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NRIs can acquire any immovable property(other than agricultural land, plantation or farm-house property) by way of purchase, provided the payment is made out of foreign exchange inward remittance or any Non Resident bank account in India, i.e. Non Resident External Account - NR (E), Foreign currency Non Resident Account - FCNR or Non Resident Ordinary Account - NRO account. Although immovable property is not defined, the same will include:
Acquisition can be made by way of
Transfer: Although transfer is not defined under the Regulations, but the definition of FEMA, 99 [Sec. 2(ze) of F.E.M.A. 1999] will apply & include:
Ram India where our mission is customer's satisfaction. Ram India offers the ideal residential solution for every home-seeker. Ram India believes in integrity, customer satisfaction and commitment to deliver which makes Ram India Construction the preferred realty investment in India. Ram India offers you a wide choice in terms of location, design and budget when it comes to possessing a prestigious home or commercial property. We at Ram India Group have a dedicated investor relations section to advise and assist you to make the right decision.
Ram India Group projects are the right place to make realty investments in Mumbai India. Ram India Construction offers a wide range of properties ideal for Realty Investment in Mumbai India.