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NRI Realty News

Nri Realty Investment

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What are the formalities required to be completed by foreign citizen of Indian Origin for purchasing residential immovable property in India under the general permission?

Ans: They are required to file a declaration in form IPI 7 with the Central Office of Reserve Bank at…

Nov 28, 2025

Is there a boom of overseas Indians who are more interested in buying properties in India and is it getting easier for them?

Ans: Cheer Up!!! The Indian government now has recognized the demands of the NRI and people of Indian origin to…

Nov 26, 2025

What do NRIs look for in terms of projects – what kind of projects in terms of real estate can they look forward to and not just NRIs but PIOs, Foreigners? Ans: I would like to clarify in the beginning that what has been done recently in March is permitting FDI with instruction development sector. It is not in the real estate sector per se. In the sense can’t buy real estate and just sell it. You have to develop it, construct upon it or at least put in the minimum development and then you can sell it. So this is what has been permitted in March last year and NRIs. PIOs and all foreigners can look forward to equal treatment with their Indian counterparts in this sector. They can invest in land, buy it, construct upon it or just develop it, sell constructed buildings or just sell developed plots, which they weren’t allowed to do earlier. But the new policy is different from the old one in more ways than one. Earlier on, all this had to come with prior government approval and now for all construction development projects; we can welcome FDI without government approval. It is called the automatic route. Besides initially it was restricted only to the housing sector and now it has opened up. It is townships, housing, commercial area, and infrastructure development whatever. It also includes recently developed plots. Thirdly there were certain restrictions in terms of minimum area of land, minimum number of units etc but now all this has been set aside and we only designate it in terms of minimum constructed area – 50,000 sq .mts of construction is has to take place if you go in for a construction project and depending upon your FSI you can decide the plot size and that is not important and on other hand if you go in for the developed land and you are selling developed land it is 25 acres. Q2). What exactly is the automatic route?

Ans: Now one doesn't have to go to the Reserve bank and do the paper work. There is also no…

Nov 22, 2025