Are NRIs allowed to buy and own properties?

A good and viable question that has been going on rounds here. The control for this is under the leash of RBI. They have certain types of properties that anyone can buy while the rest requires mandates. There is the Foreign Exchange Management Act affectionately called as FEMA, which has all the guidelines regarding the type of property ownership for an NRI. NRIs and POIs (Person of Indian Origins) will fall under the FEMA act.

The types of properties that an NRI can invest are unfortunately limited to residential and commercial buildings. Though there is no upper limit in the number one can own. The NRI can buy as many residential or commercial buildings as they wish. The NRI need not seek any special permission nor are they required to communicate beforehand regarding the purchase. The RBI and income tax law states these guidelines. Even if they can’t come to India, all legal formalities can be executed using a valid power of attorney. But an NRI is not allowed to purchase agricultural and plantation properties in India. They cannot own farmhouses and if anyone wished to do so must approach the RBI. The RBI will give the nod after a detailed analysis. They are also allowed for joint ownerships with other Indians or NRI except for the properties they are not allowed to have ownership of. But what if I become an NRI later? How will my status change? Well they can also hold the ownership of properties that they have bought before becoming an NRI including farmlands, though they can’t own any agricultural land after their status changes to NRI. An NRI is also allowed to sell and gift his property as he pleases to any resident in India. But any of the previous farmland that they own under the provision mentioned above cannot be transferred.

You could also visit our other blog on NRI property purchase in India at

18 thoughts on “Are NRIs allowed to buy and own properties?

  • Steven
    December 26, 2019 at 6:36 AM

    I was looking for this certain info for a very long time.Thank you and best of luck.

  • Leo classifieds
    January 5, 2020 at 5:08 AM

    I like what I see so i am just following you.Look forward to looking at your web page yet again.

  • Abraham
    January 6, 2020 at 5:06 PM

    videos,this website could certainly be one of the very best in its field.Fantastic blog!

  • Brady
    January 9, 2020 at 12:35 AM

    I had been alittle bit acquainted of this your broadcast offered bright clear concept

  • Sean blogger
    January 10, 2020 at 12:51 AM

    May I just say what a relief to uncover someonethat genuinely understands what they’re talking abouton the web.

  • yugoslavian
    January 14, 2020 at 7:09 AM

    I found simply the info I already searched everywhere and just couldn’t come across. What an ideal web site.

  • Richardnease
    January 14, 2020 at 4:49 PM

    I exactly got what you mean, thanks for posting. And, I am too much happy to find this website on the world of Google

  • VincentCof
    January 16, 2020 at 12:31 AM

    Thanks for sharing nice information with us. i like your post and all you share with us is up to date and quite informative.

  • Brucerhype
    January 16, 2020 at 1:08 AM

    I really appreciate this wonderful post that you have provided for us. I assure this would be beneficial for most of the people. Thanks for sharing the information keep updating, looking forward to more posts.

  • MichaelOxifs
    January 17, 2020 at 8:08 AM

    Pretty good post. I have just stumbled upon your blog and enjoyed reading your blog posts very much. I am looking for new posts to get more precious info. Big thanks for the useful info.

  • Vincent Barve
    January 17, 2020 at 4:57 PM

    Thank you, I have recently been searching for information approximately this subject for a while and yoursis the greatest I have found out so far.

  • Messiahzmve
    January 27, 2020 at 6:51 AM

    I really loved what you had to say, and more than that, how you presented it.Too cool!

  • Cristiananldoy
    January 28, 2020 at 3:39 PM

    It’s enormous that you are getting ideas from this article as well as from our argument made here.

Leave a Reply

Your email address will not be published. Required fields are marked *.

You may use these <abbr title="HyperText Markup Language">HTML</abbr> tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>