Can An NRI Inherit Property In India?

Can an NRI acquire an Immovable Property in India, through Inheritance?
Posted 1 year ago  | 
Property/Real Estate
Property/Real Estate

1 Answer(s)

Rashi Gahlaut
Advocate

An NRI is allowed to inherit a real estate property in India, from a resident Indian. Also, a NRI can inherit an immovable property in India, from a person who resides outside India. However, such a property must have been acquired in consonance with the foreign exchange law or the stipulations of the Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2000.