NRI Property Purchase Guide India 2026
As an NRI under FEMA guidelines, you can invest in residential and commercial properties (but not agricultural). Transactions must occur via NRE/NRO accounts. Deductions include TDS. You can use a Power of Attorney (PoA) for transactions. Forest Trails offers dedicated NRI-specific services to simplify repatriation and tax implications.
Essential Real Estate & Investor Resources:
Legal Due Diligence & Statutory Documentation Checklist
When purchasing residential properties or NA bungalow plots in Maharashtra, adhering to Maharashtra Land Revenue Code (MLRC) and MahaRERA statutory standards protects buyer ownership and ensures clear marketable title.
Key Regulatory Documents Every Buyer Must Verify
- Collector NA Sanction Order: Confirms non-agricultural land conversion under Section 44 of the Maharashtra Land Revenue Code with sanctioned layout demarcation.
- Separate 7/12 (Saat Baara) Extract: Each plot at Misty Greens carries an independent 7/12 extract reflecting the individual buyer's name with mutation entry (Ferfar) post-registration.
- MahaRERA Project Registration: Verifies project title, escrow bank accounts, approved building plans, and structural completion dates on the official MahaRERA web portal.
- Title Clearance Certificate: Issued by an independent advocate with 30 years search of revenue records ensuring no encumbrances, bank liens, or legal disputes.
- Index-2 (Suchi-2) Registration: Final registered deed summary issued by the Joint Sub-Registrar confirming legal stamp duty payment and registration completion.
Official MahaRERA Regulatory Advisory
Paranjape Forest Trails is an authorized RERA-compliant project developed by Paranjape Schemes (Construction) Ltd. Authorized Channel Partner: PropSmart Realty (MahaRERA Agent Registration No: A031262401295).