Legal Information
At times, navigating the legalities of a new home purchase can be a daunting task. To make the process easier, we have compiled the basic legal considerations of acquiring a property in India. Additionally, you can get in touch with us for any specific queries.
Non-resident Indians who possess an Indian Passport do not require RBI permission to acquire an immovable property for bonafide residential purposes.
Non-resident Indians holding an Indian passport may pay the purchase consideration either by remittance of funds from abroad through normal banking channels.
Ensure that the title report of the property doesn’t contain any condition written in fine print and that there are no specific reservations by the state government.
Look for specific clearance reports. For instance, if the construction is near a seafront, you will need to check for a Coastal Regulation Zone (CRZ) clearance.
from our blog.
