Buying property in India as a Non-Resident Indian (NRI) can be a great investment, especially in fast-growing regions like┬аDholera Smart City. However, itтАЩs important to follow the right legal process and ensure the plot is┬аRERA registered┬аfor security and transparency. This guide explains┬аhow NRIs can buy RERA registered plots in Dholera, the legal steps involved, how to verify property details, and the benefits of investing in a RERA-approved project.
Why Should NRIs Buy RERA Registered Plots in Dholera?
Dholera is one of IndiaтАЩs most promising┬аsmart city projects, attracting investors with its modern infrastructure and future growth potential. HereтАЩs why NRIs should consider┬аbuying a RERA registered plot in Dholera:
- Legal Protection: RERA (Real Estate Regulatory Authority) ensures transparency, reducing fraud risks.
- Hassle-Free Ownership: RERA-approved projects have clear titles and approved layouts.
- Higher Appreciation: DholeraтАЩs development as an industrial and smart city boosts property value.
- Easy Resale & Loans: Banks prefer financing RERA-registered properties, making resale easier.
- NRI-Friendly Policies: The Indian government allows NRIs to buy property (except agricultural land) without restrictions.
Legal Process for NRIs to Buy RERA Registered Land in Dholera
Buying property in India as an NRI follows a structured process:
Step 1: Check Eligibility & Documents
- NRIs can buy any residential or commercial plot (non-agricultural) without approval.
- Required documents:
- Passport & OCI/PIO card┬а(if applicable)
- PAN card┬а(mandatory for property transactions)
- Address proof┬а(foreign and Indian, if available)
Step 2: Research & Select a RERA-Approved Project
- Visit the┬аGujarat RERA website to verify project approvals.
- Look for┬аRERA registration numbers┬аon brochures and builder websites.
Step 3: Verify Land & Builder Credibility
- Check┬аland title deeds┬а(30-year chain) for ownership clarity.
- Ensure no legal disputes or pending loans on the property.
- Confirm builder reputation by checking past project deliveries.
Step 4: Make Payment & Sign Agreement
- NRIs can pay via┬аNRE/FCRA account┬аor international transfers (follow RBI guidelines).
- Sign a┬аSale Agreement┬аwith clear terms on payment plans, possession, and penalties for delays.
Step 5: Register the Property
- Visit the┬аSub Registrar Office┬аin Dholera or authorize a representative via┬аPower of Attorney (PoA).
- Pay┬аstamp duty & registration charges┬а(varies by state).
- Get the┬аsale deed registered┬аunder your name.
What NRIs Should Know Before Buying Property in Dholera
- Taxation: Rental income is taxable in India; capital gains tax applies on resale.
- Repatriation Rules: NRIs can repatriate sale proceeds up to the amount paid in foreign currency (subject to conditions).
- Power of Attorney (PoA): If unable to visit India, assign a trusted person via PoA for paperwork.
- Future Development Plans: Check DholeraтАЩs master plan for long-term value growth.
Conclusion
Buying a┬аRERA registered plot in Dholera┬аis a secure and profitable decision for NRIs. By following legal steps, verifying documents, and choosing approved projects, NRIs can safely invest in IndiaтАЩs real estate market. With DholeraтАЩs rapid development, this investment promises┬аhigh returns┬аin the coming years.
Ready to invest?┬аContact us today for and start your property journey today!
