You can buy Mizumi Reserve from abroad without flying in. As an NRI or OCI cardholder you need no RBI permission to buy a flat. You 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 let a family member register the flat for you under a power of attorney. Expect about ₹50.5 lakh to leave your account in the first month on the ₹2.57 Cr 3 BHK.
Many of the people booking Mizumi Reserve are not in Bengaluru. They are buying from the Gulf, the US or the UK, often for parents in South Bengaluru or for their own return. Here is the Mizumi specific checklist we walk NRI buyers through.
1. Verify Mizumi Reserve on RERA yourself
Mizumi Reserve is registered with Karnataka RERA as PRM/KA/RERA/1251/310/PR/040226/008450, and a second registration, PRM/KA/RERA/1251/308/PR/130526/008650, appears on the developer's own site. Open them on rera.karnataka.gov.in from anywhere and read the completion date, the approved plans and the progress updates. Check that the tower you are offered sits under the number you looked up. Our note on the Mizumi Reserve possession date and RERA numbers explains what each one covers.
2. Know what the first month costs
The payment plan is 10% on booking, 10% on the agreement within 30 days, 65% linked to construction, then 5% each at flooring, painting and possession. On the 1,901 sq.ft. 3 BHK at ₹2.57 Cr all in, the first month looks like this:
| When | What | Roughly |
|---|---|---|
| Booking day | Initial booking amount | ₹5 lakh |
| Within 10 days | Balance of the 10% booking | ₹20 lakh |
| Within 30 days | 10% on the agreement to sale | ₹25 lakh |
| First month | Total | About ₹50.5 lakh |
If you are remitting from abroad, start the transfer early: a ten day window is short when two banks and a weekend are involved. The full schedule, stage by stage, is in our guide to the Mizumi Reserve payment plan and home loan.
3. Pay the right way
Payments must be in rupees through banking channels: a remittance from abroad or your NRE, NRO or FCNR(B) account. Keep every remittance advice; it is what lets you repatriate the money if you sell. Buyers of a property of ₹50 lakh or more also deduct 1% TDS from each payment, so you will need a PAN. On a ₹25 lakh instalment that means ₹24.75 lakh to the developer and ₹25,000 to the tax department. It is not an extra cost, just a split payment.
4. Plan the loan and the cash
Most Indian banks lend to NRIs, with EMIs paid from an NRE or NRO account. For a home above ₹75 lakh the loan is capped at 75% of the value, so plan on a 25% contribution of your own. Stamp duty and registration, about 6.6% in Karnataka or roughly ₹16.9 lakh on the 3 BHK, are paid on registration day and usually not covered by the loan. Start the loan application alongside your shortlist, because approval from abroad is slower.
5. See it without flying in
We do a live video walkthrough of the site, the sample flat, the lake edge and the approach from Hosa Road, at a time that suits your time zone. The Yellow Line metro stations at Kudlu Gate and Hosa Road are about a kilometre away, which is worth seeing on the walk. Our guide to Kudlu Gate metro station shows what that link means for getting around.
6. Register through a power of attorney
Registration can be done by a family member 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 power of attorney format before you draft it, so you only visit the consulate once.
What to check before you remit the booking amount
- The RERA number covers your tower, and the registered completion date. The developer's schedule says 2030.
- This week's cost sheet for the exact unit, not the starting figure.
- Which account the money comes from, so it stays repatriable.
- Your PAN is active, so TDS can be filed in your name.
- Who in India will hold the power of attorney, and that they can reach the Sub-Registrar's office in Bengaluru on the day.
The broader rules, from what NRIs can buy to repatriation limits, are in the NRI guide to buying property in Bengaluru. When you are ready, tell us your time zone and ask for a video site visit, and we will send the current cost sheet on WhatsApp first.
General information, not tax or legal advice. Rules change; confirm the current position with your bank and a chartered accountant before you remit.
Kudlu Gate metro station: how close is it to Mizumi Reserve?
Mizumi Reserve payment plan: what you pay, when, and how a home loan fits
Assetz Mizumi Reserve possession date: 2030, and how to check it on RERA