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Can Non-Resident Indians send drafts issued by Exchange Houses for acquisition of residential flats in India?

April 26, 2017acquisition drafts exchange flats houses indians issued non-resident Residential send

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Can Non-Resident Indians send drafts issued by Exchange Houses for acquisition of residential flats in India?

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NRIs can send drafts issued by Exchange Houses in favour of co-operative housing societies or estate developers for acquisition of residential flats in India on an individual basis.

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NRI’s can send drafts issued by Exchange Houses in favour of co-operative housing societies/estate developers for acquisition of residential flats in India on an individual basis.