale assistance or internal transfer options if you wish to upgrade.
