82. Buy Land to Build House in India

Question: Hi, I am an OCI holder for Indian visa and just wanted to know if I am able to by property in India. I generally visit India on a yearly basis but wanted to know if I can actually purchase land and build a house for personal use. Please advise. Thanks Punita Vekaria Answer: Yes, as an OCI holder you can purchase land and build a house in India. A word of caution though, buying land in India not easy. Even local Indian citizens find themselves cheated and often helpless when buying land that is sold to them and in most cases they loose their money and don't get possession of the land. So take proper precautions when buying land in India.
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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82. Buy Land to Build House in India

Question: Hi, I am an OCI holder for Indian visa and just wanted to know if I am able to by property in India. I generally visit India on a yearly basis but wanted to know if I can actually purchase land and build a house for personal use. Please advise. Thanks Punita Vekaria Answer: Yes, as an OCI holder you can purchase land and build a house in India. A word of caution though, buying land in India not easy. Even local Indian citizens find themselves cheated and often helpless when buying land that is sold to them and in most cases they loose their money and don't get possession of the land. So take proper precautions when buying land in India.
© Copyright 2006 Nriinformation.com
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail.
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