The acquisition of real estate in India was closed to foreign citizens until 2005. However, now India is ready to provide all kinds of real estate options for foreign individuals and legal entities: luxurious villas located on the coast, picturesque houses in villages, family -type houses, etc. D.
The main points of the process of registration of the purchase – sale of real estate.
A notarial act of transferring property to the buyer and certifying the rights of owning a new owner must be assured from a notary.
To execute the transaction, it is necessary to present documents to the notary, which indicate the “cleanliness” of the object, t. e. Is there a mortgage of a residential object, a ban on sale, etc. D.
The territorial tax service must make a state assessment of the value of the purchased real estate. Based on the declared price of the seller, the amount of the state fee for the transaction and notarial expenses is determined.
In order to make a purchase transaction – sales to a foreign citizen needs a passport, and if the transaction is executed on a legal entity, it is necessary to provide constituent documents for the company – buyer.
After signing the contract of the purchase – sale it must be registered in the insurance registration office. The head of this bureau is amended by the circumstances of this object in the state register of real estate.
Of course, the process of acquiring housing in India is a rather troublesome business. It must also be borne in mind that by purchasing real estate in India, you will not be able to sell it for three years.