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An NRI can sell their residential or commercial property to either a person residing in India, another NRI or a person of Indian origin (PIO). They can also mortage their property with any financial institution for getting loans.

Who can sell property?

Last updated on Jun 7, 2022

Under the law, any person that is competent to enter into a contract i.e., who is 18 years old or above and is of sound mind, can sell an immovable property.(( Section 7 of the Transfer of Property Act, 1882.)) There are specific rules for sale of property by NRIs and PIOs in India. However, for the sale of property to be legal, various aspects come into consideration, such as:

  • Whether you have the right to sell, i.e., whether you are the owner
  • Whether you have the authority to sell the property. For example, seeing if you have a power of attorney or have been authorized by the owner to sell.

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