Do foreign citizens of Indian origin require permission of Reserve Bank to purchase immovable property in India for their residential use?
Reserve Bank has granted general permission to foreign citizens of Indian origin, whether resident in India or abroad, to purchase immovable property other than agriculteral land/farm house/plantation property, in India. They are, therefore, not required to obtain separate permission of Reserve Bank or file any declaration.
A. Yes. However, Reserve Bank has granted general permission to foreign citizens of Indian origin, whether resident in India or abroad, to purchase immovable properties in India for their bona fide residential purpose. Therefore, they are not required to obtain separate permission of Reserve Bank.
Related Questions
- Do foreign citizens of Indian origin require permission from the Reserve Bank to purchase immovable property in India for their residential use ?
- Do foreign citizens of Indian Origin require permission of Reserve Bank to purchase immovable property in India for their residential purpose?
- Do foreign citizens of Indian origin require permission of the Reserve Bank to purchase immovable property in India for their residential use?
