NRI Corner | Godrej Global Business City, Greater Noida

The Address & The Vision

Buying from Abroad

Godrej Global Business City is Godrej Properties' newest addition to its Greater Noida portfolio, a residential and business-centre development on a 23.2-acre parcel inside the DMIC Integrated Township. For an NRI buyer, that developer identity carries a specific kind of reassurance: Godrej Properties is listed on both the BSE and NSE, and its disclosure discipline, escrow-linked collections and periodic project reporting are the same mechanisms that let an investor sitting in Dubai, London, or Singapore evaluate a purchase without being physically present at every stage.

FEMA is the starting point for that evaluation. Under current regulations, NRIs and OCIs can acquire residential and commercial property in India, including a unit at Godrej Global Business City, without RBI approval and without a cap on the number of properties held, the sole restriction being on agricultural land and farmhouses, categories that do not apply to this development. Funding is expected to move through an NRE account, which allows both principal and interest to be freely repatriated, or through an NRO account for India-sourced income, with FCNR term deposits offering a further route for buyers holding savings in foreign currency.

Remote execution is the second concern for most overseas buyers, and it is addressed through a registered Power of Attorney. A PoA executed before an Indian consulate or notarised abroad and then adjudicated in India allows a trusted representative, whether family or a professional, to sign the booking form, the agreement for sale, and eventually the registration paperwork, while the buyer manages funding and approvals from overseas.

The timing of this decision sits against a broader pattern: Godrej Properties has recorded two recent Greater Noida launches in FY26, each generating sales bookings of close to Rs 1,500 crore, a signal of sustained homebuyer demand in the very corridor where this project is positioned. For an NRI weighing a long-cycle asset, that combination of a recognised developer, a planned industrial township address, and a functioning FEMA and banking framework reduces much of the friction typically associated with buying property from abroad.

Details on TDS rates, repatriation limits and account structuring will vary by individual circumstance, but the underlying regulatory path for a purchase at Godrej Global Business City remains straightforward, built on NRE or NRO funding, a registered Power of Attorney where needed, and repatriation through standard RBI-permitted channels once the time comes to sell.

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About the Developer

Godrej Properties Limited

Godrej Properties was established in 1990 as the real estate development arm of the Godrej Group, a conglomerate founded in 1897 by Ardeshir Godrej. The company signed its first project, Godrej Edenwoods in Thane, in 1991, and delivered its first residential building, Cypress, within that project in 1994. Headquartered in Mumbai, Godrej Properties listed on the Bombay Stock Exchange and National Stock Exchange in 2010 through an initial public offering that raised approximately USD 100 million. The company is currently led by Executive Chairperson Pirojsha Godrej and Managing Director and CEO Gaurav Pandey, and it reported record pre-sales of Rs 29,444 crore in FY25 across a presence spanning 12 Indian cities.

The company follows an asset-light development model, prioritizing disciplined land acquisition over direct land ownership to keep project pricing competitive and locations strategic. This approach has supported a scale-up from roughly Rs 80 billion in sales bookings during FY17-22 to record annual figures in the years since, while every project launched since 2010 has been committed to green building certification through IGBC or LEED. In 2025, the company received TUV India's Water Positive Certification and Net Zero Waste Platinum status across multiple projects, alongside ISAE 3000 assurance on its sustainability reporting.

The portfolio spans residential, commercial, retail, and IT park developments, including large-format townships such as the 250-acre Godrej Garden City in Ahmedabad and the 62-acre Godrej MSR City near Bengaluru's Kempegowda International Airport. Beyond its founding market of the Mumbai Metropolitan Region, the company has built out a presence across Pune, Bengaluru, Hyderabad, Chennai, Kolkata, the National Capital Region, Ahmedabad, Chandigarh, Kochi, Mangaluru, and Goa. Company disclosures indicate roughly 41 million square feet delivered since FY18 against a saleable area base of around 215 million square feet under development or in the pipeline.

Godrej Properties operates as part of the listed Godrej Industries Group following a 2024 family business realignment, remaining under the stewardship of the Godrej family that has guided the parent group since 1897. Its brand communication, including the Everyday Joys campaign and the WhereTrustResides initiative launched in 2024, centers on continuity and reliability as the basis of the homebuyer relationship. Corporate governance sits alongside a public reporting history as a listed entity on both the BSE and NSE, with the Godrej Group's near-130-year operating record positioned as the backdrop to the real estate business built over the past three-and-a-half decades.

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Frequently Asked Questions

Can an NRI or OCI buy a home at Godrej Global Business City in Greater Noida without RBI approval?+

Yes. Under FEMA, NRIs and OCIs can purchase residential and commercial property in India, including at Godrej Global Business City, without seeking prior RBI approval or facing a cap on the number of units, provided the purchase route follows standard banking channels.

What accounts can I use to fund my purchase at Godrej Global Business City, DMIC Integrated Township?+

Payments can be routed through an NRE account for funds remitted from abroad, an NRO account for India-sourced income, or an FCNR deposit converted to INR at the time of payment; agricultural land funding restrictions do not apply since this is a residential and business-centre development.

Can I complete the booking for Godrej Global Business City remotely using a Power of Attorney?+

Yes. A registered Power of Attorney, executed and notarised or apostilled at the Indian consulate in your country of residence, allows a representative in India to sign booking, agreement and registration documents at Godrej Global Business City on your behalf.

Is Godrej Global Business City RERA registered?+

The project is currently at the planning stage following Godrej Properties' land acquisition inside the DMIC Integrated Township, and RERA registration details will be released as it advances toward formal launch.

How will TDS apply if I sell my unit at Godrej Global Business City in the future?+

When an NRI seller transfers a property, the buyer is required to deduct TDS on the sale value, with the applicable rate depending on the holding period and whether a lower-deduction certificate under Section 197 has been obtained beforehand.

How much can I repatriate abroad after selling a unit at Godrej Global Business City, Greater Noida?+

Sale proceeds are first credited to an NRO account, from which up to USD 1 million per financial year can be repatriated through Form 15CA and a CA-certified Form 15CB, net of applicable taxes.

GODREJ GLOBAL BUSINESS CITY