NRIs Entering Indian Realty

Pune Properties - Real Estate India - Vilas Palash Floorplan1
For the Diasporas, who plan to invest in the commercial and residential properties, the Indian real estate market is able to hold its position in front of them.
For instance, a person Ganesh is an NRI (Non Resident Indian) who currently is in London, UK. He wishes to buy property in India and thus needs advice and information on the regulatory framework for investing in Indian real estate.
The NRIs and foreign citizens belonging to Indian Origin (PIO) are permitted to buy Immovable property in India. The people who held an Indian passport (at any time) or who had/have their parents or grand-parents in India come under PIO.
It is to be noted that even if the citizens of Bhutan, Afghanistan, Sri Lanka, Pakistan, Nepal, China, Bangladesh and Iran fulfill above conditions, they are not allowed.

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