Foreign Exchange Of Regulation Act
s.s.m.rajan
(Querist) 06 August 2011
This query is : Resolved
Dear sir,
A NRI or PIO has general permission to acquire/transfer any immovable property in India other than agricultural/plantation/farm house property, etc.
So if you want to acquire/transfer any immovable property to any Indian citizen/NRI/PIO, there is no bar to you.
With Regards,
S.S.Muthurajan