NRI want to buy property & build a house in India

#1 Feb 1st, 2014, 15:56
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  • aerosnow7 is offline
#1
Hi, I am a NRI who's been in India for the past 14 months. My parents who are also NRI's want to come and settle back in India once they retire so I was hoping to get the process started for them.

I need help/information/advice on buying land and building a house here in India. I am here on a tourist/X-visa that I've been extending while waiting for my OCI application to process thru (which is taking a very long time btw but that's another topic for another thread!). So I guess my main concern is what are the rules & requirements for a PIO NRI to buy land in India and would having an OCI be beneficial at all in this situation?

I would appreciate any/all feedback since I've already started looking at plots to buy. Thanks in advance for your help!
#2 Feb 1st, 2014, 16:25
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  • ViShVa is offline
#2
You are on a long term 'entry' visa, not a tourist visa. If you have an overseas passport, you are not an NRI, but a person of Indian origin. These are separate. You can buy land and property and the same rules (Urban Land Ceiling Act etc.) apply to you as the ones applicable to Indian Citizens, except that you cannot acquire agricultural land. (You can inherit it and hold it). In your case, since you are of Indian origin you do not need an OCI or PIO to buy / hold property in India.

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