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NRI investment on property, but no sale deed
by Ramakrishnan Padmanaban on Mar 09, 2007 05:32 PM

My sister in US had invested 6 months back with a developer for a property in Bangalore, through her NRE account. But, since the property has not yet been launched even after 6 months, she wants her money back. No Agreement or Sale Deed has been made. What is the procedure to credit the refund amount into her NRE account?

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The above message is part of the Discussion Board:
How NRIs can buy land in India