I want to know the safe way to transfer my money from usa to india and invest in property in india

Situation : I'm in USA, I want to buy some property in india. Since I cannot transfer all the money at once, I've been transferring some amount every now and then to my relatives accounts. Which I want to take back and purchase propery at a later time. I want to know is it ok to do this?
Related Topics : Property Law
Lawyers answer this question

Advocate Priyanka Chopade

Nagpur, Nagpur
For More Details Contact On +91 7769012300.
A:

Yes, you can invest in property. Do you have appointed any Power of Attorney in India? If not possible to you to come India for documentetion and all you have to appoint poa.If possible give details where you want to purchase the property .

45 user found this answer helpful

Advocate Priyanka Chopade

Nagpur, Nagpur
For More Details Contact On +91 7769012300.
A: As you can buy commercial or residential immovable property. You can not purchase agricultural land . As you mentioned that you can give money in installments not at once so if you desire to purchase any property you come under agreement to sell with some token amount and then give money in some installments upto the time of registration of Sale Deed.
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