NRIs in Canada looking to invest in Indian real estate have several financing options to consider:

• Home Loans from Indian Banks: NRIs can avail home loans from Indian banks and financial institutions. These loans can cover up to 80% of the property’s value, with the repayment being done through inward remittance, debit from an NRE/NRO/FCNR account, or rental income from the property.
• Self-funding: This involves using personal savings, liquidating assets like shares or mutual funds or utilizing funds from retirement accounts and fixed deposits. ​.
• Using NRE/NRO/FCNR Accounts: Funds for purchasing property can be remitted from abroad through NRE (Non-Resident External) or NRO (Non-Resident Ordinary) accounts. NRE and FCNR accounts are fully repatriable, while NRO accounts are partially repatriable. Transactions must comply with FEMA regulations, ensuring funds are transferred legally and transparently​​.
• Power of Attorney (POA): If NRIs cannot manage property transactions in person, appointing a POA can help. A POA can handle all formalities and procedures related to property transactions, ensuring a smooth process​​.

Each financing option has its pros and cons, and NRIs should choose based on their financial situation, investment goals and compliance with Indian regulations. Consulting with real estate attorney in India is advisable to ensure a secure investment in Indian real estate.