Are you an NRI? Checklist if you want to buy property in India

Are you an NRI? A checklist to buy property in India

From regulations to the actual procedure, there are significant differences when an NRI is buying a property. If you want to purchase property in India as an investment, consider the following factors before taking the decision.

Location: We make this point all the time but location is the most important consideration while purchasing property, especially as an investment. Any property you intend to buy must have good transport, road connectivity, schools, hospitals, restaurants, lower pollution levels, business district, entertainment centres etc.

Area: Check area of the property. If it is an apartment or house, check for carpet area, built up area, super built up area and parking space.

Builder reputation: A thorough background check on the builder and project is recommended. Consult local property experts or get family or friends to make a site visit. The person to whom you will provide power of attorney can help as well.

Quality of construction: Get a home appraisal done. Check for the quality of construction as well as for sufficient water and electric supply.

Finance: Along with rate per square foot, consider additional charges like parking, registration, stamp duty, and taxes. Additionally, there are transfer fees, brokerage fee, interior décor charges, monthly outgoings and society charges and cost of utilities. Find the right loan that meets your interest, repayment and tenure-related requirements. Check if your savings will cover the 20% not covered by the loan.

Returns: Consult with property experts on the sort of returns you can expect from the property you are considering. If you are working with a broker, get their opinion on board.

Maintenance: Appoint a trustworthy associate for maintenance of the property. Building managers or professional services can be appointed for the same.


  • Check copies of all title deeds related to the property. This will help establish property ownership.
  • Ask for survey number, village and registration district of the property – these are needed for registration of sale.
  • Ask for the Encumbrance Certificate – any liabilities on the property must be cleared by the seller before completion of property purchase.
  • Check if the property has the necessary clearances from local authorities like the municipality, electricity, water, pollution etc.
  • Ask for approved layout plan and approved building plan.
  • Verify building specifications and any issues therein, like side setback, height etc.
  • Verify what charges need to be paid on property purchase – like transfer fees, stamp duty, registration charges, property tax, water and electricity charges, society and maintenance charges etc.
  • Verify price trends in the locality

While property ownership back home is a tempting idea, you need to consider all the nitty-gritties before you take the plunge. You also need to work with a trustworthy team of developers, bankers and other real estate professionals to ensure that your investment is secure.

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