NRI Homebuying : Every buyer of a house must go through extensive formalities and provide the necessary documentation. To demonstrate genuine ownership, additional documentation is required when an NRI purchases a residence in India. Along with submitting identity papers, this documentation also includes establishing a power of attorney in case of physical absence. Documentation needed for NRIs to purchase a property in India is listed on navimumbaihouses.com.

A crucial component of every real estate transaction is the documentation or paperwork. A thorough review of the paperwork is necessary for NRIs to reach a contract. An NRI needs the following paperwork in order to buy a home in India.

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Passport for India

NRIs require an Indian passport in order to purchase real estate in India.

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Person of Indian Origin (PIO) Card

An NRI would need a PIO card if:

• They hold passport of any other foreign country
• They are a foreign citizen whose father or grandfather was a citizen of India

Overseas Citizenship of India (OCI) Card

If a person is not an Indian citizen but is qualified to acquire one before or after partition, they must have an OCI card.

(Note that you can apply for these cards at the Indian embassy or consulate in the nation where you now reside by showing the birth certificate of your parents as evidence that you are an OCI or PIO.)

Are you looking for a house for rent in Kharghar? We have semi-furnished, unfurnished, and furnished flats available for rent in various sectors of Kharghar. We have 1 BHK starting at Rs. 10,000 per month, 2 BHK starting at 15,000 per month, and 3 BHK flats for rent in Kharghar starting at 18,00 per month. We can provide you with the list of rental properties in Kharghar, from where you can choose the one which fits your budget and choice.

PAN card, or permanent account number

When selling a property and requesting a tax exemption certificate after the sale, a PAN card is typically necessary. Additionally, the capital gains on the sale of the property would be subject to capital gains tax, which is added to the seller’s overall income (NRI) for taxation purposes.

NRI Homebuying : Valid power of attorney

A power of attorney for the property must be register for persons who are unable to appear in person at the register office.

Additional ID-size photos and address verification

The paperwork and procedures may change based on the legislation of the particular State. It is suggested to speak with a knowledgeable real estate agent and to visit the official website of the relevant government to learn more about the needed paperwork.

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