Risks of Buying Inherited Property in India as an NRI
For some Non-Resident Indians (NRIs), buying inherited property in India may feel like buying a secure and emotional investment. Such properties are usually family-owned and believed to be legally safe. However, there are potential legal problems with inherited property that are quite different from buying property from a builder or individual seller. An Indian lawyer dealing with property disputes will often say that the majority of such litigation stems from disputes over unclear rights to inheritance and defective title. It is important to be aware of legal problems that may arise before a transaction is made on the property. What Is Inherited Property Under Indian Law? Inherited property is the property received through succession by either of the following: ● By testamentary succession (through a valid Will), or ● By intestate succession (without a Will, as governed by per...