Quick Guide: How NRIs Can Sell Inherited Property in India

Third: Decide on the sales method

Once you arrange the entire documents, the next step is to decide whether you want to do the property transaction of your own or seek help from an expert. If you performing the task all by yourself then you need to have the thorough idea and knowledge of the procedure or else it will be better to ask help from an expert.

Om Ahuja CEO - Residential Services, Jones Lang LaSalle India said, "The real estate space in India is unregulated. Property rates vary vastly even within a particular area. There is no license for brokers and the entire process can be cumbersome if one is not familiar with the market. The most important thing for a successful transaction is to be in the right hands," reports Economic Times.

On this context, Shah further said, "Professional consultants’ help you make decisions such as whether to rent out the property or to sell it. Firms also usually have their empanelled lawyers and tax consultants to help you with issues such as obtaining duplicate copies of certificates, getting PAN etc.”