NRI and OCI property rights permit regulated acquisition, inheritance and transfer while restricting agricultural, farm house and plantation property.

NRIs and OCIs may acquire immovable property in India other than agricultural land, farm houses and plantation property. Transfer consideration must be paid through inward banking remittance or permitted non-resident account funds, and not through traveller's cheques, foreign currency notes, or other unpermitted modes. Permitted property may be acquired by specified gifts or inheritance. Transfers may be made to persons resident in India; transfers to NRIs or OCIs exclude agricultural land, farm houses and plantation property.

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