Non-resident Indians (NRIs) contribute significantly to the Indian real estate market. The primary goal of investing in Indian real estate is to either secure a future or to generate healthy returns. The implementation of radical reforms such as the Real Estate (Development and Regulation) Act and the Goods and Services Tax (GST) is promising an unprecedented level of transparency and accountability to NRIs. This sentiment is reflected in an increase in home sales by NRIs, particularly in Delhi, Gurgaon, Noida, and Ghaziabad. If you are an NRI looking to invest in India, Deal Acres will walk you through the process step by step.
Property Buying Procedure for NRI in India
Non-Resident Indians (NRIs) who live in other countries put a lot of money into India’s real estate market. The main reason people invest in Indian real estate is to secure their future or make good money. Radical reforms like the Real Estate (Development and Regulation) Act and the Goods and Services Tax (GST) are making it more likely than ever before that NRIs will live in a transparent and accountable environment. READ MORE…
Document required for NRI Home Buyers
Documentation, or paperwork, is an important part of buying or selling real estate. For NRIs, getting a deal done requires a careful look at the documents. An NRI needs the following papers in order to buy a property in India. READ MORE…
Provisions and Rules
The Foreign Exchange Management Act covers the purchase of an immovable property (internal linking all about ownership) in India by a non-resident Indian (FEMA). Let’s look at the rules that are in place right now for NRIs who want to buy real estate in India. READ MORE…
How to Pay for It
If you are an NRI (non-resident Indian) and want to buy a property in India, the process is simple and easy. RBI has made it possible for you to get a home loan if you don’t have enough money to buy a property in India. An NRI can get a loan against any real estate from any nationalized bank or housing finance institution registered with the National Housing Bank (NHB) at attractive interest rates. READ MORE…
All about ownership rights
An NRI can purchase a property in joint ownership just like any other Indian citizen. When more than one person owns a piece of property, this is called “joint ownership.” A legal deed says that each co-owner can give his or her share of the property to anyone else. READ MORE…
Tax Implications
When buying property in any part of the Indian Territory, an NRI has to pay the same stamp duty and registration fee as any other Indian resident. READ MORE…
Tips for Non-Resident Indian (NRI) Buyers
NRIs are free to buy as many residential or commercial properties as they want. But India’s constitution says that NRIs can’t invest in agricultural land or a farmhouse in their own name. These traits can only be passed down. READ MORE…
