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Do non-resident Indian citizen require permission of Reserve Bank to acquire residential/ commercial property in India?

April 26, 2017acquire Bank Citizen Commercial indian non-resident permission require Reserve Residential

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Do non-resident Indian citizen require permission of Reserve Bank to acquire residential/ commercial property in India?

1 Answer

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No. An Indian citizen resident outside India does not require any permission to acquire any immovable property in India other than agricultural/ plantation property or a farmhouse.