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NRI Corner

Legal Information


An NRI, or Non-Resident Indian, is an individual of Indian nationality or origin who resides outside of India for an extended period. NRIs typically live and work in other countries, either temporarily or permanently. They may hold Indian passports or have Indian heritage but are not considered residents of India for tax and legal purposes due to their extended stay abroad. NRI status is often relevant for matters such as taxation, investments, and financial transactions in both India and their country of residence.


PIO stands for "Person of Indian Origin." PIO is a term used to describe individuals who have Indian ancestry or roots but are not necessarily Indian citizens. PIOs are typically foreign nationals or citizens of other countries who have a connection to India through their heritage, family background, or ancestry.

OCI Card

The Indian government introduced the Overseas Citizen of India (OCI) card, which provides certain benefits and rights to foreign nationals of Indian origin. In many cases, the OCI card has replaced the PIO card for individuals with Indian heritage living abroad.

Which Property NRI can Buy?

NRIs (Non-Resident Indians) have certain restrictions and regulations when it comes to buying property in India. However, they are allowed to purchase various types of properties, subject to certain conditions and limitations. Here are the types of property that NRIs can buy in India:

1. Residential Property:

  • NRIs can purchase residential properties, including apartments, houses, and condominiums, either individually or jointly with other NRIs or Indian citizens. There are no restrictions on the number of residential properties an NRI can buy.

2. Commercial Property:

  • NRIs can buy commercial properties such as offices, shops, and warehouses, either individually or jointly with other NRIs or Indian citizens. There are no specific limits on the number of commercial properties that can be purchased.

3. Agricultural Land:

  • NRIs are generally not allowed to buy agricultural land in India, except in certain cases where they have inherited the land or received it as a gift. Specific state regulations may apply, and it's important to check with the local authorities.

4. Plantation and Farmhouses:

  • NRIs are permitted to purchase plantation and farmhouse properties, subject to certain conditions. These conditions vary from state to state, and approval may be required.

5. Inherited Property:

  • NRIs can inherit property in India, and there are no restrictions on inheriting any type of property. However, they must adhere to the applicable laws and regulations governing the inheritance of property.

6. Gifted Property:

  • NRIs can receive property in India as a gift from a relative or any person, including Indian citizens and other NRIs. Gifted property may be subject to certain tax implications.

7. Repatriation of Sale Proceeds:

  • NRIs can repatriate the sale proceeds of property to their country of residence, subject to specified limits and conditions set by the Reserve Bank of India (RBI).

It's essential for NRIs to be aware of the specific rules and regulations regarding property ownership in India, including state-level regulations that may apply. Additionally, NRIs should consult with legal and financial professionals to ensure that they comply with all legal requirements when buying, selling, or inheriting property in India.

What Documents Are required for an NRI to buy a property in India?

The following is the list (non-exhaustive) of documents required for NRIs to buy property in India:

  • PAN card (Permanent account number)
  • OCI / PIO card (In case of OCI / PIO)
  • Passport (In case of NRI)
  • Passport size photographs
  • Address proof

What is the Documentation required for loan for NRI?

The specific documents required may include the following:

  • Passport and visa copies
  • Proof of overseas and Indian residence
  • Proof of NRI status
  • Proof of income and employment (salary slips, employment contract, etc.)
  • Bank statements
  • Proof of identity, such as Aadhar card
  • Power of attorney (if applicable)
  • Sale agreement for the property
  • Property title and encumbrance certificate
  • Property valuation report
  • Financial Information



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