Buying Property in Georgia for Indian Passport Holders

With its attractive property prices, low taxes, and minimal restrictions on foreign ownership, Georgia has become a popular choice for Indian nationals looking to invest in real estate abroad. Indian passport holders find the process straightforward, with a variety of property types available, ranging from city apartments in Tbilisi and Batumi to countryside villas and commercial spaces.

Why Indian Buyers are Investing in Georgian Property

1. Minimal Ownership Restrictions
   Unlike many other countries, Georgia allows foreign nationals to own property with very few restrictions. Indian passport holders can purchase residential and commercial properties without any limitations, except for agricultural land. This makes it easier for Indian investors to buy property in popular Georgian cities or regions of interest.
2. Affordable Property Prices
   Georgia offers relatively low property prices compared to Western Europe and the United States. Cities like Tbilisi and Batumi offer modern apartments and houses at prices that are attractive to Indian investors, allowing for investment options that suit a wide range of budgets. This affordability, coupled with high growth potential, makes Georgian real estate a viable investment for capital appreciation.
3. Growing Rental Market
   As tourism and expatriate communities in Georgia grow, the demand for rental properties has increased, especially in major cities. Indian investors can benefit from steady rental income by leasing their properties to tourists, expatriates, or locals. Batumi, as a coastal city, sees strong rental demand in the summer, while Tbilisi remains active year-round.
4. Favorable Tax Environment
   Georgia’s tax system is designed to attract foreign investors, with property taxes as low as 1% on the purchase price. Additionally, there is no capital gains tax on property held for more than two years. This tax structure benefits Indian buyers seeking long-term property investments in Georgia, whether for personal use, rental income, or resale.
5. Residency Opportunities Through Property Investment
   Indian passport holders who invest in Georgian real estate may qualify for a residency permit, provided their investment meets a specified value threshold. This option makes Georgia appealing for Indian investors looking for a pathway to residency in addition to real estate ownership.

Types of Properties Available for Indian Buyers

• Residential Apartments: Tbilisi and Batumi offer modern apartments with amenities, perfect for personal use or short-term rentals.
• Villas and Townhouses: For those seeking larger living spaces or vacation homes, Georgia has villas and townhouses in both urban and scenic areas.
• Commercial Real Estate: Indian investors interested in business ventures can explore commercial properties, including office spaces, retail outlets, and hospitality venues.

Step-by-Step Guide to Buying Property in Georgia

1. Property Search and Due Diligence
   Identifying the right property and conducting due diligence is crucial. This involves verifying ownership, checking property conditions, and ensuring there are no encumbrances or liens. Local expertise can be beneficial during this process to confirm that the property is in compliance with Georgian laws.
2. Legal Documentation and Contract Signing
   Once a property is chosen, the next step is to sign a preliminary agreement, followed by a sales contract. Georgia Business and Residential Law offers assistance in preparing and reviewing all legal documents, ensuring they meet Georgian requirements and are fully protective of the buyer’s interests.
3. Registration and Payment
   Property registration in Georgia is straightforward. After signing the contract, the property is registered with the Public Registry, typically within one business day. The buyer is then responsible for transferring the payment to complete the sale. Our team also offers guidance on banking and financial setup for Indian clients to facilitate seamless transactions.
4. Post-Purchase Services
   After purchase, Indian investors may require assistance with property management, including finding tenants, handling maintenance, and managing rental agreements. Georgia Business and Residential Law can connect you with reliable local services to help manage your investment effectively.

Benefits of Working with Local Experts

For Indian passport holders, navigating a foreign property market can be challenging. Georgia Business and Residential Law provides comprehensive support tailored to Indian clients, from property search and legal guidance to banking assistance and tax advisory. This ensures that all aspects of the purchase are handled professionally and in compliance with Georgian law.