Agreement to Sale

Description

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When an NRI (Non-Resident Indian) is involved in an Agreement to Sale for a property in India, the following documents are typically required:

1. Original Agreement to Sale:
   • The original agreement to sale document, which outlines the terms and conditions agreed upon between the buyer and seller. This document includes details such as the sale consideration, payment schedule, possession date, and other terms and conditions of the sale.
2. Proof of Identity:
   • Copy of the seller’s valid passport or any other government-issued photo identification document.
3. Proof of Address:
   • Copy of any of the following documents showing the seller’s overseas residential address: utility bill (electricity, water, gas), bank statement, or rental agreement.
4. Proof of NRI Status:
   • Proof of Non-Resident Indian (NRI) status, such as a valid visa or work permit from the country of residence.
5. Copy of PAN Card:
   • Copy of the PAN (Permanent Account Number) card of the seller, which is mandatory for property transactions in India.
6. Power of Attorney (POA) (if applicable):
   • If the seller appoints someone in India to represent them during the property transaction process, a Power of Attorney document may be required.
7. Foreign Inward Remittance Certificate (FIRC) (if applicable):
   • FIRC serves as proof of the source of funds received from abroad for the property purchase, if applicable.
8. Bank Account Details:
   • Details of the seller’s NRE (Non-Resident External) or NRO (Non-Resident Ordinary) bank account where the sale proceeds will be deposited.
9. NOC (No Objection Certificate) (if applicable):
   • If there are any legal dues or encumbrances on the property, a No Objection Certificate from the relevant authorities may be required.
10. Any Additional Agreements or Addendums:
    • If there are any additional agreements or addendums to the original agreement to sale, such as amendments or modifications, copies of these documents should be provided.