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NRI/OCI Declaration for Property Purchase (FEMA)

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DECLARATION UNDER FEMA

(Purchase of immovable property by a non-resident)

I, __________, __________, presently residing at __________, being __________, holding passport number __________, PAN __________, do hereby solemnly affirm and declare as under:

2. That the property described above is NOT agricultural land, plantation property or a farmhouse, and that I am aware that the Foreign Exchange Management Act, 1999 and the rules made under it do not permit me, in my capacity stated above, to acquire any such property by purchase.

4. That I undertake to comply with the Foreign Exchange Management Act, 1999 and the rules and regulations made under it, as applicable to acquisition of immovable property in India by a person resident outside India, in all respects concerning this purchase.

5. That the contents of this declaration are true and correct to my knowledge and belief, that no part of it is false and that nothing material has been concealed therefrom.

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