Land purchase loan for NRI?

Question

I am planning to purchase a 30 acre farm/land in south India. Could someone advise me if I am able to get loan to purchase the land? If yes, please give me the details.

I am looking for around Rs 3000000

I am planning to purchase a 30 acre farm/land in Kerala,India. Could someone advise me if I am able to get loan to purchase the land? If yes, please give me the details.

I am looking for around Rs 3000000
I am in Canada for last 15 years.

Answer 1

if you are not a citizen of india then you cannot legally own land there,

if you found a loophole and can buy land there it would be worthless to a lender in the USA, if you defaulted on the loan they would have no way to recover thier loss.

if you had assets in the US that would cover the collateral for the India purchase Im sure you could get a loan.

Answer 2

I think you can get all the details for the loan you want from this website http://www.loansolutioncenter.com . I have also got help through this Loan Solution Center and now i have the website url for you so that you get easy to search for your needful.

I am sure you will find it very useful and helpful with the financial services available by it.

Hope you get it.

Puneet M

Answer 3

you cant try this type of issues in india you're able to do all issues different than for the repatriation earnings you will get the repatriation earnings you ought to stick to the FDI coverage the place you ought to positioned money right into a minimum section . taking mortgage from outdoors and making an investment in a plot of land and its repatriation no longer available thank you

Answer 4

Have you identified the property? if yes then you can approach the bank with whom you were dealing as NRI

Answer 5

where