Can an NRI inherit property in India?
Can an NRI acquire an Immovable Property in India, through Inheritance?
- 190 Views
- 1 Answer
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.
Ask Your Legal Question NowAsk a Query
Tags: General Legal