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Under the extant foreign exchange regulations to whom is general permission available for purchase immovable property in India?

April 26, 2017extant foreign exchange immovable India permission Property purchase regulations

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Under the extant foreign exchange regulations to whom is general permission available for purchase immovable property in India?

6 Answers

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A General Permission is available to purchase only a residential/commercial property in India to a person resident outside India who is a citizen of India (NRI) or who is a Person of Indian Origin (PIO).

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Ans.: General Permission is available to purchase only a residential/commercial property in India to a person resident outside India who is a citizen of India (NRI) and who is a Person of Indian Origin (PIO).

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General Permission is available to purchase only a residential/commercial property in India to a person resident outside India who is a citizen of India (NRI) and who is a Person of Indian Origin (PIO).

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General Permission is available to purchase only a residential/commercial property in India to a person resident outside India who is a citizen of India (NRI) or who is a Person of Indian Origin (PIO).

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A.2. General Permission is available to purchase only a residential/commercial property in India to a person resident outside India who is a citizen of India (NRI) and who is a Person of Indian Origin (PIO).