Do PIOs 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 agricultural land/farm house/plantation property, in India. They are, therefore, not required to obtain separate permission of Reserve Bank or file any declaration.
Related Questions
- Do the non-resident Indians require permission from the Reserve Bank of India for the purchase of immovable property in India?
- Do PIOs require permission of Reserve Bank to purchase immovable property in India for their residential use?
- Do PIOs require permission of Reserve Bank to purchase immovable property in India for their residential use?
