Is there any restriction on residential or commercial properties an Indian resident can own in India?
There is no restriction as to the number of properties owns in India.
Can NRI buy a property in India?
Yes, RBI has given general permission to the NRIs to purchase immovable properties in India,
How many properties can a NRI own in India?
A non-resident Indian can buy either a residential property or a commercial property in India.
What is the best way to understanding the value of the property?
The market value of property is the price that a piece of real estate could
Can a property which is owned jointly with others be sold?
If a person who is co-owner can sell his share in the property but not
Can a son sell his father’s property after the death of his father?
A son is a legal heir to his father’s property. If he inherits the property
Are there any tax implications upon sale of property?
Yes, the seller is liable to pay the tax.
Can NRI, who sells his property in India, take the funds to his resident in foreign country?
Yes a seller who is a Non Resident Indian can take repatriate the funds to
Can a property be sold or purchased on a Power Of Attorney?
Only a registered sale deed confers title. Sale through unregistered documents or through power of