Buying a Mizu & Ki villament from abroad: an NRI checklist

NRIs can buy a Mizu & Ki villament from abroad without flying in. No RBI permission is needed for a home. You check the RERA registration online, pay in rupees by remittance or from your NRE, NRO or FCNR account, deduct 1% TDS on each payment, see the site on a live video call, and have a family member register the home under a power of attorney. The project is also about 35 minutes from the airport, which matters when you are the one flying in.

For buyers who live abroad, Mizu & Ki has two things going for it that are easy to miss: it is on the airport side of the city, and it is a community of only 188 homes, closer to an independent house than a tower. Here is how NRI buyers book one.

1. Verify the Mizu & Ki RERA registration

Mizu & Ki is registered with Karnataka RERA as PRM/KA/RERA/1251/446/PR/070826/008862. Open it on rera.karnataka.gov.in and read the completion date, the approved plans and the progress updates. Assetz schedules possession in 2030; the date on the registration is the one that binds. Our note on the Mizu & Ki possession date and RERA number explains what to look for.

2. The airport matters more than you think

If you visit twice a year, or your parents live here and you fly in often, the drive from the airport is part of the value. The developer's stated times:

These are off peak figures. Ask a relative to drive the airport run once at the time your flights usually land.

3. What it costs, and the cash you need

Mizu & Ki starts from ₹2.85 Cr* for a 4 BHK villament, with a stated base rate of ₹12,500 per sq.ft. plus charges. The price of a specific home depends on its layout and position, so ask for the unit wise sheet. Our guide to the Mizu & Ki price and what the "++" adds explains each line.

As a guide at the starting figure: a home loan above ₹75 lakh is capped at 75% of the value, so you would put in about ₹71 lakh of your own and borrow about ₹2.14 Cr. At 8.5% over 20 years, that is an EMI of roughly ₹1.85 lakh a month. Stamp duty and registration, about 6.6% in Karnataka or roughly ₹18.8 lakh, are paid on registration day and are usually not covered by the loan.

4. Pay the right way

Pay in rupees through banking channels: a remittance from abroad, or your NRE, NRO or FCNR(B) account. Keep every remittance advice for repatriation later. For a property of ₹50 lakh or more the buyer deducts 1% TDS from each payment, so you will need a PAN. It is not an extra cost: 99% goes to the developer and 1% to the tax department.

5. Why a villament can suit an owner abroad

Each block holds just four homes, built ground plus four, and the whole community is 188 homes on about 8 acres with a clubhouse of about 18,000 sq.ft. You get the space of a house without running a standalone property from another country: the common areas, clubhouse and landscaping are managed for everyone. Ask who looks after the private garden on a Type 01 home while you are away. The Type 01 garden and Type 02 terrace layouts are compared room by room in our floor plan guide.

6. See it on video, register by power of attorney

We walk the site, the cluster layout and the clubhouse with you on a live video call, in your time zone. When it is time to register, a family member can sign under a power of attorney attested at the Indian embassy or consulate where you live and then stamped in Karnataka. Ask for the developer's format before you draft one.

What to check before you remit a booking amount

• The registered completion date on RERA, and a screenshot of it.
• The unit wise price sheet for the exact home, with every charge shown.
• Which account the money comes from, so it stays repatriable.
• That your PAN is active for TDS.
• Whether your cluster has a lift, if older parents will live there.

For the full rules, from what NRIs can buy to repatriation limits, see the NRI guide to buying property in Bengaluru. When you are ready, tell us your time zone and book a video site visit.

General information, not tax or legal advice. Rules change; confirm the current position with your bank and a chartered accountant before you remit.