NRIs can invest in residential and commercial properties. Agricultural land, farmhouses, and plantations are restricted unless inherited or gifted.
Property Types Permitted
NRIs don't need special permission to buy property. They must adhere to general FEMA regulations for property transactions.
No Special Approvals Required
Payments must be made via non-resident external (NRE), non-resident ordinary (NRO), or foreign currency non-resident (FCNR) accounts, using Indian banking channels.
Payment Method
NRIs can repatriate sale proceeds for two residential properties. Compliance with RBI limits and FEMA is mandatory for fund repatriation.