NRE / NRO Account
Bank accounts NRIs use to hold and route funds in India; property payments must flow through such banking channels, not foreign cash.
NRE and NRO accounts are the bank accounts that non-resident Indians use to hold and route money in India. An NRE account typically holds foreign earnings converted to rupees, while an NRO account is used for income earned within India. For property buyers, they are the compliant pipes through which funds must move.
Under FEMA, an NRI buying property in India must pay through normal banking channels such as NRE, NRO or FCNR accounts, and no foreign cash is permitted. This keeps the transaction transparent and within the exchange-control rules. Repatriating money out again is generally done through the NRO route, up to USD 1 million per financial year, subject to tax clearance.
For a Dholera buyer, the practical takeaway is that how you pay is regulated just as much as what you buy. A non-resident may only purchase a legally non-agricultural plot, and the payment for it should run through these accounts rather than informal channels. Because tax and repatriation details can be involved, confirm the mechanics with a banker or lawyer. Read the NRI Guide to Buying in Dholera, and see the FEMA entry for the governing rules.