Godrej Verano, Sector 63A: An NRI Buyer’s Guide to FEMA Rules, Payments and Documentation (September 2026)

Last updated: 23 September 2026. Godrej Verano’s HARERA registration — number GGM/1081/813/2026/53, independently verified on the official HARERA portal — clears the legal path for Godrej Properties to eventually sell units, and NRI interest in Golf Course Extension Road launches tends to rise whenever a registration lands. For NRI buyers specifically, the more immediate questions aren’t about the project — they’re about FEMA. This guide covers what actually applies, separate from what a channel partner tells an NRI caller. Start with our fact-checked introduction to Godrej Verano if you’re new to the project.

Can NRIs Buy at Godrej Verano at All?

Yes, without any RBI approval. Under FEMA, NRIs and OCI cardholders have general permission to purchase any number of residential properties in India — the restriction only applies to agricultural land, plantation property and farmhouses, none of which describes a high-rise apartment project like Verano. That general permission is unaffected by Verano’s HARERA status; the registration is a separate, project-level requirement under RERA, not an NRI eligibility question.

How Payment Actually Has to Flow

FEMA requires payment through specific banking channels — cash, cryptocurrency and hawala-style transfers are not legal routes for any part of the transaction, regardless of what a channel partner suggests:

• NRE account — funded by foreign earnings; enables full repatriation of the eventual resale proceeds
• NRO account — funded by Indian-sourced income; resale repatriation capped at USD 1 million per financial year
• FCNR(B) account — foreign-currency deposits, treated like NRE for repatriation purposes
• Direct inward remittance — a transfer from an overseas bank account through normal banking channels

Godrej Verano has no published price list or payment plan as of this update — see our price history tracker for what’s actually been disclosed so far — so exact payment amounts and schedules remain to be verified once the developer publishes them. The account-and-channel rules above apply regardless of the eventual figures.

TDS: What an NRI Buyer Deducts When Paying Godrej Properties

This is a point that trips up NRI buyers because the higher TDS rates associated with NRI transactions apply when an NRI is the seller, not the buyer. Godrej Properties is a resident Indian company, so a purchase directly from the developer at launch falls under Section 194-IA: the buyer deducts 1% TDS on payments to a resident seller where the property value exceeds ₹50 lakh, filed via Form 26QB. A Budget 2026 update tightened the filing window — Form 26QB must be filed within 30 days, with a ₹200/day penalty for late filing, including in cases routed through a Power of Attorney. This 1% rate is separate from — and much lower than — the TDS an NRI buyer would need to deduct if instead purchasing a resale unit from an NRI seller, which follows a different, higher-rate regime under Section 195. That scenario doesn’t apply to a fresh purchase from Godrej directly.

Documentation an NRI Buyer Should Have Ready

• A valid passport and PAN card (mandatory for any property transaction in India)
• OCI or PIO card, where applicable
• Overseas and Indian address proof
• Bank statements or a CA certificate establishing the source of funds, particularly for NRE/FCNR-funded purchases
• A registered, notarised and (where executed abroad) apostilled Power of Attorney, if someone else will sign on the buyer’s behalf in India

Our general Godrej Verano buyer’s due-diligence checklist covers the RERA-side documents — registration certificate, sanctioned plans, agreement for sale — that apply to every buyer, NRI or resident, once the project reaches that stage.

Using a Power of Attorney When You Can’t Be Present

Many NRI buyers execute a General or Special Power of Attorney (GPA/SPA) rather than flying in for every step. For it to hold up, it needs to be properly notarised, apostilled (or consularised, depending on the country) and registered in India. An unregistered or improperly attested POA is one of the more common points of failure in NRI property transactions — it’s worth having this reviewed by an Indian property lawyer before it’s relied on for a signature of consequence.

Repatriation: Getting the Money Back Out Later

If and when an NRI buyer resells a Godrej Verano unit, repatriation rules depend on how the original purchase was funded:

• NRE or FCNR-funded purchase: the full sale proceeds can be repatriated, subject to a lifetime cap of two residential properties for which full repatriation is permitted.
• NRO-funded purchase: repatriation is capped at USD 1 million per financial year.

Either route requires Forms 15CA and 15CB, TDS certificates, the sale deed and a CA certificate confirming the original source of funds — documentation worth assembling as the purchase happens, not years later when it’s needed for an exit.

Home Loans: What NRIs Should Expect

NRI home loans are available from most major Indian banks and NBFCs, generally with loan-to-value limits and documentation requirements broadly similar to resident buyers, though individual banks vary on interest-rate loading, maximum tenure and whether a resident co-applicant or POA holder in India is required. Current rates and LTV terms differ enough by lender that they’re worth confirming directly with two or three banks rather than relying on a single quoted figure — we’re not citing a specific rate here because it needs verifying against a live lender rate card, not a marketing page.

What’s Different Because Godrej Verano Isn’t Priced Yet

None of the FEMA, TDS or repatriation mechanics above are project-specific — they’d apply to any NRI purchase in Haryana. What’s specific to Verano right now is that there’s nothing to transact against yet: no price list, no floor plans, no payment plan. Our pros and cons assessment and risk analysis both cover this pre-price stage in more depth — the same caution applies whether the buyer is resident or NRI.

A Practical Checklist for NRI Buyers at This Stage

Frequently Asked Questions

Can NRIs buy Godrej Verano without RBI approval?

Yes. FEMA gives NRIs and OCI cardholders general permission to buy residential property in India, including apartments like Godrej Verano, without seeking specific RBI approval. Only agricultural land, plantation property and farmhouses are restricted.

What documents does an NRI need to book a unit at Godrej Verano?

A valid passport, PAN card, OCI/PIO card where applicable, address proof, and a registered, notarised and apostilled Power of Attorney if signing remotely — on top of the standard RERA-side documents every buyer should request once the project reaches booking stage.

Can an NRI use a Power of Attorney to complete the purchase remotely?

Yes, provided the POA is properly notarised, apostilled or consularised depending on the country of execution, and registered in India. An improperly attested POA is a common failure point and is worth having reviewed by an Indian property lawyer.

How much TDS does an NRI buyer deduct when paying Godrej Properties?

1%, under Section 194-IA, since Godrej Properties is a resident Indian company and the purchase value would exceed ₹50 lakh. This is filed via Form 26QB within 30 days. It’s a lower rate than what applies when buying resale from an NRI seller, which is a different scenario.

Can an NRI repatriate the full resale value later?

If the original purchase was funded through an NRE or FCNR account, yes — subject to a lifetime cap of two residential properties for full repatriation. If funded through an NRO account, repatriation is capped at USD 1 million per financial year.

Is Godrej Verano HARERA registered?

Yes, as of this update. Registration number GGM/1081/813/2026/53, dated 11 August 2026, independently verified on haryanarera.gov.in on 23 September 2026. This confirms the project’s legal right to be marketed and sold; it does not confirm pricing, which the developer has not published.

Talk to Gurgaon Floors

If you’re an NRI evaluating Godrej Verano or another Golf Course Extension Road launch, get in touch with our team — we’ll walk through the paperwork and the FEMA mechanics specific to your situation before you commit anything.

Sources

• Foreign Exchange Management Act (FEMA) and RBI Master Directions on NRI property transactions
• Income Tax Act, 1961, Sections 194-IA and 195
• Haryana Real Estate Regulatory Authority, Gurugram, haryanarera.gov.in — checked 23 September 2026

Disclaimer: This article is for informational purposes only and is not legal, tax or financial advice. Godrej Verano is HARERA registered under GGM/1081/813/2026/53 as independently verified on 23 September 2026; pricing and payment plans have not been officially published by the developer and remain to be verified. FEMA, TDS and repatriation rules summarised here are general guidance — confirm current rates and requirements with a qualified CA or property lawyer before acting.