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What are the formalities required to be completed by foreign citizens of Indian origin for purchasing residential immovable property in India under the general permission?

April 26, 2017citizens foreign formalities immovable indian origin purchasing Residential

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What are the formalities required to be completed by foreign citizens of Indian origin for purchasing residential immovable property in India under the general permission?

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They are required to file a declaration in the prescribed form with the Central Office of Reserve Bank at Bombay within a period of 90 days from the date of purchase of immovable property or final payment of purchase consideration.

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