NRI can buy residential or commercial properties. The agricultural plots, farmhouses or plantations are restricted for NRIs.

There are following documents required –

๐Ÿ“Œ Passport and/or OCI card: You will need an Indian passport or if you hold a foreign passport, you can buy property in India, provided you have an OCI (Overseas Citizen of India) card. Learn more at https://ocicard.ozg.in and simply WhatsApp us for any questions.

๐Ÿ“Œ PAN Card: This is mandatory for property transactions. Applying for PAN is a very simple and easy. You can simply visit NSDL website for PAN.

๐Ÿ“Œ Current Address Proof: Latest Bank Statement Or Utility Bill.

๐Ÿ“Œ Power of attorney (PoA): You need to also provide a power of attorney, in case you are not available in India for executing the deal. Please note that you will need a power of attorney which is registered and notarized and not a general power of attorney to execute a property transaction.


๐Ÿ“Œ How can you execute a Power of Attorney?

A power of attorney authorizes another person residing in India to complete transactions on your behalf. The POA will need to be signed by you in the presence of a consulate officer or notary in your country of residence. It will also have to be attested by them.

๐Ÿ“Œ How can you do your transaction for purchase of property in India?

You can make transaction for your property purchases through inward remittances as per FEMA guidelines by RBI.

Appointment โ˜Ž๏ธ ozglaw.com/appointment

๐Ÿ“ฎ Email to: ask@fema.in


Before going for a property deal, for a hassle-free ownership experience, make sure you check and verify all essential papers. You may consider taking the services of Ozg Documentation Centre at a competitive fee.

๐Ÿ“Œ Title Deed (in the sellerโ€™s name). Some states have specific paperwork that you need to be aware of.

๐Ÿ“Œ Approved Plan.

๐Ÿ“Œ Building permit.

๐Ÿ“Œ Occupancy Certificate (in case it is a ready building).

๐Ÿ“Œ Older title deeds, if any.

๐Ÿ“Œ Updated encumbrance certificate.

๐Ÿ“Œ Share certificate (in case it is a cooperative housing society).

๐Ÿ“Œ NOC from the society.

๐Ÿ“Œ RERA registration (if applicable).

If these documents are in order, then you can proceed to prepare the sale agreement for purchasing the property.

๐Ÿ“ฎ Email: ask@fema.in

๐Ÿ’— instagr.am/femaconsultant


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Quick Legal Advisory – FEMA Consultant – Ozg Lawyers

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