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Can an NRI/PIO acquire immovable property by inheritance from a person resident outside India?

April 26, 2017acquire immovable India Inheritance NRI outside person PIO Property resident

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Can an NRI/PIO acquire immovable property by inheritance from a person resident outside India?

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An NRI can acquire immovable property by inheritance with the specific approval of the RBI. The property must be acquired in accordance with the provisions of Foreign Exchange laws in force at the time of acquisition or under FEMA regulations.