Buying property in India as a Non-Resident Indian (NRI) can be a great investment, especially in fast-growing regions like Dholera Smart City. However, it’s important to follow the right legal process and ensure the plot is RERA registered for security and transparency. This guide explains how 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 India’s most promising smart city projects, attracting investors with its modern infrastructure and future growth potential. Here’s why NRIs should consider buying 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: Dholera’s 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 (if applicable)
- PAN card (mandatory for property transactions)
- Address proof (foreign and Indian, if available)
Step 2: Research & Select a RERA-Approved Project
- Visit the Gujarat RERA website to verify project approvals.
- Look for RERA registration numbers on brochures and builder websites.
Step 3: Verify Land & Builder Credibility
- Check land title deeds (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 NRE/FCRA account or international transfers (follow RBI guidelines).
- Sign a Sale Agreement with clear terms on payment plans, possession, and penalties for delays.
Step 5: Register the Property
- Visit the Sub Registrar Office in Dholera or authorize a representative via Power of Attorney (PoA).
- Pay stamp duty & registration charges (varies by state).
- Get the sale deed registered under 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 Dholera’s master plan for long-term value growth.
Conclusion
Buying a RERA registered plot in Dholera is a secure and profitable decision for NRIs. By following legal steps, verifying documents, and choosing approved projects, NRIs can safely invest in India’s real estate market. With Dholera’s rapid development, this investment promises high returns in the coming years.
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