Indian Info

  • Increase font size
  • Default font size
  • Decrease font size
Home Indian Laws

Property Laws for Overseas Indians & NRIs

Saturday, 26 September 2009 03:00 administrator
E-mail Print PDF

Barring agricultural and plantation property, NRIs and PIOs are allowed to invest in property in India, and enjoy the same platform as resident Indians with respect to loans and insurance. They also enjoy parity with resident Indians on the quantum of investment in real estate, which is unlimited for all.

NRIs can purchase property from their remittances from abroad, and enjoy full repatriation benefits for up to two residential properties.

As per FEMA laws, PIOs are required to inform the RBI of their purchase of property in Form IPI 7 within 90 days of the transaction along with a bank certificate declaring the consideration made for the purchase.

 



Polls

Y S Jagan is the right candidate to be next C M
 

Advertisement

Featured Links:
Acurus Solutions Inc:
For all your medical billing needs, contact Acurus Solutions Inc. Highest collections guaranteed.
Phone: 909-397-9100
SD Services Inc: For all your quality, and cost efficient Medical Transcription needs,
Contact 630-379-4094
Ads by Indian Info!

NRI poll


Latest News

Popular

Newsflash

Despite the Hindutva issue failing to cut much ice during the Lok Sabha elections, senior BJP leader L K Advani has renewed his commitment to build a grand Ram Temple at Ayodhya.

"It is my cherished dream to have a 'bhavya' (grand) Ram Mandir at Ayodhya," the former Deputy Prime Minister said, addressing an election rally here last night.