5 Things that NRI Must know Before Making a Real Estate Investment in India

5 Things that NRI Must know Before Making a Real Estate Investment in India FEMA Rules Regulated by RBI The Reserve Bank of India has eased the Foreign Exchange Management Act (FEMA) requirements, making it easier to invest in real estate in India and according to the rule, any NRI with a valid passport who wants to buy a commercial as well as residential property in India, except perhaps a plantation, agricultural land, or even a farmhouse, must have a valid passport. Power of Attorney (PoA) This is mandatory for NRI real estate buyers, as they may not be physically present in India at the time of the property transaction. Home Loans The Reserve Bank of India has allowed housing finance businesses and banks to give home loans to non-resident Indians for the purchase of a real estate in India. EMIs and the Forex One of the simplest methods to repay a debt is to pay it back in equal monthly payments. Taxation and Tax Benefits Let us take a look at the tax for NRI buying property in India. India has signed a Double Taxation Avoidance Agreement (DTAA) with more than 85 countries across the world. #nri #india #usa #canada #indian #punjabi #bollywood #mumbai #love #punjab # #instagram #australia #chandigarh #uk #delhi #investment #dubai #indianwedding #america #visa #indiansincanada #realestate #realestateagent #property #investment #propertypoint #newhome #realestateinvesting #realestateinvestor