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 Saptanshu Babu On 6/7/2023
NRIs can register a property in India by designating a dependable agent. The agent is responsible for gathering the required paperwork and completing the registration process. In addition,an NRO accoun...
Replied by Vajra Ranganathan On 4/7/2023
The ability of NRIs to appoint a blood relative as a GPA to purchase or sell real estate in India is not restricted. Indian legislation requires the GPA holder t...
Replied by Samodh Apte On 5/7/2023
NRIs can sell their property in India by appointing a POA to act on their behalf. Even better, they can travel to India and finish the sale themselves. The NR...
Replied by Panduranga Pandey On 5/7/2023
Legal and tax-related challenges, trouble locating trustworthy tenants, and maintaining the property from abroad are some concerns that could hinder an NRI from renting out their home in India. NRI...
Replied by Sajni Dubey On 4/7/2023
When an NRI sells real estate in India, the selling proceeds are subject to capital gains tax based on acquisition cost, ownership length, and selling price. NRIs must obtain ...
Replied by Tarani Balakrishna On 3/7/2023
If the paperwork is correctly drafted and registered, NRIs may sell their property in India through a POA. A stamp paper should be used to sign a power of attorney...
Replied by Yochana Dhar On 5/7/2023
An NRI needs a copy of the property title deed, the selling agreement, a NOC from the housing society, tax receipts, and, if necessary, a power of attorney to sel...
Replied by Durga Kapoor On 6/7/2023
Indeed, NRIs must pay the Tax on real estate that is still being built in India. For properties that are actively being built, the GST rate is fixed at 5%...
Replied by Pradhyumna Dhillon On 4/7/2023
Absolutely, an NRI can use a power of attorney to sell estate in India. A relative or other trusted agent can be given the power of attorney so they ca...
Replied by Hrishikesh Chowdhury On 6/7/2023
NRIs need a valid passport, PAN card, proof of address in the nation of residence, and a bank statement to enter into a contract to buy property in India. The...
