An NRI or Person of Indian Origin (PIO) has the liberty to own both residential and commercial properties in India. There are no restrictions on the number of properties he or she can buy, save that the transactions must be in Indian Rupees (INR) through banking channels using an NRI account.
In case you require funding, there are a number of lenders available, provided you are eligible and the property papers are in order. According to RBI regulations, a financial institution can fund up to 80% of the value of your property, which has to be paid back in Indian Rupees. If you plan to let out the property, you can also use the rent to pay the loan as well.
At Madhuban, we provide all-round solutions & help you with any queries you might have regarding the purchase of any of our properties.