Property & Farmland in Konkan
Who can buy, how ownership works, and the taxes and duties for buying property in Konkan.
Who can buy in Konkan
Indian citizens and resident buyers enjoy unrestricted ownership of residential and commercial real estate. NRI/OCI buyers follow FEMA regulations — residential/commercial allowed, agricultural land only via inheritance. Foreign nationals cannot purchase property in India except by inheritance.
| Buyer | Permitted | Tenure | Conditions |
|---|---|---|---|
| Indian Resident | Yes | Freehold | Unrestricted purchase of residential, commercial, agricultural |
| NRI / OCI | Conditional | Freehold | Residential and commercial allowed; agri/plantation/farmhouse only via inheritanceApproval: FEMA / RBI compliance |
| Foreign National | No | None | Cannot purchase; inheritance allowed from Indian resident |
India rule, applies in Konkan.
Capital gains on a sale
Capital gains from real estate in India are taxed based on the holding period, classified as short-term or long-term. Long-term gains often benefit from indexation and lower tax rates.
| Holding period | Classification | Tax rate | Indexation |
|---|---|---|---|
| 24 months or less | Short-Term Capital Gain (STCG) | At your income tax slab rate | Not applicable |
| More than 24 months | Long-Term Capital Gain (LTCG) | 12.5%, without indexation | Not applicable |
India rule, applies in Konkan.
Always consult a licensed real estate attorney before purchase. Rules change; verify current law. Always confirm with a qualified tax professional. Rules change; verify with a professional before you transact.
Dapoli and the Konkan Coast: CRZ and Land Checks for Coastal Plots
On the Konkan coast, a plot has two maps, and the seller usually shows you only one. The first is the land record: the 7/12 extract, which says who owns the land and how it is held, and the developmen...
Frequently asked questions about Konkan
With conditions. Residential and commercial allowed; agri/plantation/farmhouse only via inheritance Approval: FEMA / RBI compliance.
Buying or selling in Konkan?
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