Can NRIs buy real estate in India? Most people ask this question, and the answer to this question is yes. The RBI's circular now allows Non- Resident Indians to purchase certain types of property. However, other types of property can also be purchased after it is approved by obtaining special permits.
NRIs buying real estate in India should understand the legal requirements for owning real estate within the country. According to the Foreign Exchange Management Act's (FEMA) provisions, Person of Indian Origin (PIO) and NRIs are treated the same when investing in real estate in India
Real estate represents a significant portion of most people's wealth, and this is especially true for many homeowners in the United States. According to the Survey of Consumer Finances by the Federal Reserve, 65.1% of American families owned their own primary residence in 2019
With uncertainties around the economy and jobs now stabilising, we are witnessing signs of growth in the real estate sector as well. Sales have started to pick up primarily driven by the affordable housing segment
The DGGI had received information that the builder was availing fraudulent input tax credit on fake invoices issued by non-existent entities and was utilising this fake credit for discharging its outward GST liabilities, the statement added.