Buying property in India as a Non-Resident Indian (NRI) can be a great investment, especially in fast-growing regions likeΒ Dholera Smart City. However, itβs important to follow the right legal process and ensure the plot isΒ RERA registeredΒ for security and transparency. This guide explainsΒ 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 Indiaβs most promisingΒ smart city projects, attracting investors with its modern infrastructure and future growth potential. Hereβs why NRIs should considerΒ 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: Dholeraβs 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 cardΒ (if applicable)
- PAN cardΒ (mandatory for property transactions)
- Address proofΒ (foreign and Indian, if available)
Step 2: Research & Select a RERA-Approved Project
- Visit theΒ Gujarat RERA website to verify project approvals.
- Look forΒ RERA registration numbersΒ on brochures and builder websites.
Step 3: Verify Land & Builder Credibility
- CheckΒ land title deedsΒ (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 viaΒ NRE/FCRA accountΒ or international transfers (follow RBI guidelines).
- Sign aΒ Sale AgreementΒ with clear terms on payment plans, possession, and penalties for delays.
Step 5: Register the Property
- Visit theΒ Sub Registrar OfficeΒ in Dholera or authorize a representative viaΒ Power of Attorney (PoA).
- PayΒ stamp duty & registration chargesΒ (varies by state).
- Get theΒ sale deed registeredΒ 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 Dholeraβs master plan for long-term value growth.
Conclusion
Buying aΒ RERA registered plot in DholeraΒ is a secure and profitable decision for NRIs. By following legal steps, verifying documents, and choosing approved projects, NRIs can safely invest in Indiaβs real estate market. With Dholeraβs rapid development, this investment promisesΒ high returnsΒ in the coming years.
Ready to invest?Β Contact us today for and start your property journey today!
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