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Acquisition And Transfer Of An Immovable Property By A Person Of Indian Origin

[ Acquisition and Transfer of Immovable Property in India by NRIs and FEMA ]

Regulation No.4 of the aforesaid Regulations permits a person of Indian origin to:

    1. acquire immovable property other than agricultural land/plantation property or a farm house by way of purchase subject to the conditions regarding RBI rules mentioned in clause (a) of the Regulation;

    2. acquire any immovable property other than agricultural land/plantation property/farm house by way of gift from an Indian citizen resident outside India or from a PIO;

    3. acquire property by inheritance subject to the conditions stipulated in clause (c) of the Regulation;

    4. transfer by way of sale any ‘immovable property other than agricultural/plantation property or a farm house by way of sale to a person resident in India;

    5. transfer agricultural land/farm house or plantation property way of gift or sale to an Indian citizen resident in India.

    6. transfer residential or commercial property in India by way of gift to a person resident in India or to a person resident outside India who is a citizen of India or to a person of Indian origin resident outside India.

 
Acquisition and Transfer of Immovable Property in India by NRIs and FEMA
1. Basic Introductions
2. NRIs Can Hold, Own Or Transfer Immovable Property In India Without Any Condition
3. Acquisition And Transfer Of Immovable Property By An NRI
4. Acquisition And Transfer Of An Immovable Property By A Person Of Indian Origin
5. Acquisition Of Immovable Property For Permitted Activity
6. Repatriation of Sale Proceeds
7. Latest Amendments Regarding Acquisition Of Immovable Properties

 

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