Question asked by Karan Chandran from USA:
Hello, I am an NRI(Indian Citizen – US Green Card Holder) living in the United States. I am in the process of buying a flat with a builder in Bangalore. I have paid about 80% of the flat’s price so far. The price of the flat is around 58 [...]
Archive for the ‘NRI’ Category
Can one repatriate money back to US if in case he has not registered the property in his name?
Posted in Bangalore, Builder, Buy Real Estate, Capital gains, India, Indian Property, Indian Real Estate, Karnataka, NRE account, NRI, Non Resident, Property Registration, Real Estate, Real estate legal india atOnePlace.com, Registration, Repatriate, Residential Property, Sale Deed, Sale of Properties, atoneplace.com, banglore, legal, tagged Bangalore, Builder, Capital gains, car parking, Indian Property, Indian Real Estate, NRE account, NRI, Property Registration, repatriation, Residential Property, sale price on October 27, 2009 | Leave a Comment »
What are the latest Indian rules for repatriation and what is the procedure to follow?
Posted in Bank, Buy Real Estate, Capital gains, FCNR Account, Indian Property, Indian Real Estate, NRE account, NRI, NRO account, Non Resident, PIO card, Property Registration, Real Estate, Registration, Repatriate, Residential Property, Sale Deed, Service Tax, tagged Capital gains, FCNR, immovable property, Indian Property, Indian Real Estate, NRE account, NRO account, PIO, repatriation, Residential Property, Sale Deed, tax compliance, taxation on October 24, 2009 | Leave a Comment »
Question asked by Mr. Shiva Badruswamy
from New York, USA:
Hello there:
Thank you for being very informative about real estate Indian laws. I am about to inherit a property in India worth roughly $1 million. I am a US Citizen of Indian Origin. I want to sell the property and bring the cash over to the [...]
What is the best method of transaction so that a NRI can pay the minimum capital gains tax, registration tax and is able to repatriate the sale proceeds of a house?
Posted in Capital gains, Capital gains tax, India, Indian Property, Indian Real Estate, NRE account, NRI, NRO account, Non Indian, Non Resident, PIO card, Possession, Real Estate, Repatriate, Sale Deed, atoneplace.com on June 30, 2009 | Leave a Comment »
Question asked by Mr. Vishal Sinha from USA :
Dear Sir, I am an Australian citizen and currently on work visa in USA for the past 2 years. I was born in India and my parents/brothers are settled there and hence I have a PIO (Person of Indian Origin) card. I need to assist my [...]
Is it mandatory to go have Katha certificate issued by BMP / BBMP for buying a property in Bangalore?
Posted in Bangalore, Bank, Builder, India, Indian Property, Indian Real Estate, Karnataka, Khata, Loan, NRI, Real Estate, Residential Property, Sale Deed, Sale of Properties, atoneplace.com, banglore, legal, tagged Bangalore, khatha, Real Estate, Residential Property, Sale Deed, Tax on June 27, 2009 | 1 Comment »
Question asked by Kiran from Florida, USA:
Sir/Madam,
I was going through some of the posts at your website.
I have an issue and require your assistance.
I am Kiran living in Florida, USA.
I wanted to buy a 3-Bed Rood apartment in Bangalore.
We checked the documents provided by the builder with a lawyer and as we got a [...]
Do An OCI Need To Be Present In Person To Make A Sale Of Her Property?
Posted in India, Indian Property, Indian Real Estate, NRI, Non Indian, Non Resident, Property Registration, Real Estate, Real estate legal india atOnePlace.com, Residential Property, Sale Deed, Sale of Properties, atoneplace.com, tagged Indian Property, oci, power of attorney, sale of property, sub-registrar on March 4, 2009 | Leave a Comment »
Question asked by Ms. Kiran Tailor from UK:
Dear Vatsala,
I have an OCI status and presently living in UK. My query is that I have some land and plats in India and if I consider selling them, what is the process and do i need to be present in India during this time. Could you please [...]
Can An NRI Buy An Agricultural Land?
Posted in Agricultural, Agricultural Land, Buy Real Estate, India, Indian Property, Indian Real Estate, NRI, Non Indian, Non Resident, Possession, Property Registration, Real Estate, Real estate legal india atOnePlace.com, Registration, Residential Property, Sale of Properties, atoneplace.com, citizen of India, legal, tagged Agricultural Land, NRI, NRI Buy, ownership, RBI on March 4, 2009 | Leave a Comment »
Question asked by Mr SK :
Hi, I am NRI holding Indian passport, last 10 years (from 98’march) I worked and working in different countries. During this period I purchased 15 acres of Agricultural land in my village in India where I want to go back and settle down.
Now I just came to know from RBI [...]
Can Someone Be Appointed To Buy A Property on A Person’s Behalf?
Posted in Builder, Buy Real Estate, Index of land, India, Indian Property, Indian Real Estate, NRI, Non Indian, Non Resident, Property Registration, Real Estate, Real estate legal india atOnePlace.com, Registration, Residential Property, Sale of Properties, atoneplace.com, citizen of India, tagged Advocate, Canada, India, land papers, mortgage, notorary, original documents, power of attorney, Property, public notice, Residential Property, Stamp Duty, sub-registrar, title certificate on March 4, 2009 | Leave a Comment »
Question asked by Mr Krishan Kumar from Canada:
Dear Vatsala,This is to say that I am working in Canada for more than 9 months on a work permit status. Now I am planning to buy a plot in Madhya Pradesh (M.P) in India for the residential purpose. Since I don’t want to go to India [...]
Does A NRI Still Have Right On The Property In India?
Posted in Buy Real Estate, Consumer Act of India, Consumer court, India, Indian Property, Indian Real Estate, NRI, Non Indian, Property Registration, Real Estate, Real estate legal india atOnePlace.com, Record of rights, Registration, Residential Property, Sale of Properties, atoneplace.com, citizen of India on February 20, 2009 | 1 Comment »
Question asked by Mr Sangeetha Heblera:
Hello I used to live in India about 15 years ago. My husband and I had purchased a flat and lived in it for about 6 years.We then moved overseas but did not sell the flat. A friend who is a foreigner asked if they could live in it while [...]
What Are The Legal Issues Associated With A NRI Having A British Passport Buying A Business Property In India?
Posted in Builder, Buy Real Estate, FCNR Account, Index of land, India, Indian Property, Indian Real Estate, NRE account, NRI, Property Registration, Real Estate, Real estate legal india atOnePlace.com, atoneplace.com, legal, tagged Business property, Capital gains, debit, Foreign currency, foreign exchange, immovable property, Inheritance, NRE, NRI, PIO, property transfer, remittance, repatriation, tax compliance on February 20, 2009 | 1 Comment »
Question asked by Sheena Thomas :
Dear Ms Vatsala Dhananjaya,
Can you please advise on the legal issues with a NRI with a British passport buying a business property in India. The person in question has all family (parents etc) all indians born and settled in India. Also, if a business property is bought in India by the NRI, [...]
Can a gift deed be turned down if the donee has not accepted it?
Posted in Buy Real Estate, Gift deed, India, Indian Property, Indian Real Estate, NRI, Real Estate, Real estate legal india atOnePlace.com, Residential Property, Transfer, atoneplace.com, legal, tagged attorney, land, plot, property transfer, Tamil Nadu on December 16, 2008 | Leave a Comment »
Question asked by Mr B. Kannabiran from USA:
Dear Sir, I am a NRI working abroad for the last four years. I recently purchased a plot of land in Tamil Nadu, India through my Father- in- Law. At the time of purchase I did not know about executing a power of attorney in his favor for the [...]