Guide to Buying Property as an NRI in Chandigarh

Chandigarh is known for its well-planned infrastructure and serene surroundings. It is one of the top choices for NRIs looking to invest in real estate in India. Whether you're interested in a residential property or a commercial venture, understanding the process is important. Here’s a simple guide that will help you navigate NRI real estate investments in Chandigarh and the surrounding Tricity area.

Regulations to Keep in Mind

As an NRI, you are eligible to purchase both residential and commercial properties in India. However, in case of agricultural land, plantation property, or farmhouses, these can only be inherited or gifted, but not bought by non residents. The Reserve Bank of India (RBI) regulates these investments under the Foreign Exchange Management Act (FEMA), to ensure smooth transactions through authorized banking channels only.

Required Documents

Having the right documents in place is crucial for a hassle-free process. Here's what you’ll need:

Passport & Visa: A valid passport (Indian or foreign) with visa details.
PAN Card: Essential for property registration and tax-related transactions in India.
Overseas Address Proof: Recent utility bills or bank statements confirming your current address abroad.
Power of Attorney (PoA): If you cannot be physically present, appoint a trusted representative through a legally verified PoA.
NRE/NRO Account: Ensure your payments are made via an NRE (Non-Resident External) or NRO (Non-Resident Ordinary) account.

Navigating real estate investments as an NRI can feel overwhelming, but that’s where we step in! At Defence Realtors, we specialize in assisting NRIs with their property purchases in Chandigarh, Mohali, Panchkula, New Chandigarh, Dera bassi and Zirakpur. Whether you’re looking for a luxury apartment, a commercial property, or a lucrative investment opportunity, we provide personalized assistance to make your journey seamless and hassle-free.

Here’s how we can help:

Comprehensive Property Listings: Explore the best residential and commercial properties as per your requirements.
Legal & Documentation Support: From property verification to registration, we ensure all your paperwork is in order.
Virtual Property Tours: Can’t visit in person? We offer detailed virtual tours so you can make informed decisions from anywhere in the world.
Expert Market Advice: Stay updated on market trends, ROI potential, and new projects in the Tricity.

Reach Out to Us Today!
📞 Call/WhatsApp: +91 8264 595959

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