Buying a property is undeniably one of the greatest dreams of any Indian. So it doesn’t matter in which part of the world you live in; a home is simply a must in India. And the Indian laws have made this a fairly easy job. The Reserve Bank of India governs such transactions and they fall under the purview of the Foreign Exchange Management Act.
Now let us understand the rules for NRI’s to buy a property in India
Most definitely. The RBI allows NRIs to take home loans for buying property in India. You can also take a loan for repairs and renovations of your home. You can pay the EMIs in any one of the following ways: