Documents required while applying for permission to acquire immovable property in India

1. If the application is signed by a holder of power of attorney on behalf of the applicant, a copy of the valid Power of Attorney duly certified by a competent authority.
2. An undertaking regarding non-repatriation of sale proceeds, income of/from the property as per the form appended to the application.
3. Documents on the basis of mode of acquisition :
  Mode of acquisition Documents
  (a)

Purchase/lease

(i)

An authenticated copy of agreement to purchase/lease or draft of purchase/lease deed.

         
      (ii)

A detailed valuation report, in original, from a Govt. approved valuer (registered with the Govt.of India under Wealth Tax Act,Estate Duty Act. etc.) indicating the fair market value of/fair lease premium and monthly lease rent payable for the immovable property as on the date nearer to the date of agreement for its purchase/ lease.

      (iii)

If the amount of consideration is to be paid out of balances held in the applicant's non-resident bank account/s in India,a bank certificate stating the balance held in the account. In case the amount has been remitted from abroad in advance for the specific purpose to meet purchase price/lease premium, a certificate from the concerned bank in India confirming receipt of funds.

         
  (b)

Construction/ Extension

(i)

A certificate from a Chartered Architect/ Engineer indicating the total built-up area and estimated cost of the construction.

      (ii) Approved plan of the proposed construction.
         
  (c) Inheritance

A certified copy of legal representation such as probate order, letter of administration, succession certificate etc. obtained from an Indian Court in respect of the immovable property.

       
  (d) Mortgage

An authenticated copy of draft mortgage deed.

       
  (e) Gift

An authenticated copy of the draft gift deed.

For further details or application form, contact us