Can you inherit ancestral family property in India after becoming an NRI? Know rules
New Delhi, Sept. 25 -- If you move abroad, your right to inherit property in India is not automatically taken away. However, the rules can differ depending on whether the inheritance involves movable assets, such as bank accounts, stocks and jewellery or immovable property, such as land or real estate.
A person may move temporarily or permanently to another country for various reasons, such as employment, marriage or education. When it comes to inheriting property located within Indian borders, non-resident Indians (NRIs) are governed by the country's succession laws.
If an NRI inherits immovable property, let's say a flat in a housing society, the ownership transfer process depends on whether the property is self-acquired or ancestral ...
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