LAWyersclubindia LCI
Login  Register
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Can NRI buy property in india

(Querist) 07 December 2008 This query is : Resolved 
Can NRI ( american citizen of indian origin ie,parents are indians) buy property( agricultural lands) in india...if he wants to buy ....what is the procedure....is it same as indian buying property in india..
Report Abuse
Adv.Shine Thomas (Expert) 08 December 2008
NRI can purchase residential immovable property in India.But he cannot purchase agricultural land in India according to the provisions of FEMA.He can purchase the same if the funds are from India and he can show a local Indian address and PAN card for transactions over Rs.5 lacks.
Guest (Expert) 08 December 2008
I agree with my brother Shine Thomas

Previous
Next

You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :



Ask Query
Unanswered Queries

Laws Follow us





Browse by Category

Stay updated with latest Posts!