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Can a person who had bought immovable property when he was a resident, continue to hold such property even after becoming an NRI/PIO?

April 26, 2017bought Continue hold immovable NRI person PIO Property resident

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Can a person who had bought immovable property when he was a resident, continue to hold such property even after becoming an NRI/PIO?

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Yes, he can continue to hold the residential/ commercial property/ agricultural land/ plantation property/ farmhouse in India without the approval of the Reserve Bank.

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A. 31. Yes, he can continue to hold the residential / commercial property / agricultural land/ plantation property / farm house in India without the approval of the Reserve Bank.