Articles
NRIs guide to buying property in India
by Shaun Anderson Real Estate ConsultantA non-resident Indian should purchase either a commercial or a residential property in India. There is no limit on properties that an NRI can purchase in India.
NRIs have been opportunistic in terms of investment avenues and returns. Daily basis the government offers new schemes to attract more investments from abroad. Real estate is one of the best sectors which attract more non-residents audience.
A NRI is allowed to try to the following investments in propert.
1. Any immovable property is purchased by an NRI in India other than any farm house, agricultural land, and plantation property.
2: He will get any immovable property as mentioned above by gift from Indian resident, Indian citizen residing outside India.
3: Obtain any property by inheritance.
4: He will transfer immovable property to any resident of India by sale.
5: He will transfer any agricultural land, farm house or plantation land to any resident of India by gift.
6: He may transfer his commercial or residential property by means of gift to any person either residing in India or abroad or person of Indian origin.
Make a safe deal
When an NRI plans to invest in real estate, he should use the proper channels such as a friend or relative to ensure the authenticity of property.
He can also approach through seminars to choose a right property. A reputed real estate developers can provide a clear title property free from a lawsuit. These developers will take care of this property after purchase as well.
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About Shaun Anderson 
Real Estate Consultant
0 connections, 0 recommendations, 23 honor points.Joined APSense since, September 16th, 2014, From Mumbai, India.
Created on Dec 31st 1969 18:00. Viewed 0 times.
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