NRIs are not allowed to file property dispute cases other than in the property’s location.
FAQ Category: Real Estate Investment
How does one verify that Indian property is legally compliant in all respects?
It is essential to pay attention to the factors like environmental clearances etc. However, getting a bit of legal advice will be beneficial.
Can an NRI gift a property? What are the charges levied on gifted property?
It is possible to gift property by an NRI. But the property should not be agricultural land or any plantation property. No tax is levied on gifts when relatives receive the gifts. But have to pay prevalent stamp duty and registration charges
Can an NRI use a Will to bequeath property in India to another person- another NRI or a resident Indian?
It is possible to bequeath property to their legal heirs and anyone as per the choice through the Will. An NRI is also allowed to inherit property from another NRI or resident of India.
Can an Indian citizen with a green card buy agricultural land in India?
Under FEMA regulations, it is clear that NRIs are not permitted to buy agricultural land in India. But under certain circumstances, by getting special permission from the RBI, NRI will be able to purchase such land.