Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) have the option to purchase property in India jointly with foreign citizens, but there are specific guidelines and legal provisions to consider. Here's a detailed explanation of the rules governing joint property purchases with foreign citizens: **1. Joint Property Purchase: NRIs and PIOs can collaborate with foreign citizens to jointly...
October 2023
Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) have the opportunity to buy property in India jointly with other Indian citizens or PIOs, subject to specific guidelines and legal provisions. Here's a detailed explanation of the rules governing joint property purchases: **1. Joint Property Purchase: NRIs and PIOs are allowed to jointly purchase property in India with Indian citizens or...
Foreign nationals of non-Indian origin have the opportunity to lease residential property in India, subject to certain guidelines and restrictions. Here's a detailed explanation of the rules governing leasing residential property for foreign nationals of non-Indian origin: **1. Leasing Residential Property: Foreign nationals who are not of Indian origin can lease residential property in India. This...
Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) have the opportunity to acquire residential or commercial property in India by way of gift. However, this acquisition is subject to specific guidelines and general permissions. Here's a detailed explanation of the rules governing property acquisition by gift for NRI/PIO: **1. Acquisition of Property by Gift: NRIs and PIOs can acquire...
The ownership of inherited immovable property in India by a person resident outside India (non-resident) is subject to specific rules and regulations, especially when the inheritance is from a person resident in India. Here's a detailed explanation of the guidelines governing the ownership of such property: **1. Inherited Property by Non-Resident: A non-resident, who is a foreign national or an...
The ownership of inherited immovable property in India by Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), or foreign nationals of non-Indian origin is subject to certain regulations. Here is a detailed explanation of the rules and guidelines governing such property ownership: **1. Inherited Property by NRIs: NRIs can inherit immovable property in India from a person resident outside India...
Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) looking to buy residential or commercial property in India have various modes of payment available to them. It's essential to understand these options and their requirements when making such a purchase. Here's a detailed explanation of the modes of payment for property acquisition in India by NRI/PIO: **1. Foreign Currency Remittance:...
The sale of property in India by Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) can be done without the explicit permission of the Reserve Bank of India (RBI) under certain circumstances. Here's a detailed explanation of the guidelines governing property sales without RBI permission: **1. Residential Property: NRIs and PIOs can sell residential properties in India without needing prior...
Non-Resident Indians (NRIs) often wonder whether they can remit the sale proceeds of properties in India abroad. The ability to repatriate sale proceeds depends on several factors, and here is a detailed explanation of the guidelines and procedures involved: **1. Type of Property: Repatriation rules differ based on the type of property. Residential Property: NRIs can remit the sale proceeds of up...
Non-Resident Indians (NRIs) have the option to avail home loans in India for various types of properties, provided they meet certain eligibility criteria and the property aligns with the lender's guidelines. Here's a detailed explanation of the kinds of properties for which NRIs can obtain home loans: **1. Residential Properties: NRIs can apply for home loans to purchase residential properties, which...