Can a foreign national of non-Indian origin acquire residential property on a lease in India?
A. Yes. A Foreign National of anon-Indian origin including a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan may acquire only residential accommodation on lease, not exceeding five years for which he or she does not require prior permission of Reserve Bank of India.
A. Yes. A Foreign National of anon-Indian origin including a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan may acquire only residential accommodation on lease, not exceeding five years for which he or she does not require prior permission of Reserve Bank of India. Q8. Can a person resident outside India (i.e. a NRI or a PIO or a foreign national of non-Indian Origin) acquire agricultural land/plantation property/farmhouse in India by way of purchase? A. No. A person resident outside India can not acquire by way of purchase agricultural land/plantation property or farmhouse in India. Q9. Can NRI or PIO acquire residential or commercial property by way of gift under the general permission available? A. Yes. Under the general permission available NRI or PIO may acquire residential or commercial property by way of gift from a person resident in India or a NRI or a PIO. Q10. Can a foreign national of non-Indian origin resident outside Indi
A.8. Yes. A Foreign National of non-Indian origin including a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan may acquire only residential accommodation on lease, not exceeding five years for which he/she does not require prior permission of Reserve Bank of India.
Yes. A Foreign National of non-Indian origin including a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan may acquire only residential accommodation on lease, not exceeding five years for which he / she does not require prior permission of Reserve Bank of India.
Related Questions
- Can a foreign national of non-Indian origin resident outside India acquire any immovable property in India by way of purchase? Can they have the property on lease?
- Can a foreign national of non-Indian origin acquire residential property on a lease in India?
- Can a foreign national of non-Indian origin acquire residential property in India?
