Tag: NRI property ownership
Property Management
27-09-2024
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How to Choose the Right Property Management Service for Your Indian Real Estate
Investing in real estate in India is an attractive option for many Non-Resident Indians (NRIs). Whether it's for long-term investment, retirement planning, or securing a steady rental income, the Indian real estate market offers a plethora of opportunities.
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16-09-2022
Best property investment tips for NRIs
The Foreign Exchange Management Act (FEMA), which is overseen by the Reserve Bank of India, governs the purchase and acquisition of immovable assets in India by non-residents (RBI). For FEMA purposes, a Non Resident Indian (NRI) is an Indian citizen who resides outside of India. OCI refers to a non-Indian citizen who was born in India or whose parents or grandparents were born there (Overseas Citizen of India). For the sake of our discussion, I will refer to both NRIs and OCIs as NRIs because they are considered equally for real estate investment. The provisions that apply to NRIs and OCIs are the focus of this discussion.
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