A guide to buying property in India

Property for sale at Mumbai in India

Property for sale in Delhi


A selection Holiday homes in India

A luxury, two bedroomed, plus studio (sleeps 5) part air con apartment with balcony overlooking pool in private tropical gardens. 5 min stroll to the beach

The Peace of Greece
Away from
The Maddening Crowds


Peace of Greece



Your guide to buying property in India

The best way to simplify the buyers process in India is by separating purchasers into two categories:
i.    Non Resident Indians / Persons of Indian Origin
ii.    Foreign Citizens of Non Indian Origin

Non Resident Indian (NRI) / Person of Indian Origin (PIO)


A Non Resident Indian (NRI) is an Indian citizen who has migrated to another country, a person of Indian origin born outside of India or an Indian person who resides outside India.

A Person of Indian Origin (PIO) is usually not an Indian citizen, however is considered anyone of Indian origin, i.e. by virtue of either one of their parents, grandparents or great grandparents being born in India (except those from Pakistan or Bangladesh). An NRI/PIO is able to apply for a PIO Card through the Indian High Commission, which enables the person to buy real estate without prior approval, open an Indian bank account and stay in the country for up to 6 months without registration.

Foreign Citizens of Non Indian Origin

A Foreign Citizen of Non Indian Origin is permitted by the Reserve bank of India, on application to acquire immovable property in India, provided that:

  • The property to be purchased is for residential use only
  • The funds for the purchase comes from foreign exchange remitted from abroad in any convertible currency through the normal banking channels
  • Income accruing by way of rent from the property purchased, or the sale proceeds of such property/income arising out of investment of such sale proceeds at any future date shall be credited to the Ordinary Non-resident Rupee (NRO) of the non resident purchase

To qualify for the above buyers must complete and submit form IPI-1 to the Reserve Bank of India

Before you can own property in India you must be a resident or you must own an Indian company. The latter option is usually the easiest method for foreign nationals of non Indian origin to purchase a holiday home or investment in India.

Please contact Masseco International for further details.


Below are steps that would be undertaken by the purchaser’s lawyer in order to successfully complete on the purchase of a residential or commercial property:

  • Request copies of all Deeds of Title related to the property being purchased.
  • Establish the survey number, village and registration district of the property as these details are required for registration of the sale.
  • Establish that there are no outstanding loans/debts on the property and that all information on the Deeds of Title is in the correct order.
  • Finalise the terms & conditions of purchase of the property. Establish transfer fees, stamp duty and registration charges to be paid.
  • Establish all outgoings related to the property, i.e. property tax, water and electricity charges, society charges and maintenance charges.
  • If applicable, request the Seller obtain consent, permission, sanction, no objection certificate from the various authorities such as the (a) society (b) the income tax authority (c) Municipal Corporation (d) the competent authority under the Urban Land Ceiling and Regulation Act (e) any other authority.
  • If applicable, where the Purchaser has taken out mortgage to finance the purchase of the property, the purchaser’s lawyer will require a pre-approval letter from the lending institution.
  • The Purchaser and Seller will require a Permanent Account Number under Income Tax laws, payment of stamp duty on formal agreement or document for transfer of the property, signing by both the Purchaser and Seller and registration
  • After payment of the entire sale price, take over legal possession of the property along with documents of title in original from the Seller of the propertyChange name of the holder of the property to the purchaser in the records of the society, electricity company, municipal corporation, Index II etc

Masseco International will be happy to help if you require a good local lawyer. 


There are a number of Indian and Foreign banks offering a range of NRI services with flexible mortgages plans. Normal payment terms range from 15–25 years with a 10-15% deposit on the value of the property.

Authorized and immediate service for get India visa Online required by the authorities upon landing. 

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A guide to buying property in India