Planning to Buy Property in India? Here are Some Things you Should know as NRI

Being an NRI is slightly different than other locals that are living in India and there are certain rules that make them different from the local Indian. When it comes to the property then there are some important things that you have to know as an NRI and it will surely benefit you when you are planning to invest in Real Estate in India. Buying a property or investing in one is more lucrative in India and some really reasonable rates over the past few years. Anyways, here are some important things that you have to know about Real Estate in India as an NRI.



1) What can an NRI Buy?

 An NRI can buy any immovable land in India other than any agricultural land and farm houses or the areas known for plantation with NRI NRO Accounts. If you still want to get your hands on the lands or the agricultural land then you have to get approval from the RBI side to approve and that thing will take time. So, if you are running late already then you should never choose any plantation land to invest in India.

2) Home Loan

 A Home loan can be easily given to an NRI but the terms for every lender is that they need the money in the same currency and the money will not be deducted from NRI’s bank as per the Loans for NRI in Delhi.

3) Power of Attorney
As an NRI, and as they are living outside of India, then they have a proper right to lend the Power of Attorney to any friend, relative and make all the changes to the property papers as per Non-residents. This thing helps them to make deals easily without coming back to India for something that could be done with other PoW (Power of Attorney).

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