Investing in immovable property in India is a significant decision for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs), often driven by a deep attachment to their homeland. However, these transactions are governed by a complex set of regulations, primarily under the Foreign Exchange Management Act (FEMA).
This comprehensive guide aims to illuminate the crucial aspects of property purchase and sale in India for NRIs and OCIs, providing detailed insights into the governing laws, permissible transactions, essential precautions, and legal implications.
