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V T GEORGE (MANAGER)     19 March 2012

Consideration payment for property purchased

Can consideration for purchasing a property in India be settled abroad by 2 NRI's in between. The property will be registered in India. Or is it obligatory that the payment be made in India only. I am a NRI and planning to purchase a propetry in India. The seller is also a NRI. He requests payment to him from my overseas account. Please advise.



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 1 Replies

adv. rajeev ( rajoo ) (practicing advocate)     19 March 2012

whatever you do but regn., should be done in india only.


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