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Do non-resident Indians i.e. Indian citizens resident abroad require permission of Reserve Bank to acquire any immovable property in India?

April 26, 2017abroad citizens indian indians non-resident permission require Reserve resident

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Do non-resident Indians i.e. Indian citizens resident abroad require permission of Reserve Bank to acquire any immovable property in India?

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Ans. No specific permission is required by non-resident Indian nationals to acquire immovable Property in India other than agricultural/ plantation/ farmhouse.

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. No specific permission is required by non-resident Indian nationals to acquire immovable Property in