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Legal service India => Property laws => Topic started by: challsmathew on October 06, 2015, 03:22:44 AM

Title: Rules and Regulation for NRI's?
Post by: challsmathew on October 06, 2015, 03:22:44 AM
What are the rules and regulation can be need to follow, if NRI peoples have a plan to buy a property in India?
Title: Re: Rules and Regulation for NRI's?
Post by: advmonami on October 06, 2015, 04:58:06 AM
NRI is allowed to but both residential and commercial land but not agricultural land in India.

rest of the process is same as for a resident Indian, only stamp duty is a bit higher
Title: Re: Rules and Regulation for NRI's?
Post by: adv.amarnath on October 06, 2015, 01:07:45 PM
NRI is not at all a foreigner to India. So there will not be any hurdle to buying a property. I would suggest please go through the entire searching in respect of the property which you are proposed to purchase. 
Title: Re: Rules and Regulation for NRI's?
Post by: challsmathew on November 17, 2015, 03:26:44 AM
Oh. Ok. Thank you for this information friends.