Legal Checklist for NRIs Before Buying Property in India
For Non-Resident Indians (NRIs), investing in real estate in India has always been an attractive option. The Indian real estate market offers various opportunities, from residential properties to commercial properties in India . However, navigating the legal landscape can be challenging. To make the process smoother and avoid legal complications, it’s essential to follow a comprehensive legal checklist before buying property in India. This blog provides a detailed legal checklist to help NRIs make informed decisions and secure their investment in Indian real estate . 1. Eligibility to Buy Property in India Before you dive into the process of purchasing property in India, you must confirm your eligibility. As per Indian laws, NRIs, Persons of Indian Origin (PIOs), and Overseas Citizens of India ( OCI ) can buy property in India. However, there are specific rules you need to be aware of: Residential and Commercial Properties : NRIs can buy residential and commercial properties in India