India, Feb. 13 -- Forty-one-year-old Rahul Vyas, a London-based professional, is considering investing in a property in India for his retirement. Like him, many Non-Resident Indians (NRIs) look to invest in properties back home, driven by favorable government policies, easier access to home loans, and a strong emotional connection to their homeland. If you're an NRI planning to invest in property in India, here's what you need to know.

When buying a property in India, NRIs need to understand FEMA and RBI guidelines. "The Foreign Exchange Management Act (FEMA) governs NRI investments in India. While commercial and residential investments can be made, investments in agricultural land and plantations are restricted," says Deepak Mishra, Dir...