Buying Property in Tricity as an NRI: Rules, Documents and Areas (2026)

Property1313 Team · August 12, 2026 · 2 min read

Tricity is a popular choice for NRIs buying property in India, especially families with roots in Punjab and Haryana.

Can NRIs Buy Property in Tricity?

Yes. NRIs and OCI cardholders can buy residential and commercial property in India without separate RBI permission. Agricultural land, plantation property and farmhouses are not open to NRI purchase, except in limited cases such as inheritance.

Document Requirements for NRIs

Indian passport or OCI card, PAN card, overseas address proof, NRE/NRO account details, passport-size photographs, and a power of attorney if you are buying remotely.

Power of Attorney

NRIs can give a power of attorney to a trusted family member or representative in India to complete the purchase. It is usually attested at the Indian embassy or apostilled abroad, then adjudicated in India; check the steps with your lawyer.

Areas NRIs Often Look At

Mohali IT City: newer luxury apartments near the airport. The Pinnacle in Sector 83 Alpha is listed from Rs. 3.25 Cr onwards.

Zirakpur VIP Road: a wide range of budgets with highway access. The Ethereal is listed from Rs. 1.38 Cr + GST.

Chandigarh: established sectors; our 1 kanal kothi listings carry asking prices from Rs. 18 Cr.

New Chandigarh: planned townships such as Omaxe The Resort, listed from Rs. 94.16 lakh onwards.

Tax Points

NRIs can generally claim home loan interest under Section 24(b) and principal under Section 80C, within the applicable limits.

Capital gains rules on property changed in the July 2024 Budget, so confirm rates and TDS on an NRI sale with a chartered accountant.

Repatriation Rules

Sale proceeds of up to two residential properties can generally be repatriated, subject to RBI rules. Pay for the purchase through banking channels such as your NRE/NRO account. Forms 15CA/15CB apply to many remittances.

How Property1313 Can Help

Property1313 can shortlist projects, share videos and documents, arrange site visits for your family and walk you through the steps. For legal and tax advice, use a lawyer and a CA you trust.

Why Tricity for NRIs?

Airport: domestic flights and international routes such as Dubai

Quality of life: planned sectors, greenery, good hospitals

Family base: roots in Punjab and Haryana

Frequently Asked Questions

Can NRIs buy property in Tricity?

Yes, NRIs and OCI cardholders can buy residential and commercial property without separate RBI permission. Agricultural land, plantations and farmhouses are not open to them except in limited cases.

What documents do NRIs need?

Passport or OCI card, PAN card, overseas address proof, NRE/NRO account details and photographs. A power of attorney helps if you are buying remotely.

Can NRIs get home loan in India?

Yes, many Indian banks give home loans to NRIs. The share of the price they finance and the interest rate depend on the bank, the loan size and RBI limits, so compare offers.

Can sale proceeds be repatriated?

Generally yes, for up to two residential properties, subject to RBI rules and the required forms. Confirm the process with your bank.

Does Property1313 help NRIs?

Yes. Property1313 can shortlist projects, share videos and documents, arrange site visits for your family and walk you through the purchase steps. Call 89100 01313.