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Showing posts from September, 2021

A Simple Guide For Property Registration in India, For NRIs

  Global economic conditions along with the depreciation of the value of the Indian currency have proven to provide lucrative opportunities for NRIs to invest in the real estate sector. Saying that more and more NRI property investors and buyers are showing interest in owning property back in India even during these harsh times with the pandemic. They all have reasons.  Although NRIs do not need to meet any special requirements or permissions to  buy property in India , they do need to register the property to legally transfer the property in their name.  So, what’s the procedure?  The overall property registration process has simplified over the years and involves the usual necessary paperwork. For instance, for NRI property investment in Bangalore, all that the NRI applicant needs to register the property is to submit a written application to the authority such as the Sub-Divisional Magistrate or the Sub- Registrar of the area. The following steps include stamp duty and paying the fe