Tag: RBI guidelines for NRI property

Buying property in India is an emotional and financial milestone. For Non-Resident Indians (NRIs), it is also a way to stay connected to their roots. However, Buying and Selling Property in India as an NRI involves more than just signing an agreement. It requires compliance with foreign exchange laws, tax regulations, property laws, and state-specific rules. If proper legal due diligence is not done, the transaction may suffer from defective title, FEMA violations, tax penalties, or repatriation issues. This detailed guide explains the complete legal framework in simple English. The …