Can I buy property in India without going to India?

As an NRI you will not need any special permission to buy an immovable property. If you hold a foreign passport, you can buy property in India provided you have a PIO (Persons of Indian Origin) card or an OCI (Overseas Citizen of India) card. PAN Card: This is mandatory for property transactions.

Can foreigners buy apartment in India?

Foreign nationals of non-Indian origin resident outside India can acquire/ transfer immovable property in India, on lease not exceeding five years and can acquire immovable property in India by way of inheritance from a resident.

Can you buy a house while overseas?

Purchasing real estate overseas, as a vacation home or an investment property, is achievable and can help diversify a broader asset portfolio. Mortgages are not always available for foreign borrowers, so cash or funds from investment accounts may be your best option.

Can we buy property outside India?

A resident of India is also allowed to acquire an immovable property outside India under a lease, for a period that does not exceed five years at a stretch. If your case does not fall in any of the above categories, you can still buy an immovable property outside India by taking a special permission from the RBI.

Can I purchase house in USA from India?

Anyone may buy and own property in the United States, regardless of citizenship. There are no laws or restrictions that prevent an individual of any foreign citizenship from owning or buying a home in the U.S.

Can I buy an immovable property outside India?

The property so acquired by a person who is resident in India, can be gifted to any of his relatives, including spouse, brother, sister and any lineal ascendant or descendant of the person. If your case does not fall in any of the above categories, you can still buy an immovable property outside India by taking a special permission from the RBI.

How can an Indian buy a house overseas?

“An Indian can buy a house overseas under the liberalised remittance scheme by making a remittance of up $200,000 per financial year. The Foreign Exchange Management Act also allows an Indian resident to acquire a property outside India by way of gift or inheritance from a person resident outside India,” says Krishnan.

Can foreigners buy property in Singapore?

Singapore allows foreigners to buy property but with restrictions. If a foreigner wants to own a property with land, he needs clearance from the government. No special approval is needed to buy apartments and condominiums. However, properties there can be as expensive as in Indian metro cities.

Which countries in Asia are attracting Indians to buy property?

In Asia, Singapore and Thailand are attracting Indians due to easy access. Singapore allows foreigners to buy property but with restrictions. If a foreigner wants to own a property with land, he needs clearance from the government. No special approval is needed to buy apartments and condominiums.