Do foreign citizens of Indian origin require permission RBI permission to purchase immovable property in India for their residential use?
No permission is required to purchase residential property, unless it is agricultural / plantation land or a farmhouse. However, the payment must be made out of inward remittances in foreign exchange through normal banking channels or out of funds from the purchasers’ non-resident accounts maintained with a bank in India .
Related Questions
- Do foreign citizens of Indian origin require permission RBI permission to purchase immovable property in India for their residential use?
- Do foreign citizens of Indian origin require permission of the RBI to purchase immovable property in India for their residential use?
- Do foreign citizens of Indian origin require permission of RBI, to purchase immovable property in India for their residential use ?
