How can NRI’s buy a holiday home in India?
How can NRI’s buy a holiday home in India? The enthusiasm around holiday homes in India has only increased in the past few years. From owning one at pristine locations of the country to simply considering it as a beneficial investment, buying holiday homes is not just a great option for Indian residents but also for NRIs. With new real estate properties emerging every day at favourable destinations and the process becoming much more lucrative for Indians abroad, it is fairly easier for them to buy a holiday home within the country. Here is how they can do so! Documentation The documents required for an NRI to buy holiday homes in India obviously vary from those that an Indian resident needs to have. Firstly and the most important one would be an Indian passport. If a person possesses a passport of another country, they would then require a POI (Person of Indian Origin) or an OCI (Overseas Citizen of India). Second important document would be the PAN car...