Are you a non-resident Indian looking to buy a property in India? If so, your apprehension is for good measures. Buying a property in India can be tricky for an NRI due to several reasons. Various factors ranging from governmental complications to market dynamics discourage an expatriate from the dream of owning property in their country of origin. But with the right look-out system and informed decision-making, you can attain the best asset in India, and that too quite seamlessly. Here are the things you should keep in mind while trying to purchase a property in India: 1. Tax deductions Certain tax incentives are available to NRIs in India. If you sell a property within three years after purchasing it, it is considered a short-term capital gain and is subject to taxes. If you sell it after three years, it will be considered a long-term capital gain for which you can deduct an investment in yet another property. 2. Loans The Reserve Bank of India has given banking institutions and mortgage market businesses registered with the National Housing Bank license to lend to NRIs for the purchase of residential property in India. The loan is approved in Indian money, and it must be returned in the same. 3. Type of property Non-resident Indians can buy any piece of property in India, and they don't need specific permission to do so. The number of real estates that an NRI can purchase is unrestricted. They are prohibited from purchasing farmland, agricultural property, or plantations. But they are allowed to own these types of properties if they are inherited or handed to them. 4. Power of attorney You can either directly invest in India or can give the power to POA for the same. Because you are based outside of India, you can provide a Power of Attorney to your friends or family to finish the property buying procedure in India. The powers of attorney might be broad or narrow in scope, depending on which rights your agent has. 5. Documents required Copies of your passport, work permit, valid visa, wage certificate, permanent account number (PAN card), and other documents are necessary. A local contact address is required, as well as power of attorney to a trustworthy individual. 6. Property management Property management is another thing that NRIs must pay attention to. It's usually a good idea to have a trustworthy person on the ground to keep an eye on the property for unscrupulous builders, renters, or encroachments. 7. Tax liabilities The tax regulations for NRIs are also rather straightforward, with no tax imposed on the ownership of property in India. Rent derived from these properties, on the other end, will be taxed. If you want to sell the property after a length of time, keep in mind that tax will be deducted at the source at a rate of 20%, including surcharge, and health or education cess. Prevention is the best armor against complications. So keep in mind the above details before making a decision to buy real estate properties in India. It is always a great idea to get guidance from experts that can help you make an intelligent decision.