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 Jaithra Dhar On 4/7/2023
Yes, NRIs can purchase residential and commercial property in India. However, they are not allowed to buy farmland, plantation property, or farmhouses. NRIs need anNRO/NRE/FCNR account for the purchase. I...
Replied by Chandrima Acharya On 5/7/2023
NRIs in India can purchase real estate from other NRIs, but the transaction must adhere to the Income Tax Act and RBI guidelines. Before buying a property, NRIs should confir...
Replied by Nibodh Reddy On 6/7/2023
NRIs can safely invest in properties by performing careful due diligence onthe title deed and older deeds, approved property plan, building permit, occupation certificate, updated encumbrance certificate, share certificate, NO...
