Sell your Goa property| Expert guide for NRIs 2025
Goa’s real estate market continues to draw global interest, offering NRIs a lucrative yet sometimes complex opportunity when it comes to selling property. Whether you’re looking to capitalize on rising property values, manage inherited assets, or shift investments, Goa’s vibrant buyer demand and dynamic market make it an ideal place to unlock the value of your real estate. However, the process involves careful planning—from navigating legal documentation and understanding tax implications like TDS rules, to ensuring smooth repatriation of funds and finding the right buyer. This guide covers every step of the NRI property sale journey in Goa, and explains how BuildersAndBrokers can provide expert support to make your sale seamless and stress-free.
Properties for Sale
Sales
active
3bhk villa for sale in Navelim
Rs 1,30,00,000 negotiable
Spacious 3bhk villa for sale in Navelim plot Area - 162 Sq M Builtup Area - 146 Sq M Locat ...
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2bhk apartment for sale at fatorda .
Rs 58,00,000 Asking price
2bhk apartment for sale at fatorda in Roofamaker residency. 4th floor with lift( top floor ...
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2bhk apartment for sale at Colva
Rs 50,00,000 Asking price
2bhk apartment for sale at Colva, on main colva- Margao Highway, 6-7 years old complex, op ...
Sales
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2bhk apartment for sale in Navelim
Rs 59,00,000 non negotiating
2bhk apartment for sale in Navelim 104sqm BUILTUP AREA 3rd floor with lift and parking Wes ...
Sales
active
2475 sqmtrs plot with sanad for sale at...
Rs 32,000 per sqm
2475 sqmtrs settlement plot with sanad for sale at colva, behind colva church. Fully compo ...
Rentals
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Procedure for NRI to Sell Property in Goa
The process of NRI selling property in Goa begins with verifying ownership and ensuring all documentation is in order. This includes the title deed, PAN card, encumbrance certificate, passport, visa, OCI/PIO card, property tax receipts, and a No Objection Certificate from the local authority or society. If you are not in India, a Power of Attorney—properly registered and attested—can represent you, though recent regulations require stricter verification to prevent fraud.
Once your paperwork is ready, the next step is to get a professional property valuation. This helps set a realistic market price and can speed up negotiations. With a valuation in hand, you can list your property and start identifying genuine buyers. Working with a trusted partner like BuildersAndBrokers ensures you connect with serious, vetted buyers, reducing the risk of delays or disputes.
NRI Selling Property in India TDS: What You Must Know
One of the most important aspects of NRI selling property in Goa is understanding the TDS (Tax Deducted at Source) requirements. For properties held for more than two years (long-term), TDS is typically 20% on capital gains, plus surcharge and cess. However, recent updates may reduce this to 12.5% without indexation in some cases. If the property is held for less than two years (short-term), TDS is 30% on the gains.
The buyer is responsible for deducting TDS and depositing it with the Income Tax Department. As the seller, you should receive Form 16A as proof of this deduction. To avoid unnecessary tax deductions, NRIs can apply for a Lower TDS Certificate, ensuring that tax is withheld only on the capital gains and not on the entire sale value. For a detailed explanation of TDS applicability for NRIs, you can refer to this https://cleartax.in/s/section-195
Why Buy Plots for Sale in North Goa?
Eligible Transactions
NRIs can sell residential and commercial properties to Indian residents, other NRIs, or PIOs.
Restricted Properties
Selling agricultural land, plantation property, or farmhouses is generally not permitted unless the property was inherited. Such properties can only be sold to Indian citizens permanently residing in India.
FEMA and RBI Compliance:
All property sale transactions and fund repatriations must comply with FEMA and RBI guidelines.
Payment Channels:
Payments for property sales must be routed through normal banking channels and credited to NRE/NRO/FCNR accounts. Cash transactions are not permitted.
Clear Documentation:
Maintaining clear, complete, and accurate documentation for ownership, sale, and tax compliance is essential to avoid disputes or penalties.
Number of Properties:
Repatriation of sale proceeds is restricted to up to two residential properties for NRIs/PIOs, with no such restriction for commercial properties.
NRI’s Quick Checklist to Selling Property in Goa:
- Verify ownership and gather all necessary documents
- Obtain a professional property valuation
- Appoint a reliable Power of Attorney if you are overseas
- Find a genuine buyer through trusted channels
- Draft and register the sale deed
- Ensure TDS compliance and collect Form 16A
- Plan for repatriation of funds
- Work with a reputable real estate partner for full support
Why NRIs Get in Touch with Builders And Brokers When Selling Property in Goa
One of the most important aspects of NRI selling property in Goa is understanding the TDS (Tax Deducted at Source) requirements. For properties held for more than two years (long-term), TDS is typically 20% on capital gains, plus surcharge and cess. However, recent updates may reduce this to 12.5% without indexation in some cases. If the property is held for less than two years (short-term), TDS is 30% on the gains.
The buyer is responsible for deducting TDS and depositing it with the Income Tax Department. As the seller, you should receive Form 16A as proof of this deduction. To avoid unnecessary tax deductions, NRIs can apply for a Lower TDS Certificate, ensuring that tax is withheld only on the capital gains and not on the entire sale value. For a detailed explanation of TDS applicability for NRIs, you can refer to this https://cleartax.in/s/section-195
If you are an NRI planning to sell your property in Goa and need expert assistance, we are here to help. Our dedicated team understands the unique challenges NRIs face and offers personalized support to make your property sale smooth, secure, and profitable.
You can reach out to us through multiple convenient channels:
- Phone: Speak directly with our property experts to get immediate answers to your questions.
- Email: Send us your queries or documents, and we will respond promptly with detailed guidance.
- Online Contact Form: Fill out our simple form with your details and requirements, and one of our specialists will get back to you quickly.
Check Out Our Other Services
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Design & Construction Services
Our in-house design and construction services, led by skilled architects, interior designers, and civil engineers, are personally overseen by qualified founders, ensuring quality and timely completion.
Property Paperwork and Liasoning
We take care of all legalities and documentation, including property registration, title verification, and liaison with authorities. Our meticulous approach ensures a smooth and stress-free process.
Frequently Asked Questions (FAQ)
