NRIs and OCI cardholders in Turkmenistan can buy and sell residential and commercial property in India, other than agricultural land and farmhouses, without RBI permission. On a sale, the buyer deducts tax at non-resident rates unless a lower certificate is obtained, and proceeds can be repatriated within limits, though many clients keep them in India.
- Document route
- Turkmen notary, Ministry of Foreign Affairs legalisation, then Indian Embassy attestation
- Time difference
- IST is 30 minutes ahead of Turkmenistan all year
- Rules
- FEMA (Non-Debt Instruments) Rules 2019
- Not allowed to buy
- Agricultural land, plantation, farmhouse
Buying & Selling Property from Turkmenistan: how it works
For a purchase, we search title, check approvals and encumbrances, and complete registration through your attorney holder. For a sale, we verify title, draft the deed, handle TDS and plan where the proceeds will go.
We also advise on letting the property and the tax on rent while you are abroad.
For Turkmen spouses, we explain when co-ownership is possible.
If you are buying with a home loan, we coordinate with the lender on documents from Turkmenistan, which can take longer to obtain, so we start early.
We also advise on letting the property and the tax on rent.
What clients in Turkmenistan should know
- Use NRE or NRO accounts for payments.
- Apply for lower TDS before the sale.
- Keep purchase records for tax.
Step by step from Turkmenistan
Video consultation
A call at a time that suits Turkmenistan, after we have read your documents.
Documents signed in Turkmenistan
Turkmen notary, Ministry of Foreign Affairs legalisation, then Indian Embassy attestation
Work in India
Our team files, appears and follows up in India, and shares scans of everything filed.
Result and handover
Certified copies and originals are couriered to you in Turkmenistan where needed.
The full guide
This page covers what changes when you are in Turkmenistan. For the law, the documents and the step-by-step procedure, read our main page on Buying & Selling Property, or see all services for clients in Turkmenistan and the NRI Property Law practice area.
Questions from clients in Turkmenistan
Can I buy property in India from Ashgabat?
Yes, as an NRI.
Should I bring sale money to Turkmenistan?
Many clients keep it in India because of currency controls.
Can my Turkmen spouse co-own property?
Only with OCI status.
Can I get a home loan while in Turkmenistan?
Yes, many Indian banks lend to NRIs.