Yeah, in fact, most kinds of real estate including dwellings, mansions and even plots can be purchased by non-resident Indians (NRIs).

The Non-Residential Ordinary Rupee Accounts (NRO) and the Non-Resident (Ordinary) Rupee (NRO) Accounts are used by NRIs in financing their purchases in India. The Indian rupee is maintained in these accounts.

• Registration: Registering sale deeds with local authorities
• Tax Deducted at Source: Pay TDS on purchases thereof
• Intimation to RBI: Notify RBI about certain transactions only

Yes, NRIs can sell property in India. There are generally no restrictions on selling residential or commercial properties. However, selling agricultural land or plantation property may require prior permission from the RBI.

Yes, NRIs can receive rental income from their property in India. The income is taxable in India, and NRIs need to pay income tax at a specific rate. They can then repatriate the remaining rental income after taxes through authorized channels.

NRIs can generally repatriate the sale proceeds of most property types after paying any relevant capital gains tax. The specific rules and limitations on repatriation may vary depending on the type of property and the holding period. It’s advisable to consult a tax advisor for the most up-to-date regulations.

Yes, there could be some tax incentives depending on the nature of the property and your holding period. For instance, investment in residential properties for long-term capital gains may attract certain tax exemptions. It is recommended that one consult a tax adviser conversant with NRI taxation laws in India.

Yes, NRIs are allowed to invest together with another NRI or a resident Indian as far as property is concerned. However, there may be certain restrictions on the number of joint holdings by an NRI.

NRIs can entrust their properties to a Power of Attorney whom they trust. This enables such appointed person to undertake tasks like rent collecting, maintenance and legal matters on behalf of the non-resident Indian.