Tips for buying a property from an NRI

Purchasing a property in India from a non-resident Indian(NRI) is a bit tricky in comparison to buying from a person residing in India. It is so because of the legal complexities involved in the process. If you do not want the authorities to knock your doors after the purchase of property, keep these tips in mind before you finalize the deal. Property purchase can be a complicated affair because of the multiple rules and regulations involved in the process. The requirements for buying a property from a developer differ from the conditions associated with purchasing a home in the secondary market. Further, in the resale segment, buying a home from a person living in India may be slightly less complicated as buying from a Non-Resident Indian(NRI). Hence, if you are planning to buy a home which is owned by an NRI, here are a few tips which may help you sail through the transaction smoothly- Who is liable to pay the tax? “The process to buy a home from an NRI is al...