Property in India - A forum for information on buying or selling property in India

Inherit property in India


Reply
 
Thread Tools Display Modes
Old Jan 3rd, 2009, 21:55   #1
jbj
Member
 
Join Date: Jan 2009
Location: NJ
Posts: 1
Inherit property in India

These forums have been very useful to me in many ways. Now I have specific questions to clarify:

Currently I am US legal permanent resident and I am going to apply US citizenship in the next few months. I have bought several properties in India registered with my Mother's name. None of them are Agri land.


1. Should I transfer the properties on my name before apply for US citizenship or can I do it later? Are there any restrictions owning properties in India as a US citizen(before and after becoming US citizen)?

2. Will there be any trouble applying for Electricity, water and other approvals in India if the properties are registered to a US citizen?

3. I have brothers and sisters. Is it better to register on my name sooner than later to avoid any future issues OR are there any alternatives so that I can postpone the registration to save the registration document fees for now?


Thanks a lot in advance.
BJB
jbj is offline   Reply With Quote
Old Jan 3rd, 2009, 22:10   #2
Structural Member
 
Haylo's Avatar
 
Join Date: May 2008
Location: Middle East and heading Easter
Posts: 5,804
The thread title say inherit, your post says bought. Which is it?

I have a vague idea that the law as I understand it, which is superficially, says that foreigners can inherit non agricultural property but not buy it. Why don't you just get it registered in your name anyway, and save yourself future hassle?

As for the questions about your brothers and sisters , why are you asking about them? Do they own part of the properties? Do they think they have a claim as they're in your mother's name (why do this anyway??)

I think you need a lawyer, not a travel forum!
__________________
The world is mud-luscious and puddle-wonderful - E.E. Cummings, poet (1894-1962)
Haylo is offline   Reply With Quote
Old Feb 7th, 2009, 05:27   #3
Senior Member
 
Join Date: Jan 2007
Location: Bardez/Mumbai/New Jersey (USA)
Posts: 418
Quote:
Originally Posted by jbj View Post
These forums have been very useful to me in many ways. Now I have specific questions to clarify:

Currently I am US legal permanent resident and I am going to apply US citizenship in the next few months. I have bought several properties in India registered with my Mother's name. None of them are Agri land.


1. Should I transfer the properties on my name before apply for US citizenship or can I do it later? Are there any restrictions owning properties in India as a US citizen(before and after becoming US citizen)?

2. Will there be any trouble applying for Electricity, water and other approvals in India if the properties are registered to a US citizen?

3. I have brothers and sisters. Is it better to register on my name sooner than later to avoid any future issues OR are there any alternatives so that I can postpone the registration to save the registration document fees for now?


Thanks a lot in advance.
BJB
You are eligible for OCI card as a US citizen of Indian descent and you can freely buy and sell real property

If the property is registered in your mother's name it legally belongs to your mother. She would have to sign the documents to transfer them in your name. If she does not ...
pontesnm is offline   Reply With Quote
Reply



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



Powered by vBulletin® Version 3.6.5
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd. LinkBacks Enabled by vBSEO 3.1.0
IndiaMike.com ©2001-2009

Syndicate this content on your website with rss or javascript data feeds.