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The NRI's & Emigrants

NRI’s (Non Resident Indians) being Indian citizens, are allowed to invest in immovable property, without RBI’s (Reserve Bank of India’s) Permission in India. NRI’s are permitted to invest up to 100% in the new issue of equity shares/debentures of Indian  companies  for the development of serviced plots and construction of residential premises/ Real estates covering construction of residential and commercial premises.  

For foreign nationals of Indian origin, whether resident in India or not, RBI has granted  general permission  to acquire or dispose off any immovable property, by way of purchase or  inheritance or gift, and  to dispose off by way of sale Any immovable property, other then agriculture land, farm house, plantation property etc. All payment for purchase should be made from NRE or FCNR account. 

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