NRI agriculture property buying legal issues - FEMA Act

[lollilolli2020]

33 minutes ago, m0nster said:

ok so in my case I sent money into my parents account to buy that property, would that be a problem then?

end of the what is your citizenship ? 
You can stay in India for couple of years and renounce that NRI tag and get NOR tag appudu ??

[m0nster]

4 minutes ago, lollilolli2020 said:

end of the what is your citizenship ? 
You can stay in India for couple of years and renounce that NRI tag and get NOR tag appudu ??

But you still violated the law and you may still liable for fines 

[Joker_007]

1 hour ago, Pavanonline said:

who is they? is there any record of govt making an issue of this?

They means institute which enforces FEMA rules typically Enforcement Directorate (ED) , So far now I have not heard ED taking normal people into custody .. If you have some personal grudge on your friend who is NRI who bought an agriculture land.  You can complain to ED , there is a separate website for reporting FEMA violation and see the circus.. 

[Joker_007]

44 minutes ago, neethy said:

to my best knowledge, emaina legal issues vastene ee complications. if all goes smooth, you will be fine. I know some guys who brought and sold agri land, no issue caused to any. they even put in papers they are nris.

Yes you are correct.. Still it is a FEMA voilation.. You can complain ..  

[lollilolli2020]

11 minutes ago, Joker_007 said:

They means institute which enforces FEMA rules typically Enforcement Directorate (ED) , So far now I have not heard ED taking normal people into custody .. If you have some personal grudge on your friend who is NRI who bought an agriculture land.  You can complain to ED , there is a separate website for reporting FEMA violation and see the circus.. 

ee ED kinda ochchevi anni guilty until proven innocent type cases kada appudu baga vachipothadi kada. aina 5-10Cr ki and 100cr ki theda vuntadii kada. 

[Pavanonline]

17 minutes ago, Joker_007 said:

They means institute which enforces FEMA rules typically Enforcement Directorate (ED) , So far now I have not heard ED taking normal people into custody .. If you have some personal grudge on your friend who is NRI who bought an agriculture land.  You can complain to ED , there is a separate website for reporting FEMA violation and see the circus.. 

picha lite ED has bigger fish to fry, mana level transactions chudalante inko koti mandini hire cheyali. There's a reason it's never been enforced, one okka case ayyi news vasthe remittances padipotai and two court ki velthe naku telisi constitutional grounds lo kottestaru, desham datina we are still citizens manakemi takkuva rights undavu. stupid laws chala untai books lo.

[LadiesTailor]

2 hours ago, m0nster said:

you bought before 2000 ?

 

Ee rule 2000 nunchi vunda… ayuthe manam gattiga dorikinatte 

[m0nster]

5 minutes ago, LadiesTailor said:

Ee rule 2000 nunchi vunda… ayuthe manam gattiga dorikinatte 

yeah 

[LadiesTailor]

Just now, m0nster said:

yeah 

How about we transfer deed to siblings/parents and sell it ? Can we do it ? 
 

[m0nster]

20 minutes ago, LadiesTailor said:

How about we transfer deed to siblings/parents and sell it ? Can we do it ? 
 

not sure on that. but at this moment don't be stressed too much it is just central Act and state laws are different and hope our state dispute any of these. Chala mandhi vastaru ala ante

[vithanda_vadhi]

Don't worry much bro. Chances of getting notice is very very very rare. Ala ante India lo regular savings kuda maintain cheyyodu but almost andariki vuntayi..this is also same.

[Tellugodu]

4 hours ago, m0nster said:

After listening this I read more about it online and it looks like it's true. Edhi telika last year oka 10 Acers konna half on my name and half on parents name. Not sure amavtundho.

Mari mana NRI tejalu full ga kotuunaru ga... Is there any work around to avoid these legal complications? 

 

 

 

Only newbie NRI’s who just started earning money abroad will buy/invest in Indian real estate or mestri’s with bags of unaccounted cash. Not worth to invest in India , if you have no plans to move back.