07-08-09
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New Member
Join Date: Aug 2009
Posts: 1
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Fdi
Quote:
Originally Posted by cajawahar
dear friend a foreigner can buy lands in india for making investments permitted as per FDI regulation. for example, a foreigner want to do a housing proejct india, he can buy the property and do the business
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Can you please clarify my following doubts:
1. Can a foreigner ( Not NRI ) buy 50 --100 flats from a under construction project in his / her name directly by filling the builder application forms. If so, what are the procedures to transfer the funds to builders account ?
2. Can he sell out the bought flats as per his convenience and transfer the funds to his foreign account?
3. Can he able to rent out those flats and can he transfer the collected rent to his foreign account ?
If all the above questions are resulting "No" , then what are the other alternatives to make it "YES"....
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