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What should be the method of payment for purchasing residential immovable property in India by foreign nationals of Indian origin under the general permission?

April 26, 2017foreign immovable India indian method nationals payment Property purchasing Residential

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What should be the method of payment for purchasing residential immovable property in India by foreign nationals of Indian origin under the general permission?

3 Answers

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Ans.The purchase consideration should be met either out of inward remittances in foreign exchange through normal banking channels or out of funds from NRE/ FCNR accounts maintained with banks in India.

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The purchase consideration should be met either out of inward remittances in foreign exchange through normal banking channels or out of funds from NRE/FCNR accounts maintained with banks in India

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The purchase consideration should be met either our of inward remittances in foreign exchange through normal banking channels or out of funds from NRE/FCNR accounts maintained with banks in India.