Can I sell my property in India without Aadhar card?
Can I sell my property in India without Aadhar card?
Yes. An NRI can sell property in India without an Aadhar Card as it is not mandatory for NRIs to have an Aadhar Card. The buyer must check for an NRO Account in the name of the NRI though where the proceeds from the sale of property will be deposited.
Can NRI sell property in India without coming to India?
If you are a Non-Resident Indian, you can sell the property to a Resident Indian without restrictions. If the buyer is a Non-Resident Indian or a Person of Indian Origin (POI), you may need the approval of the Reserve Bank of India (RBI). You are not allowed to sell the property to a foreigner.
Is Aadhaar card mandatory for property registration for NRI?
Can NRIs buy property in India without Aadhar card? As per rule 114C, it is not compulsory for an NRI/PIO to have an Aadhar card for Buying/selling his/her property in India.
How can a NRI sell his property in India?
An NRI can sell his/her residential or commercial property to either a person residing in India, another NRI or a person of Indian origin (PIO). One can also mortgage the property to an authorised real estate dealer or a financial institution dealing with home loans.
What documents are required to sell a property in India?
Documents required for selling a property
- Letter of allotment. The letter that confers allotment of the property to you from the relevant society or authority is a primary document you need to have in order.
- Sale deed.
- Sanctioned plan.
- Society documents.
- Encumbrance certificate.
- Sale agreement.
Can a person of Indian origin sell property in India?
A PIO can sell non-agricultural property/land to resident Indian. But PIO cannot sell agricultural land or plantation property or farm house to a resident Indian. The only exception is that agricultural land cannot be gifted to NRIs or PIO. Agricultural land or plantation property or farm house can only be inherited.