Can NRI/PIO transfer by way of mortgage his residential or commercial property in India to a party abroad?
No. He should seek prior approval of RBI. 25 Can a foreign national of non-Indian origin resident in India or outside India transfer by way of mortgage his residential/commercial property in India acquired with the specific approval of Reserve Bank to a party in India or abroad? No. He should seek prior approval of RBI. However, immovable property purchased by a person resident outside India who has established a Branch Office or other place of business for carrying on in India any activity in accordance with FERA/FEMA regulations, may under general permission available, mortgage such a property with an authorized dealer as a security for any borrowing. Mode of payment for purchase of residential/commercial property in India by NRI/PIO 26 Under the general permission available what is mode of payment for purchase of residential/commercial property in India by NRI/PIO? Under the general permission available NRI/PIO may purchase residential/commercial property in India out of funds remit
Related Questions
- Can NRI or PIO transfer by way of mortgage his residential or commercial property in India to a party abroad?
- Can NRI/PIO transfer by way of mortgage his residential or commercial property in India to a party abroad?
- Can NRI/PIO transfer by way of mortgage his residential/commercial property in India to a party abroad?
