Can NRIs Invest in Under-Construction Flats in Dombivli?

Over the past decade, Dombivli has evolved from a quiet suburb into a well-planned residential hub within the Mumbai Metropolitan Region (MMR). With the rise of integrated townships, improving infrastructure, and relatively affordable pricing, the area has attracted not just local buyers—but also Non-Resident Indians (NRIs) looking to invest in Indian real estate.

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A common question among NRI buyers is: C

an NRIs invest in under-construction flats in Dombivli? The answer is a clear yes. In fact, under-construction properties are among the most popular choices for NRI investors. Here's why.

Why NRIs Are Eyeing Dombivli

Dombivli’s appeal lies in several factors:

• Proximity to key job markets like Thane, Navi Mumbai, and Mumbai

• Excellent connectivity via Central Railway, upcoming metro lines, and roadways

• Integrated townships like Lodha Palava, Runwal Gardens, and Marathon Nexworld offering world-class amenities

• Competitive pricing compared to Mumbai or Thane city

• High rental potential due to growing population and demand

These reasons make Dombivli an ideal market for long-term NRI investment.

Legal Rights of NRIs to Buy Under-Construction Property in India

As per RBI regulations under the Foreign Exchange Management Act (FEMA):

• NRIs and Persons of Indian Origin (PIOs) can legally buy residential properties in India, including under-construction flats.

• No special approval is required from RBI.

• However, NRIs cannot purchase agricultural land, plantations, or farmhouses.

How Can NRIs Invest in Under-Construction Flats in Dombivli?

Here’s a step-by-step overview of the process:

1. Choose a RERA-Registered Project:
   Select a reputable project from developers like Lodha, Runwal, Regency, or Marathon. Ensure it is registered with MahaRERA.

2. Check Payment Plans:
   Many builders offer construction-linked payment plans or subvention schemes. NRIs can pay through NRE/NRO accounts.

3. Documentation Needed:

   • Valid passport and visa

   • PAN card

   • Overseas address proof

   • Indian address (if any)

   • Power of Attorney (POA), if someone in India is handling the transaction

4. Home Loans for NRIs:
   Many Indian banks offer home loans to NRIs for under-construction flats. Loans are disbursed in stages based on construction progress.

5. Registration & Possession:
   After completion, the flat must be registered in the buyer’s name. NRIs can appoint a POA holder to handle this locally.

Benefits of Investing in Under-Construction Flats

• Lower Entry Cost: Prices are usually lower compared to ready possession units.

• Appreciation Potential: By the time the project is complete, property values may have appreciated significantly.

• Customisation Options: Buyers can sometimes choose floor tiles, paint shades, or fittings during the early construction phase.

• Developer Offers: Pre-launch and early-bird offers make it a lucrative option for investment.

Key Points to Keep in Mind

• Always verify the RERA number of the project.

• Review the builder’s track record and financial standing.

• Clarify the total cost including GST, stamp duty, registration, and maintenance.

• Check delivery timelines and penalty clauses in the agreement.

Final Thoughts

Yes, NRIs can absolutely invest in under-construction flats in Dombivli — and it can be a smart move for both long-term appreciation and rental income. With the right due diligence and support from reputed developers and financial institutions, the process is fairly smooth.

Whether you plan to return to India, want to secure an asset for the future, or are simply looking for a good return on investment, Dombivli’s growing real estate market is definitely worth exploring.