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Jimuta Apte

How can I buy a residential property in India jointly with an NRI, myself being a resident Indian?

1 Answer
M
Maheshwar Gandhi

The purchase of a home in India with an NRI must comply with all applicable laws and FEMA rules. The NRI can finance their portion through an NRE or NRO account, while the local Indian must pay their share out of pocket or with a home loan. Both parties must sign the purchase agreement and the title deed must be in order.

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