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Lavani Lal

Can a NRI buy property in India?If so, what are the rules and regulations?

1 Answer
J
Jaithra Dhar

Yes, NRIs can purchase residential and commercial property in India. However, they are not allowed to buy farmland, plantation property, or farmhouses. NRIs need anNRO/NRE/FCNR account for the purchase. In addition, they can get a home loan to purchase the property. However, NRIs must get a Notarised PoA assigned to an Indian Resident.

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