Non-Resident Indians (NRIs) are generally permitted to purchase residential and
commercial property in India under the rules of the Reserve Bank of India (RBI) and the
Foreign Exchange Management Act (FEMA).
However, NRIs are not allowed to purchase agricultural land, plantation property, or
farmhouses unless inherited or specifically permitted. Payments must typically be made
through NRE, NRO, or FCNR banking accounts.
Before purchasing property, it is important to verify that the title is clear and legally valid.
Documents such as the sale deed, encumbrance certificate, and approvals from local
authorities should be examined carefully.
Buyers should also confirm that the building or layout complies with local regulations and
approvals. For apartments, checking whether the project is registered under the Real Estate
(Regulation and Development) Act (RERA) can provide additional transparency.
NRIs should also consider how the property will be managed if they are living abroad.
Arrangements for property tax payments, maintenance, tenant management, and security
help ensure the property remains well maintained