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    Indian forums discussion boards » india real estate forums » indian real estate forum » Buying land in India from US
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    Question: I live in california. Is it possible to buy an agricultural land which is in India on my name? Some one said that if I sign on the scanned copy of the document and send it, it is possible to register that land on my name. Is it really possible. Please sug
    I cannot buy - 0 (0%)
    I can buy - 1 (100%)
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    Topic: Buying land in India from US  (Read 1901 times)

    Bharathi
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    « on: March 10, 2011, 03:01:56 PM »
    I live in california. Is it possible to buy an agricultural land which is in India on my name? Some one said that if I sign on the scanned copy of the document and send it, it is possible to register that land on my name. Is it really possible. Please suggest me.
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    idnapadmin
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    « Reply #1 on: March 10, 2011, 08:17:33 PM »
    Yes, it's possible.. You will need to give power of attorney that is all.. Your relatives or friends can represent to you and buy a land in India.

    When you give power of attorney.. You can also specify what kind of power they can have to buy.. For example, they have rights to buy one property or multiple property in india extra.. Consult attroney here or in India and they will tell you how to do..
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    Matthewbrown
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    « Reply #2 on: March 22, 2011, 03:44:52 AM »
    As per Indian Govt. regulations - only $200,000 a year can be taken out of India for investing in foreign property by Indian citizens. If your property is worth more than 200k - then he has to get a loan for the remaining amount - which is impossible to get on LAND in the US especially by a foreigner.
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    Bharathi
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    « Reply #3 on: March 22, 2011, 08:46:53 AM »
    But its cost is lessthan 200k. My doubt is weather I can register that land on my name without giving power of Attorney to anyone. I am on work visa and I am living in US from 1 year. They have scanned and sent a document by name "Photos and Fingerprints as per Indian Registration and Stamps Act 32A of 1908". This is a simple document which has signature of witnesses and Signature and thumb impression of buyer. I am not US citizen. Is it possible to register the land on my name with this document. Please advise.
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    idnapadmin
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    « Reply #4 on: March 22, 2011, 09:38:29 AM »
    without power of attorney, you will not be able to register the land in india from here..  You will have to be present in the registrar office to sign the documents..They will verify your photo and other residential proof documents..
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    Bharathi
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    « Reply #5 on: March 22, 2011, 01:44:03 PM »
    Thanks a lot for that reply. But my friend is not accepting that. Can I show him any proof in any website stating the same what u have said so that I can have a loud voice on that. Please suggest any proof for this.
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    idnapadmin
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    « Reply #6 on: March 22, 2011, 05:24:39 PM »
    You are talking about India.. You will not find the information on anywhere on the website.. Good luck.. Let him know that is the case..
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    areecka
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    « Reply #7 on: July 08, 2011, 07:56:11 AM »
    in my opinion you should hire real estate agent.............
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