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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 Chandradhar Chandra On 4/7/2023
NRIs can sell an inherited residential or commercial property in India to a resident Indian. In addition, NRIs can also sell it to other NRIs or a PIO with RB...
Replied by Somashekhar Chopra On 5/7/2023
Yes, NRIs are qualified for home loans to buy real estate in India. However, the requirements for qualifying and the terms and conditions could vary from those for Indian residents...
Replied by Meera Burman On 6/7/2023
NRIs and PIOs can use a variety of payment methods, including inward remittance, NRE/NRO accounts, and foreign currency accounts, to pay for residential or commercial property in India. However, i...
Replied by Kinshuk Seth On 3/7/2023
The best option for an NRI to maintain their property in India is to hire a reputable property management company or agent to oversee its day-to-day management. To stay ou...
Replied by Rashmi Burman On 5/7/2023
NRIs can manage their real estate in India through a Power of Attorney (POA) who can be a friend, colleague or relative of the NRI. The POA can oversee th...
Replied by Tarunika Varma On 5/7/2023
There is no restriction on how many properties NRIs can own in India. In India, there are no limitations on who can own residential or commercial properties. However, according t...
Replied by Shalik Naidu On 4/7/2023
NRIs have increased their demand for real estate in India, especially in big cities like Mumbai, Delhi, and Bangalore. They view Indian real estate as a way to diversify thei...
Replied by Samidh Mukherjee On 4/7/2023
An NRI can provide money to their Indian parents to purchase real estate, but it must adhere to the rules established by the RBI. If the gift exceeds INR 50,000...
Replied by Mukta Garg On 4/7/2023
When investing in commercial real estate in India, NRIs should select reputable agents with expertise in the local market, including property valuations and legal requirements. The agent should assist wit...
Replied by Likhitha Mukherjee On 5/7/2023
NRIs can transfer the proceeds from their sale to their foreign bank account by completing the required paperwork to a bank recognised by the Reserve Bank of India (RBI). The...
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