Step-by-Step Guide for NRIs to Invest in SOBHA Mountain Mist in Coimbatore

SOBHA Mountain Mist Coimbatore offers NRIs a rare opportunity to invest in a luxury plotted development at the foothills of Western Ghats – combining the freedom to build your dream home with the assurance of SOBHA’s world-class quality and legacy of 3 decades.

Navigating NRI property investment in Coimbatore from abroad may seem complex, but with structured guidance and a trusted developer, it becomes a well-informed decision. SOBHA presents an attractive opportunity for Non-resident Indians seeking long-term value through plotted development. Located in the serene neighbourhood of Vedapatti, this gated community offers the right balance of scenic views, infrastructure, and future appreciation.

With a clear, step-by-step approach, this blog serves as a helpful NRI guide to buying plots in India, especially Coimbatore. With this guide, you can understand every stage of investing in SOBHA Mountain Mist – from exploring the layout to registration formalities. Whether you are evaluating options for investment or simply wish to diversify your asset portfolio, this guide will walk you through what matters most.

Why You Should Invest in SOBHA Mountain Mist Plots

SOBHA Mountain Mist Coimbatore offers NRIs a strategic opportunity to invest in plotted development in one of the city’s most promising residential zones. Located in the western part of Coimbatore, Vedapatti is known for serenity, access to arterial roads, and proximity to infrastructure essentials. The locality connects easily to RS Puram, Ukkadam, and the proposed Western Bypass – making it suitable for those looking at future-ready plots with strong liveability.

This SOBHA plotted development Coimbatore features 88 well-planned plots in a gated community spread across 4.54 acres – which itself is a part of the expansive 132-acre Harishree Gardens. The layout includes internal roads, provision for utilities, open green spaces, and curated amenities – offering the right mix of planning and potential.

Whether you are looking to construct a future residence or invest in appreciating land, SOBHA Mountain Mist stands out as a reliable choice. For those planning to buy plots in Coimbatore for NRIs, this location offers both lifestyle comfort and long-term value.

Who is Eligible to Invest – NRI Investment Rules for Plots

Foreign Exchange Management Act (FEMA), 1999, outlines the rules for NRI investment in plots in India. Under this law, NRIs, Persons of Indian Origin (PIOs), and Overseas Citizens of India (OCIs) are legally permitted to buy residential and commercial plots across the country. However, investment in agricultural land, farmhouses, or plantation property is not allowed. This ensures that overseas property buyers remain compliant with Indian land-use policies.

To initiate a legally compliant transaction, you should maintain one of the following accounts with an authorised Indian bank:

• NRE (Non-resident External) Account: for income earned abroad, fully repatriable
• NRO (Non-resident Ordinary) Account: for income earned in India, repatriable with limits
• FCNR (Foreign Currency Non-Resident) Deposit: fixed deposit in foreign currency, fully repatriable

RBI does not require prior approval for NRIs to purchase residential plots, as long as funds are routed through these approved channels. Valid documents including passport, visa, PAN, and proof of overseas address are mandatory for KYC and registration. Those exploring SOBHA plotted development Coimbatore can align legal eligibility norms with FEMA and RERA requirements – offering a secure path to buy plots in Coimbatore for NRIs.

Step-by-Step Guide to Invest in SOBHA Mountain Mist (Plotted Development)

Investing from abroad involves more than just selecting a location – it requires clarity, compliance, and dependable support. This section serves as a comprehensive NRI guide to buying plots in India, with each step outlined for ease of execution. Whether you are starting afresh or finalising your choice, the complete process is described below.

• Step1: Explore the Project

  SOBHA Mountain Mist Coimbatore offers a unique opportunity to NRIs who are seeking to invest in a premium plotted development. Set in Vedapatti, this 4.54-acre development comprises 88 carefully planned plots, varying in size from 718 to 3139 sq ft. The community includes quiet green spaces, tree-lined roads, and walking paths – that create a relaxed living environment.

  Water and power connections are laid underground, keeping the surroundings neat and free from surface-level clutter.  The project’s location offers smooth access to key landmarks, reputed schools, hospitals, and arterial transport links – making it an ideal choice for those looking to buy plots in Coimbatore for NRIs.

  SOBHA plotted development Coimbatore is RERA-registered (TN/11/Layout/2187/2024 dated 28.05.2024), and follows a transparent and methodical approach tailored for NRI buyers. With virtual site tours, downloadable brochures, and dedicated customer relationship team, the company offers complete support at every step. For overseas investors, this level of structure offers clarity, convenience, and the assurance of dealing with a trusted name in Indian real estate.

  To know more about the project, you can visit the official webpage of SOBHA Mountain Mist. Download the brochure and detailed master plan, to explore the layout configuration, curated amenities, connectivity highlights, and detailed plot size options at your convenience. To schedule a guided walkthrough with our team, please call 08046464525.

• Step 2: Shortlist the Plot

  Once you have reviewed the project details, the next step is to select a plot that aligns with your preferences. SOBHA Mountain Mist Coimbatore offers plot sizes ranging from 718 sq ft to 3139 sq ft, catering to varied space needs. The master plan has been thoughtfully designed with internal roads and landscaping. You can select a plot based on its size, orientation, proximity to green spaces, or distance from the project entrance.

  For those interested in long-term value and future development, factors such as gradient of the land, surrounding views, and corner positioning can enhance appeal. Pricing details and availability status can be seen on the official webpage of SOBHA Mountain Mist or can be queried by calling 08046464525. This clarity simplifies the decision-making process for those planning to buy plots in Coimbatore for NRIs, especially while shortlisting remotely.

• Step 3: Appoint a Power of Attorney (PoA) if Required

  For NRIs who are unable to be physically present during the booking or registration stages, assigning a trusted person as PoA is a practical solution. PoA can legally act on your behalf for specific property-related tasks such as signing agreements, executing the sale deed, or appearing for registration.

  The document must be notarised and attested at the Indian Embassy or Consulate in the country of residence, and later adjudicated by the Sub-registrar in India. Appointing PoA is a standard practice in NRI investment in plots in India, especially when timelines or travel limitations are involved. It ensures that key milestones in the transaction process can move forward without delays.

  Lawyers specialising in real estate can provide assistance to NRIs in understanding the scope of authority, document format, and registration process – ensuring all actions taken through the PoA are legally-compliant.

• Step 4: Complete KYC and Documentation

  The next step in securing your investment at SOBHA Mountain Mist is completing the Know Your Customer (KYC) process and submitting the required documentation. This ensures identity verification and compliance with legal and financial regulations under FEMA and RERA. You will need to provide a self-attested copy of your passport, valid visa page, PAN card, and overseas address proof. If applicable, an OCI or PIO card should also be submitted as part of the verification.

  All documents must reflect the name and address that will appear on the sale deed, and can be submitted digitally or through an authorised representative. The team of SOBHA plotted development Coimbatore helps with accurate documentation and timely updates, so that your investment remains compliant and smoothly executed.

• Step 5: Open NRE / NRO Account

  Before initiating the payment process, it is essential to open an NRE (Non-resident External) or NRO (Non-resident Ordinary) account with an RBI-authorised Indian bank. These accounts allow NRIs to legally route funds for property transactions in India.

  An NRE account is ideal for transferring foreign earnings and offers full repatriation of both principal and interest, while an NRO account is used for income earned in India and allows partial repatriation, subject to current tax regulations.

  Funds for booking, registration, and subsequent payments must be transferred through these accounts to comply with FEMA norms. To ensure your transaction is smooth, SOBHA’s teams can assist in confirming account type, documentation required by the bank, and fund remittance procedures.

• Step 6: Arrange Funds & Make the Booking

  Once your bank account is set up and documentation verified, the next step is to arrange funds and initiate the booking. The process begins with a token advance / booking amount, followed by the structured payment plan. Upon successful remittance of the booking amount, an official receipt is issued and the selected plot is blocked in your name ensuring clarity and confidence before the agreement stage.

  In accordance with RBI and FEMA guidelines, payments should be routed through your NRE, NRO, or FCNR accounts, or via inward remittance through normal banking channels. All financial transactions related to NRI investment in plots in India should be transparent and traceable. SOBHA’s team provides a clear payment schedule, along with account details for wire transfers or cheque deposits.

• Step 7: Plot Agreement & Sale Deed

  Once the booking is confirmed, the next step involves signing a formal agreement with the developer. SOBHA prepares a detailed Sale Agreement outlining plot specifications, payment terms, possession timelines, and obligations of both parties. This agreement should be signed by the NRI buyer or their authorised Power of Attorney (PoA).

  It is advisable to review the draft through a legal advisor to ensure all terms are in line with your expectations and municipal property laws. Drafting and executing a clear contract is a key part of any NRI guide to buying plots in India. Once the agreement conditions are met and payments made as per the schedule, the final Sale Deed is prepared for registration.

• Step 8: Registration of the Plot

  This is a legal process that confirms your ownership of the selected plot at SOBHA Mountain Mist Coimbatore. The registration must be done at the jurisdictional Sub-registrar’s Office in Tamil Nadu, following the execution of the Sale Deed. As part of the SOBHA plotted development Coimbatore offering, this document legally transfers ownership to your name.

  All applicable stamp duty and registration charges must be paid to the government, before the deed is formally recorded. Stamp duty and registration charges are calculated based on the guideline value or the sale value, whichever is higher. Stamp duty in Tamil Nadu is 7%, and registration fee is 4% of the property value.

  For those who cannot be physically present, registration can be completed using a registered Power of Attorney. This provision ensures that the process remains compliant with Tamil Nadu’s regulations, even when managed remotely. As part of the process to buy plots in Coimbatore for NRIs, SOBHA may provide assistance such as pre-registration checks and timeline updates, to help with the registration.

• Step 9: Plot Handover & Documentation

  Once registration is complete, SOBHA initiates the formal handover process. The team shares a detailed possession timeline, which includes final site inspection and issuance of key documents such as Possession Letter and plot demarcation plan. At SOBHA, every plot is handed over with clearly marked boundaries, ensuring clarity for future construction or resale.

  The final set of documents – including the registered Sale Deed, Encumbrance Certificate, and tax receipts – are provided for your records. This marks the completion of the process and ensures that you hold legal, physical, and documented possession of the asset. SOBHA’s team remains available to guide you through document verification and provide post-handover support if needed.

Taxation & Financial Considerations for NRIs

When it comes to NRI investment in plots in India, understanding the tax implications is crucial. At the time of property purchase, TDS (tax deducted at source) of 1% is applicable if the transaction value exceeds ₹50 lakhs. However, if the seller is an NRI, the TDS rate increases: 20% for long-term capital gains (property held for more than 2 years) and 30% for short-term capital gains (held for less than 2 years), subject to surcharge and cess.

Regarding repatriation, NRIs can remit up to USD 1 million per financial year from their NRO accounts, including proceeds from property sales. This repatriation is conditional upon payment of applicable taxes and submission of necessary documents such as Form 15CA and a CA-certified Form 15CB.

Buyers considering SOBHA plotted development Coimbatore should consult an experienced tax advisor, to ensure proper financial planning and adherence to both Indian & international tax laws. For those planning to buy plots in Coimbatore for NRIs, this guidance is critical to protecting returns and ensuring legal compliance.

Conclusion

Investing in SOBHA Mountain Mist Coimbatore offers NRIs a clear path to land ownership in one of the most promising residential corridors in South India. From legal eligibility under FEMA to structured booking and registration processes, each step in this NRI guide to buying plots in India enables transparency and confidence.

With professionally planned layout, dedicated customer care, and long-term asset potential, this project aligns well with the goals of global Indians looking to create a rooted yet flexible real estate portfolio. To book your guided walkthrough or know plot availability & pricing, visit the official webpage of SOBHA Mountain Mist or call 08046464525. Take the next step towards owning your dream plot in Coimbatore – in a development that has the right balance of location, infrastructure, and legal safety.

FAQs

1. Can NRIs legally buy residential plots in India?

Yes, NRIs can legally buy residential plots in India under FEMA, but cannot purchase agricultural land, plantations, or farmhouses.

2. Is RBI approval required for NRI plot investments?

No, RBI approval is not required for NRI plot investments, if the transactions are carried out through NRE / NRO / FCNR accounts as per FEMA guidelines.

3. What documents do NRIs need to purchase a plot in India?

Documents that NRIs need to purchase a plot in India are self-attested copy of their passport, valid visa page, PAN card, overseas address proof, and OCI / PIO card (if applicable).

4. Can NRIs buy a plot in India without visiting the country?

NRIs can buy a plot in India without visiting the country, by appointing a registered Power of Attorney (PoA) to handle plot booking, agreement signing, and registration on their behalf.

5. How can NRIs appoint Power of Attorney from abroad?

NRIs can appoint Power of Attorney from abroad, by notarising the PoA at the Indian Embassy or Consulate in their country of residence and getting it adjudicated in India.

6. Are NRIs eligible for loans to purchase plots in India?

Yes, NRIs are eligible for loans to purchase plots in India, from select banks, subject to terms.

7. What are the accepted payment methods for NRI investors?

The accepted payment methods for NRI investors are through NRE, NRO, or FCNR accounts, or via inward remittance through authorised banking channels.

8. What are the tax implications for NRIs buying land in India?

The tax implications for NRIs buying land in India include 1% TDS for purchases above ₹50 lakhs, capital gains tax on sale, and repatriation up to USD 1 million per year.

9. Can NRIs sell the plot later and repatriate the funds abroad?

NRIs can sell the plot later and repatriate the funds abroad, after paying applicable taxes and submitting Form 15CA and Form 15CB – as per NRI guide to buying plots in India.

10. Why is SOBHA Mountain Mist a good choice for NRI investment?

SOBHA Mountain Mist is a good choice for NRI investment in plots in India, especially Coimbatore, as the project offers legally compliant, RERA-approved plots with strong infrastructure, ideal location, and long-term investment value.