NRI FAQs

Delhi and the NCR are the hot spots of real estate boom in India today. The NCR especially is a fast developing area with new projects springing up almost every day. This boom in the real estate industry has not only been noticed by Indians but by Indians living abroad (NRIs) as well. While NRIs are allowed to make real estate purchases in the country, the process differs slightly. To make it easier, we have a FAQ section dedicated just to them. This section deals with:

Questions on the documents required while buying, selling and renting in India

When real estate of any kind changes hands, documents are required as proof. This section of the FAQs deals with questions on the kind of documents that you will require etc. The required documents might differ slightly depending on the kind of real estate in question.

Questions on stamp paper, required stamp duty, deeds and construction permissions etc.

This section of the FAQs covers everything that you need to know about title and sale deeds, the appropriate amounts of stamp paper required, construction permissions etc. You will need to make sure that all the documents are in order and on the appropriate value of stamp paper before you go through with any kind of transactions.

Questions on additional documents

All NRIs looking to invest in India or even sell existing property in India have to additional documents that they need to present. These documents include an IPI declaration that needs to be filed with the Reserve Bank of India’s central office. Other documents will depend solely on the nature of the real estate in question and the kind of transaction, i.e. buying, selling or leasing. If you need any help, our team of experts will be happy to help you put together what is required.