News that matter for NRI property owners
Timely, sourced updates for NRIs who own property in India: the RBI and FEMA circulars, tax and TDS changes, court rulings, and state property news that actually touch your flat, and what each one does and does not change. We report the news; we do not give legal or tax advice.
- Bengaluru's B-Khata Conversion Fee Goes Back to 5% on 24 August — 16 Jul 2026. Karnataka cut the B-Khata to A-Khata conversion fee from 5% of guidance value to 2%. The window shuts on 23 August 2026, then the rate goes back to 5%.
- India Sold 1.71 Lakh Homes in H1 2026 and Prices Rose Anyway — 16 Jul 2026. Knight Frank's H1 2026 report: sales across eight cities rose 1% to 171,471 homes while prices climbed 5% to 9%. What a rising average hides from an owner.
- Your Co-Heirs Get First Refusal Before You Sell an Inherited Share — 16 Jul 2026. On 14 July 2026 the Supreme Court held Section 22 of the Hindu Succession Act covers inherited agricultural land too. Co-heirs get first refusal on a sale.
- The FEMA Non-Debt Rules Changed in June 2026: Here Is What It Does Not Touch — 9 Jul 2026. India gazetted the FEMA Non-Debt Instruments Third Amendment on 12 June 2026, widening who can invest in listed equity. It does not change NRI property rules. What did change.
- Maharashtra Holds Ready Reckoner Rates Flat for 2026-27: No Hike for Mumbai or Pune — 9 Jul 2026. Maharashtra held Ready Reckoner rates flat for FY 2026-27, so the stamp duty and capital-gains base in Mumbai and Pune does not rise this year. What it means for NRIs.
- One Heir Cannot Sell the Whole Inherited Flat: the Supreme Court Draws the Line — 9 Jul 2026. In Darubai v. Kamalabai (June 2026) the Supreme Court held that heirs of a Hindu who dies without a will hold fixed separate shares. No one heir can sell the whole.
- NRI Income-Tax Filing for 2025-26: ITR-2, 31 July 2026, and What Actually Changed — 2 Jul 2026. NRI property owners file ITR-2 by 31 July 2026. The new unrealised-rent relief is for residents, not you. What actually changed, plus the revised-return window.
- RBI Doubles the NRI Equity Investment Limit to 10% From 5 June 2026 — 2 Jul 2026. On 5 June 2026 the RBI doubled the NRI/OCI single-company equity limit to 10% and raised the aggregate cap to 24%. What changes, and what it leaves alone for property owners.
- RBI Holds the Repo Rate at 5.25%: What It Means for NRI Home-Loan Borrowers — 2 Jul 2026. The RBI held the repo rate at 5.25% on 5 June 2026, a fourth straight pause. What steady rates mean for NRIs paying a floating-rate home loan on India property.
- Assessment Year Is Gone: the Income-tax Act 2025 Is Now Live — 25 Jun 2026. From 1 April 2026 the Income-tax Act 2025 is live. Assessment Year becomes Tax Year and the TDS sections an NRI property seller cites are renumbered, at the same rate.
- TCS on Money Sent Abroad Drops to 2% From 1 April 2026 — 25 Jun 2026. From 1 April 2026, TCS on LRS education and medical remittances falls 5% to 2%. What changed under Finance Act 2026, and why NRI property repatriation runs on a separate track.
- New Forms for Sending Money Abroad: 145 and 146 Replace 15CA and 15CB — 25 Jun 2026. From 1 April 2026, Form 145 and Form 146 replace Form 15CA/15CB for NRO remittances abroad. What an NRI selling property and repatriating proceeds must now file.
- Buying From an NRI Gets Simpler: No TAN Needed From 1 October 2026 — 18 Jun 2026. From 1 October 2026 a resident buyer purchasing property from an NRI no longer needs a TAN; PAN is enough. Until then TAN stays mandatory. What the switch means for NRI sellers.
- Your NRI Property Tax Forms Were Renumbered: Form 128 and Form 144 in 2026 — 18 Jun 2026. Under the Income-tax Act 2025, the NRI property forms are renumbered: Form 13 becomes Form 128 (lower-TDS certificate) and Form 27Q becomes Form 144. What changed and what didn't.