9 Sep 2014

Nod to investment in realty abroad

Those who were looking to diversify their real estate portfolio by buying property abroad can do it now.


Those who were looking to diversify their real estate portfolio by buying property abroad can do it now.
The Reserve Bank of India (RBI) has allowed Indians to buy properties abroad under the Liberalised Remittances Scheme (LRS) facility. Last year, the RBI had barred residents from buying immovable properties abroad in order to support the depreciating rupee. But as the rupee has stabilised and the foreign exchange reserves have expanded, it has withdrawn the ban. Read More.. 

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