NRIs are allowed to purchase residential and commercial properties in India without any restrictions. They can buy immovable property in India through various channels, including the Reserve Bank of India's general permission scheme or by way of inheritance. NRIs can also avail home loans in India to finance their property purchase.
Read moreReplied by Khushi Khurana On 4/7/2023
Yes, NRIs can purchase real estate in India from the US without travelling to the country, provided they follow all applicable laws and regulations.According to FEMA and RBI, NRIs ca...
Replied by Yudhajit Garg On 5/7/2023
The money from the sale of a property in India can be given to a brother by an NRI, but it must be taxed in India. The NRI must pa...
Replied by Somprakash Dhawan On 4/7/2023
Indeed, home loans are available to NRIs for residential and commercial properties in India. However,NRIs must assign a Resident Indian POA (Power of Attorney) to apply for the home loan...
Replied by Virinchi Gill On 4/7/2023
NRIs selling real estate in India must be aware of legal and tax repercussions, such as obtaining a PAN card, getting RBI approval, and paying capital gains tax. To ensur...
Replied by Hrishikesh Kulkarni On 3/7/2023
In India, NRIs may sell residential and commercial real estate, provided they abide by all applicable laws and regulations. NRIs must obtain a PAN card and pay the relevant capita...
Replied by Antariksh Haldar On 6/7/2023
NRIs must pay capital gains tax on the selling proceeds of an inherited property in India, which is determined by the difference between the purchase price and the sale pric...
Replied by Shubhojit Deshmukh On 4/7/2023
Yes, NRIs may purchase commercial real estate in India under the restrictions of the Foreign Exchange Management Act guidelines. Therefore, NRIs can buy commercial assets like offices, retail stores, warehouses...
Replied by Hiten Gupta On 4/7/2023
If an NRI originally bought the property for repatriation purposes, they are permitted to sell it without the RBI approval. However, to sell the property, you need the RBIs authorisatio...
Replied by Padmadhar Seth On 5/7/2023
NRIs may face challenges such as legal disputes, title issues, encumbrances, and financing when purchasing real estate in India. In addition, the terms and conditions for NRIs may differ fro...
Replied by Jinendra Dhillon On 5/7/2023
NRIs need to make a checklist to sell real estate in India, including verifying property documents, obtaining approvals and permissions from local authorities, getting a PAN card, opening an NR...