Spousal acquisition of immovable property permitted jointly with NRI/OCI subject to conditions under Rule 25 of FEMA for non-NRI spouses resident abroad. A person resident outside India who is not an NRI/OCI but is the spouse of an NRI/OCI may acquire one immovable property in India jointly with the NRI/OCI ... Summary
Spousal acquisition of immovable property permitted jointly with NRI/OCI subject to conditions under Rule 25 of FEMA for non-NRI spouses resident abroad.
A person resident outside India who is not an NRI/OCI but is the spouse of an NRI/OCI may acquire one immovable property in India jointly with the NRI/OCI spouse, excluding agricultural land, farmhouse and plantation property, subject to the conditions under the Foreign Exchange Management (Non-Debt Instrument) Rules, 2019.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.