What NRIs on short visits to India must consider before buying property

They should hire a property consultancy or a lawyer to do due diligence on their behalf

Non-resident Indians (NRIs) visit India in large numbers between October and December. During their brief sojourns, many try to purchase a residential property.  

This year they are expected to evince high interest in residential realty due to a variety of factors, says Vishal Dhawan, chief financial planner, Plan Ahead Wealth Advisers: “Developed world equity markets have corrected sharply. A strong dollar has increased US-based NRIs’ purchasing power. With the global economy heading towards a recession, Indian equities, too, could correct. The turnaround in Indian real estate over the past year or so has also made many keen to consider this asset