Nri investment in plot
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 November 2015
Is there any restriction under FEMA for investing by NRI in plot in India. Can he purchase agricultural land and build a farm house for living of his Resident parents ? Dear Experts in NRI transactions, Pl clarify
Amol S Joglekar
(Expert)
12 November 2015
You need to take prior permission for this.
If you invest in the name of your parents, then permission is not required.
If you are NRIndia, permission is freely given, no issues as such.
If you invest in the name of your parents, then permission is not required.
If you are NRIndia, permission is freely given, no issues as such.
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