Guidelines for property acquisition Non Resident Indian (NRI)

Article by Global Lawyers Guidelines for property acquisition by an NRI are laid down by FEMA Regulations, notified vide RBI Notification No. FEMA 21/2000-RB. NRIs and PIOs can acquire immovable property in India in the following ways: 1) By way of PurchaseAn NRI/PIO can acquire a residential or commercial property by purchasing it under the general permission granted by the RBI. Payment for