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Does a foreign national resident in India require approval of RBI to purchase any immovable property in India?

April 26, 2017Approval foreign immovable India National Property purchase rbi require resident

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Does a foreign national resident in India require approval of RBI to purchase any immovable property in India?

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Ans. No, he doesnt require any approval from Reserve Bank however, approvals may be required in terms of regulations prescribed by other authorities will have to be obtained.