I have two properties in Bangalore

Q: I am an NRI still carrying Indian passport and plan to settle abroad , I would be taking citizenship of Germany in the next 6 months , I have 2 sites in Bangalore and I may Inherit some property.. - What will happen to these 2 sites ? - What legal implications can arise if I happen to Inherit some property after I become a German Citizen , I will be applying for a PIO card immediately. Thank you

Aveek Paul,

26th February 2014

Legal in Bangalore

properties in bangalore

pio card

sites in bangalore

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I agree with Mr Bhargav. You may not have any problem now. But you need to take care from the tax point of view.

Devank, Bangalore

26th February 2014

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1) can't own a Agri Income / Plantation as an NRI/ Expatriate, but if inherited can sell and keep the money in India.2) Can retain build and Rent. 3) 1) If the sites are self earned property , then can sell it if it is beyond 3 yrs old and Repatriate as per indexing and 4) Rental income subject to I Tax.

Bhargav Dev, Bangalore

26th February 2014

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