NRIs are said to be investing more in the real estate sector. As the processes of real estate laws are much simpler, they are investing more than earlier. An NRI person can buy a property in India, it should be residential or commercial only. And they are eligible for home loans.It does not allow the purchase of properties such as farms, plantations, etc., used for agricultural purposes, and only those who have a permanent address in India can purchase these properties. It allows a person of Indian origin residing in another country outside India to purchase the property.An NRI is not allowed to buy agricultural or plantation property in India under the general authorization of the RBI. As a result, an NRI cannot buy a farmhouse in India under the current regulation. And if an NRI person wants to buy farmland or agricultural land in India, they need to get permission from RBI.
How Can an NRI Buy a Property in India?
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