Do foreign citizens of Indian Origin require permission of Reserve Bank of India to purchase immovable property in India for their residential use?
Yes. However, Reserve Bank of India has granted general permission to foreign citizens of Indian origin, whether resident in India or abroad, to purchase immovable property in India for their bona fide residential purpose. They are, therefore, not required to obtain separate permission of Reserve Bank.
Related Questions
- Is It true that foreign citizens of Indian origin require permission of Reserve Bank to purchase immovable property in India for their residential use?
- Do foreign citizens of Indian Origin require permission of Reserve Bank of India to purchase immovable property in India for their residential use?
- Do foreign citizens of Indian origin require permission of the Reserve Bank to purchase real estate in India for their residential use ?
