March 11, 2017

NRI Corner

NRI Corner...
DEDICATION TOWARDS CUSTOMER GRATIFICATION

A. Acquisition of Immovable Property in India through purchase/ gift/ inheritance.

Answer: Under the general permission available, the following categories can purchase immovable property in India:
i) Non-Resident Indian (NRI)
ii) Person of Indian Origin (PIO)
The general permission, however, covers only purchase of residential and commercial property and is not available for purchase of agricultural land/ plantation property/ farm house in India.

Answer: No.