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Best Real Estate Attorney Advice in India

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Published date: October 17, 2023
  • Location: Janak Puri, New Delhi, South West Delhi, Delhi, India
Best Real Estate Attorney Advice in India
Best Real Estate Attorney Advice in India
The Indian government has provided a thorough description of the requirements and details that NRIs should keep in mind while trying to buy property in India. A circular from the RBI grants all NRIs the right to purchase real estate in India. An NRI is allowed to purchase any number of homes in India, according to the guidelines that are now in place. Therefore, he is not needed to seek any approval in order to purchase a home. Additionally, the income tax legislation allows NRIs to purchase any type of business or residential property in India. The important thing to keep in mind is that an NRI cannot or is not permitted to purchase any plantation property or agricultural land in India. Therefore, it is assumed that under the current general guidelines, an NRI must request explicit approval from RBI if they wish to acquire agricultural land or plantation property.

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