How to buy a property in India from USA?

NRIs enjoy a lot of benefits, but for a long time I wanted to know can a US citizen buy property in India. My friend from Punjab has settled in the USA so I asked him about it. He explained to me how to buy property in India from the USA in detail, and I was able to learn several things from him. There are several steps through which the NRI has to go, but overall it is easy. Read this answer and find out how it's possible.

Can I buy property in India from USA as an NRI?

Yes, an NRI can buy a property in India from the USA. There are some steps that you will need to follow-

• Get your proof of NRI status or get advance permission from the Reserve Bank of India

• Seek a solicitor or realtor’s advice to proceed legally

• Be sure you have your OCI Overseas Citizen of India card, notarized power of attorney and more

• Foreigners can buy only some specific properties in India so make sure you abide by them

• Make sure the property in India is free of any legal dispute

Can NRI buy property in India without visiting?

An individual will have to take on the responsibility of buying the property on behalf of an NRI and must have a valid Power of Attorney if the NRI is unable to be present in India during that time. 

The documents that an NRI will need to have before buying a property in India as a US citizen are-

• Passport

• OCI card

• PAN card

• Power of attorney

• Proof of current address

• Passport sized photos

So to answer your question: can a US citizen buy property in India. Yes, if they hold an OCI card and fall perfectly as per the eligibility criteria stated by the Indian government. 

Yes, a US citizen can buy property in India. They are permitted to purchase immovable property in India, including both residential and commercial properties, in accordance with the rules established by the RBI and FEMA.

When a foreigner is buying property in India from USA, they must fit into one of the following categories:

• Non-Resident Indians (NRIs)

• Persons of Indian Origin (PIOs)

• Foreign Nationals

How to buy property in India from USA?

• Verify your eligibility to purchase property in India:

Make sure you meet all the requirements to buy a home in India before you even begin your search for one.

This means that you'll need to have documentation proving your NRI status or, if you're an Indian resident of foreign descent, advance authorization from the Reserve Bank of India.

• Locate a reliable Indian lawyer, notary public, and real estate agent in your area:

It can be difficult to navigate a property purchase, especially if you aren't going to be in the nation the entire time. Get sound local guidance and work with a lawyer and realtor who can assist you in finding a home and completing the transaction without worry.

• Gather the paperwork needed to complete your real estate purchase:

Your OCI card and a particular, notarized power of attorney are two of the paperwork you'll need when purchasing a home in India from the US.

• Find the ideal location and agree on the sale price:

Remember that only a certain type of property can be purchased by foreigners in India, eliminating some agricultural and farming property from your search.

Your real estate agent will be able to walk you through your alternatives at this point. Once you and the seller have agreed on a sale price, you might be required to submit a 10% to 20% deposit.

• The necessary legal and due diligence checks will be carried out by your solicitor:

You will need your solicitor to intervene and carry out the necessary checks to ensure the purchase is legal after you and the seller have agreed on a sale price.

They will examine the title records, building plans, and permits to make sure the property has been created properly and that the person selling it is the rightful owner.

• Sign the property sale deed, or have your representative do so for you:

Once everything is in order, you will need to sign the property sale deed yourself. If you are not physically present in India, you can also use the power of attorney you've established to have your representative sign the document on your behalf.

• The property sale will be registered by your solicitor:

You now own a home after your lawyer completes the property registration as the last stage.

I hope this clarifies your understanding that a US citizen can buy property in India.

Read More:

I can see why owning a home is among Indians' greatest desires. My brother, who has lived in the US for three years, recently expressed a desire to buy real estate in India. He then asked me to find out: Can US citizen buy property in India? I reached out to my lawyer friend and he confirmed that

. Moreover, I have mentioned a few regulations and criteria that he shared with me.

Can US Citizens Own Property in India?

Yes. The Indian Government permits NRIs and PIOs (people of Indian origin) to own real estate in the nation. My friend also informed me that before buying real estate, US citizens who are not of Indian origins or citizenship may need to get permission from the Reserve Bank of India (RBI).

He further added that it’s also crucial to remember that US nationals are not allowed to purchase farmhouses, plantations, or agricultural land in India. Only those who fall under the Indian legal definition of "agriculturists" are eligible to purchase these kinds of properties.

My brother finally purchased the property in Bangalore with the assistance of NoBroker’s experts. They helped him navigate the entire process of buying a home. Due to the following services, he adored NoBroker:

• Assistance with Documentation 

• Loan Services

• Household Maintenance

• End-to-end property management 

• Online rental agreement

The best part is that you have access to a dedicated field manager at all times. I hope you got an idea of whether can Americans buy property in India.