Acquisition and transfer of immovable property by NRI or OCI: A Complete guide for NRIs/OCIs
The Foreign Exchange Management Act, 1999 (FEMA), (Non-Debt Instruments) Rules 2019, prescribes specific conditions regarding the purchase, gift, inheritance and transfer of immovable property in India by persons resident outside India. The most important point for NRIs and OCIs is that the rules are different depending upon how the property is acquired or transferred. There […]
Difference Between Land Mutation & Property Registration in India: A Guide for NRIs
If you’re an NRI who owns, inherits, or plans to invest in land or property in India, there are two legal terms you’ll hear often: property registration and land mutation. While they sound similar, they serve very different purposes and skipping either can land you in legal trouble especially when it comes to ancestral property. […]