NRI

Can an NRI buy property in India?

Yes, Non-Resident Indians (NRIs) can purchase immovable assets in India without requiring special permissions from the Reserve Bank of India (RBI), according to FEMA(Foreign Exchange Management Act) regulations. Here are a few guidelines to follow: There are certain do’s and don’ts for NRIs investing in Indian realty. NRIs are only allowed to purchase residential and …

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