Can an NRI/PIO/Foreign national holding an agricultural land/plantation property/farm house in India gift the same?

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Yes, NRI/PIO/Foreign national holding can an agricultural land/plantation property/farm house in India gift the same. (a) NRI/PIO can gift but only to a person resident in India who is a citizen of India. (b) foreign national of non-Indian origin needs prior approval of Reserve Bank. Immovable property is an immovable object, an item of property that… Read more »

Can a non-resident gift his residential/commercial property?

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Yes,a non-resident gift his residential/commercial property. It may be – (a) NRI/ PIO may gift residential/commercial property to – (i) person resident in India or (ii) an NRI or (iii) PIO. (b) foreign national of non-Indian origin needs prior approval of Reserve Bank. Immovable property is an immovable object, an item of property that cannot… Read more »

Can an agricultural land/plantation property/farm house in India owned/held by a non-resident be sold?

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(a) NRI/ PIO may sell agricultural land /plantation property/farm house to a person resident in India who is a citizen of India. (b) Foreign national of non-Indian origin resident outside India would need prior approval of Reserve Bank to sell agricultural land/plantation property/ farm house in India (c) Transfer by gift. Immovable property is an… Read more »

From whom can the non-resident inherit immovable property?

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A person resident outside India (i.e. NRI or PIO or foreign national of nonIndian origin) can inherit immovable property from (a) a person resident in India. (b) a person resident outside India. However, the person from whom the property is inherited should have acquired the same in accordance with the foreign exchange regulations applicable at… Read more »

Whether a non-resident can inherit immovable property in India?

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Yes, a person resident outside India i.e. i) an NRI ii) a PIO and iii) a foreign national of non-lndian origin can inherit and hold immovable property in India from a person who was resident in India. However, a citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal and Bhutan should seek specific approval… Read more »

Whether immovable property in India can be acquired by way of gift?

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(a) – Yes, immovable property in India can be acquired by way of gift. NRls and PIOs can freely acquire immovable property by way of gift either from i) a person resident in India or ii) an NRI or iii) a PIO. However, the property can only be commercial or residential. Agricultural land/plantation property/ farm… Read more »

Can an office of a foreign company purchase immovable property in India?

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A foreign company which has established a Branch Office or other place of business in India, in accordance with FERA / FEMA regulations, can acquire any immovable property in India, which is necessary for or incidental to carrying on such activity. The payment for acquiring such a property should be made by way of foreign… Read more »

Can a foreign national who is a person resident in India purchase immovable property in India?

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Yes, but the person concerned would have to obtain the approvals, and fulfill the requirements if any, prescribed by other authorities, such as the concerned State Government, etc However, a foreign national resident in India who is a citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal and Bhutan would require prior approval of… Read more »

Whether NRI/PIO can acquire agricultural land/plantation property/farm house in India?

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No. Since general permission is not available to NRI/PIO to acquire agricultural land/ plantation property / farm house in India, such proposals will require specific approval of Reserve Bank and the proposals are considered in consultation with the Government of India. Under the general permission available, the following categories can freely purchase immovable property in… Read more »