Process For Buying Property in India

Buying a property in India is an amazing experience both financially and emotionally. It is the biggest investment of one’s life that involves serious thinking and planning. With several possible difficulties in the way like inexperienced brokers, legal complications, financing burden, it becomes an overall tough and complicated task. So it is very important that the entire process should be carried out systematically to make the experience hassle free.

With the falling of the Indian rupee, NRI investments in India are increasing as the property in India has become an attractive proposition for non-residential Indians (NRIs). The RBI regulations are also very relaxed for buying apartments in India as the potential home buyers need not take any kind for prior approvals for the same. For FEMA purposes, Indian Citizens who have become NRIs, can purchase immovable properties situated in the country without taking any specific permission from RBI. However this doesn’t apply for any kind of plantation property or agricultural land or a farm house because these properties can either be inherited or gifted.

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