What are the "restrictions" in "INDIA" on "property investment" in "India" by an "American citizen."
can you provide any website that gives a detailed explanation to this one?
I am not sure if there are any restictions, if you have enough money then you can. I live in chennai and i heard a big gated community is being built exclusively for japanese, and an israeli investment company has bought 100 acres of land for development near chennai at very expensive rates(according to Indian standard). And I know of an Australian who owns a farm house on the East Coast Road. This kind of development is now happening all over India and is not restricted to just cities, in a place near our village( 200 kilometers south of Bangalore in Tamilnadu) a person from UK has bought some 10 acres of land and has developed a farm house there. So I dont think there are any restriction for an American to buy land in India. Yes, Indian cities and villages are for sale Lock Stock and Barrel. Hurry.
What are the various options available to save on tax on Long term Capital from selling a property in India?
Specific Reinvestment plans that would help
Reinvestment. The capital gains on the sale are forestalled thru reinvestment. This is something you can do ad infinitum. There's a lot of other tricks but most are questionable and could lead to trouble. zeke
Here are some interesting real estate project in Gurgaon:
Ild Spire Greens Gurgaon
Tata Raisina Residency Gurgaon
Unitech Fresco Gurgaon
Dlf Town Houses Gurgaon
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