NRI Property Guide

Yes. NRIs (Non-Resident Indians) and OCIs (Overseas Citizens of India) can purchase residential and commercial property in India freely, subject to FEMA (Foreign Exchange Management Act) regulations. Agricultural land, plantation property, and farmhouses require special RBI approval.

FEMA (Foreign Exchange Management Act) governs how NRIs can pay for, finance, and repatriate funds from Indian property. Violations — even inadvertent ones — can result in significant penalties. LAYA ensures all NRI clients understand and comply with FEMA rules before any transaction.

A POA allows an NRI to authorise a trusted individual in India to execute property transactions on their behalf. It must be properly drafted, notarised in the country of residence, and apostilled or attested by the Indian Embassy. LAYA coordinates POA guidance with partner advocates.

Yes. Major Indian banks (SBI, HDFC, ICICI, Axis) offer NRI home loans. Eligibility depends on income in the country of residence, employment type, and credit history. Loan repayments must come from NRE/NRO accounts. LAYA coordinates with NRI home loan specialists.