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| Home > Real Estate, Wills, Probate and Trust > Real Estate in India- An Attractive Venture For Non-Residents Indians. |
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| Transfer of Real Estate by Way of Inheritance |
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Transfer of real estate by way of Inheritance:
Besides the above mentioned five kinds of transactions, another very important mode of transfer of immovable property is by way of inheritance. Since India does not have a uniform Civil Code, each religious belief has its own set of personal laws which inter-alia governs the laws of inheritance or succession. The children of inter-faith marriages have another set of laws for governing their succession issues.
The acquisition and transfer of immovable property in transactions of sale, gift, lease, mortgage, and exchange are subject to certain restrictions, which can be broadly divided into the following three major categories:
- Restriction with regard to the residential status of the transferor and the transferee, and/or
- Restriction with regard to the citizenship of the transferor and the transferee, and/or
- Restriction with regard to the nature of the immovable property sought to be transferred or acquired.
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