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

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

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

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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.