Here is the required property documentation for NRI home loan:
Original title deeds tracing the title of the property for a minimum period of the last 13 years
Encumbrance Certificate for the last 13 years
Agreement of sale /construction, if any
Receipts for payments made for purchase of the dwelling unit
Approved plan / license
ULC clearance /conversion order etc.
Receipts for having invested the margin money through normal banking channels from the Non-Resident (External) account in India and / or the Non-Resident (Ordinary) account in India
Latest tax paid receipt
Allotment letter from the co-operative society / association of apartment owners
Agreement for sale / sale deed /detailed cost estimate from Architect / Engineer for property to be purchased / constructed /extended / improved
Copy of approved drawings of proposed construction/purchase/extension
The reduction of Cash Reserve Ratio (CRR) is expected to inject liquidity into a credit parched economy. This is expected to be the beginning of monetary easing.
Based on a study by PricewaterhouseCoopers (PwC), Bengaluru is the 10th best real estate investment destination for 2012 among the most favored real estate investment destinations in the Asia.