Buying properties in India What NRIs should know

Do non resident indian nationals require permission of Reserve Bank to acquire residential/Commercial property in India?

....No Permission is required by non resident indian nationals to acquire immovable property in India.

Are Foreign Nationals of Indian origin allowed to purchase immovable property in India?

....Yes, Foreign nationals of Indian origin, whether resident in India or abroad, have been granted general permission to purchase immovable.... property in India.

What should be the method of payment for purchasing residential immovable property in India by Foreign Nationals of Indian origin under the....general permission?

....The purchase consideration should be met either our of inward remittances in foreign exchange through normal banking channels or out of funds.... from NRE/FCNR accounts maintained with banks in India.

Non- resident Indians are staying abroad can the property be purchased through the agent or through the power of attorney?

....The non resident Indians who are staying abroad may enter into an agreement through their relatives and/or by executing the Power of Attorney in....their favour as it is not possible for them to be present for completing the formalities of purchase(negotiating with the builder or Developer, drafting....and signing of agreements, taking possessions, etc) These formalities can be completed through some known person who can be given the Power of....Attorney for this purpose. Power of Attorney should be executed on the stamp paper before the proper authorities in foreign countries. Power of....Attorney cannot be drafted on the stamp paper bought in India. We find you the best buyers and Sellers for your property/real estate needs Villas, Land, House plot, commercial plots, plantation estates. We will get you the best property deals in these locations Kochi, Kozhikode, Kannnur, Waynad, Thrissur, Palakkad , Malappuram and Kasargod, Please send details of your properties/requirement to dland.developers@gmail.com or Contact us  91 99 95 22 09 66 dLand Propery Builders and Promoters Website: http://dland.in