Comprehensive legal guide for NRIs investing in Navi Mumbai properties covering FEMA regulations, tax implications, acquisition processes, and repatriation challenges.
NRIs looking to invest in Thrissur will find this guide invaluable: understand tax rules, repatriation regulations, smart market entry points, and the rapidly growing real estate opportunities in Kerala’s cultural capital.
FERA, enacted in 1973, regulated foreign exchange dealings in India. Replaced by FEMA in 2000, which focuses on managing foreign exchange while promoting trade and investments. Key differences include property acquisition criteria, shifting from citizenship under FERA to residency under FEMA.