How Can an NRI Buy a Property in India?
Real Estate / by RAJ YUVA / 64 views
NRIs are said to be investing more in the real estate sector. As the processes of real estate laws are much simpler, they are investing more than earlier. An NRI person can buy a property in India, it should be residential or commercial only. And they are eligible for home loans. It does not allow the purchase of properties such as farms, plantations, etc., used for agricultural purposes, and only those who have a permanent address in India can purchase these properties. It allows a person of Indian origin residing in another country outside India to purchase the property.An NRI can invest in any residential or commercial real estate sector. For that, they do not need to inform the Reserve Bank and do not need to seek any authorization from the Central Bank. They can buy residential or commercial properties as they like on general permission.
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