Goa to frame new law to protect NRIs’ property on the cards

By Accommodation Times Bureau PANAJI To curb the illegal sale of Non-resident Indian (NRI) land the state government is contemplating a new legislation from December 13, during coming assembly session. Vijai Sardesai, town and country planning minister said he has spoken to chief minister Manohar Parrikar about the new law. The economic offence cell

Huge NRI investments likely in Real Estate in 2016

By Dr Sanjay Chaturvedi, LLB, PhD After Government's investment friendly policies and Prime Minister Narendra Modi's campaign, the confidence level in Indian markets have gone very high. A survey conducted by Accommodation Times Education and Research Foundation on 35000 NRI revealed the good news. Beside PM Modi's crusade campaigns, international capital

Master Direction – Acquisition and Transfer of Immovable Property under FEMA, 1999,/

By Accommodation Times News Services RBI/FED/2015-16/7 FED Master Direction No. 12/2015-16 January 1, 2016 To, All Category - I Authorised Dealer banks and Authorised Banks Madam/ Sir Master Direction – Acquisition and Transfer of Immovable Property under Foreign Exchange Management Act, 1999 Acquisition and transfer of immovable property by Indian residents outside India and Non-residents in India is