An NRI can generally purchase residential and commercial property in India, subject to applicable foreign exchange regulations.
Restrictions may apply to agricultural land, plantation property and farmhouses.
Yes. An NRI can sell property in India, but the transaction may involve specific TDS, tax, banking and repatriation requirements.
Yes, a properly drafted and legally valid power of attorney may be used for permitted property-related activities.
The document may require notarisation, apostille, consular attestation, stamping or registration.
NRIs can generally apply for home loans from Indian banks and housing finance companies.
Eligibility depends on income, employment, credit profile, property value and repayment capacity.
Yes. NRIs can receive rental income from property in India.
The income may be subject to Indian tax and TDS requirements.
Repatriation may be permitted subject to applicable banking rules, tax compliance, documentation and foreign exchange regulations.
Yes. The TDS rules for purchasing property from an NRI seller are different from those applicable to a resident seller.
The buyer should consult a chartered accountant before making payments.
Commonly required documents may include:
