According to India Brand Equity Foundation (IBEF), India's Real Estate Sector will reach US$ 1 Trillion in Market size by 2030. It proves that the real estate sector is thriving. So, buying properties in India is worth considering.
This blog will explain why you need to buy property in India, factors to consider before buying, A Guide for NRI, Legal Process of buying property in India.
As the Real estate sector is booming in India, NRI shows more interest in buying property in India. NRI can invest in any immovable properties except agricultural land, Plantation, and Farmhouse. If you are NRI and looking to buy property in India, make sure to follow these procedures.
At the time of registration, you should be present for signing documents, etc. If not, you will need the Power of Attorney (POA). POA can allow your trusted person to deal on your behalf. To transfer the POA to the trusted person, you need a valid POA Document that you can get from the Indian Embassy of the country you live.
Once you get the POA Document, you can send it to the trusted person and complete the buying process.
Godrej Properties new launch apartment is Godrej Splendour.