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NRI Corner

NRI

FAQs

Yes, NRIs can buy property in India, whether it's residential or commercial.

No, NRIs don't need any special permissions to buy property in India. However, they must comply with the Foreign Exchange Management Act (FEMA) regulations.

Yes, NRIs can take home loans to buy property in India, subject to the approval of the bank or financial institution.

NRIs buying property in India are subject to the same tax laws as resident Indians. However, they may also be subject to tax laws in their country of residence.

Yes, NRIs can rent out their property in India, either directly or through a property management company.

NRIs can transfer funds to India through various channels, such as NRE/NRO accounts, foreign currency non-resident (FCNR) accounts, or through a wire transfer.

Yes, NRIs can repatriate the sale proceeds of their property in India, subject to certain conditions and limits set by the Reserve Bank of India.

The process for NRIs to buy property in India is similar to that for resident Indians. They need to identify a property, negotiate the price, and sign a sale agreement. They must also comply with all legal and regulatory requirements, such as getting the property registered and obtaining necessary approvals from local authorities.

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