1. Can the NRI make an investment in real estate in India?
The Reserve Bank of India has made the NRI investment norms easier and the NRI does not need to take approval from the RBI for investment in India. Therefore, the NRI can buy property in India.
2. Which things to be followed by the NRI while buying property in India?
Five things are there to be followed by an NRI which include nature of the property, taxation, home loan, power of attorney and repatriation of funds back to a foreign country.