Property Search and Purchase by NRIs
Property Search and Purchase by NRIs Many non-resident Indians purchase property in India . While searching and buying real estate in India is a wise decision, the last thing non-resident want on their hands is a legal dispute concerning asset in India. Courts in India are pretty slow, and cases can drag on for tens of years. NRI’s who search and purchase asset in India should be extra careful when signing contracts and giving deposits. Seeking the help of property management lawyers to verify documentation is wise and judicious. The problem with real estate purchase in India is, the verification of assets being acquired. While India is gradually moving towards computerizing property records, this facility is not yet available. Most documents need to be validated manually, and such searches are often time-consuming. Therefore seeking the help of property management lawyers becomes imperative. When buying land, here are some of the things that non-resident real estate purcha