Procedure for selling an agriculture land by a foreign citizen in India

#1 Sep 14th, 2017, 13:21
Join Date:
Sep 2017
Location:
India
Posts:
1
  • harshp27 is offline
#1
Hello Mike,
I have a situation here. I have a cousin who is a citizen of USA. His parents were born in India but moved to the USA 50 years ago. Both died a few years back. Now, what happened is, my cousin's grandfather died in India. So my cousin becomes the only heir of his whole property which is a huge chunk of agriculture land. Now the problem is he wants to sell this property to any one in India only. But the procedure sounds tedious and no one seems to have complete knowledge about this issue.
So, can anyone from this forum write step by step procedure of what he should do?
#2 Sep 14th, 2017, 15:02
Learning... from others' experiences!
Join Date:
Sep 2011
Location:
India
Posts:
12,534
  • Prakaant is offline
#2
NRI can sell property in India to a person resident in India; or an NRI; or a PIO.

PIO can sell property in India to a person resident in India; an NRI or a PIO (with the prior approval of Reserve Bank).

Hope, you have gone through the information imparted here (a document issued by Ministry of External Affairs).
#3 Sep 14th, 2017, 15:07
Join Date:
Oct 2004
Location:
Chennai, India
Posts:
67,891
  • Nick-H is offline
#3
<crossposted with Prakaant>

Quote:
So, can anyone from this forum write step by step procedure of what he should do?
Frankly, I doubt it. If we do have any lawyers with the necessary experience, they are wise enough to keep that to themselves.

I can understand that you may already have tried consulting professionals and found it to be a frustrating experience --- but there really is nothing else to suggest. In the end, this work is going to have to be done for you by a lawyer.

There is some relevant information on the forum: scroll down to Similar Threads at the bottom of the page. You'll find links to the relevant SBI FAQs .
~
Life gets aadhar every day.
.
#4 Sep 15th, 2017, 01:11
Join Date:
Dec 2008
Location:
In the land of awesomeness
Posts:
28,719
  • aarosh is offline
#4
Quote:
Originally Posted by harshp27 View Post But the procedure sounds tedious and no one seems to have complete knowledge about this issue.
So, can anyone from this forum write step by step procedure of what he should do?
Whom did he ask? A lawyer?

First step would be to approach a lawyer who specializes in purchase / sale of property. I don't think forum members could help you with any authority as to these would be the steps.

Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Forum Rules»
Trackbacks are Off
Pingbacks are Off
Refbacks are Off
Thread Tools
Display Modes

Search Engine Optimization by vBSEO 3.3.2
© IndiaMike.com 2017
Page Load Success