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Q.

Can NRIs invest in immovable property in India?

Asked by clone game, 03 Oct '08 09:41 am
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Answers (20)

1.

Yes NRI can invest in immovable property in India.
Answered by Rajendrakumar Sharma, 27 Oct '08 01:32 am

 
  
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2.

If you have not claimed NRI status (ater 180 days stay abroad) and still paying income tax in India you can buy immovable property with out any permission except agri land where you have to prove as agriculturist with income less than 2lakh /anum in non agriculture activity
Answered by harikishor, 17 Oct '08 09:57 am

 
  
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3.

Yes, but not in Jammbu and Kashmir, and some tribal area., and agriculture land.
Answered by Nirlep Chauhan, 07 Oct '08 11:36 am

 
  
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4.

Ha..invest in our govt na... nobdoy wants to move it...so its immoving (not immovable though) and ya..property to kamaal hai...ek dum "cheap" hai
Answered by Gautam, 03 Oct '08 03:05 pm

 
  
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5.

Of course but agricultural land.
Answered by Ram Kutty, 03 Oct '08 01:43 pm

 
  
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6.

Yes, without fear
Answered by deepee mahobia, 03 Oct '08 01:31 pm

 
  
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7.

Yes, as a NRI one can invest in an immovable property in India. NRI can also avail for a Home Loan if the property is for residential purposes. The sale proceeds of the same, when done can also be repatriated back subject to payment of necessary capital gain taxes.
Answered by Surya Narayanan, 03 Oct '08 01:02 pm

 
  
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8.

Yes. NRI can invest in immovable property in India
Answered by manoj mukherjee, 03 Oct '08 11:59 am

 
  
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9.

Yes
Answered by sanjay m p, 03 Oct '08 11:41 am

 
  
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10.

Yes, because they no in india they will find justice
Answered by sumit, 03 Oct '08 11:25 am

 
  
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