NRIs should seek legal advice, conduct property research and ensure that all property transactions comply with the provisions of the Property Transfer Act to safeguard their interests and investments in India.
NRIs should conduct thorough due diligence to ensure that properties are free from disputes and encumbrances as required by the Act.
NRIs should be aware of taxation aspects, including capital gains tax, stamp duty and income tax, which the Property Transfer Act influences.
The Act defines the terms and conditions of leasing and renting property in India and addresses issues like rent control and eviction.
NRIs often use a POA to appoint a representative for property-related affairs in India. The Act governs the use and limitations of POA in property transactions.
There are restrictions on NRIs acquiring agricultural land in India, which vary from state to state. The Act addresses these restrictions.
The Act establishes legal procedures for property transactions and the required documentation for NRIs to acquire and maintain property in India.
The Act covers various modes of property transfer, including sale, mortgage, lease and gift.
NRIs can purchase and own property in India, subject to certain conditions and restrictions outlined in the Act.