Who can purchase immovable property in India?
Under the general permission available, the following categories can freely purchase immovable property in India: (i) Non-Resident Indian (NRI)- that is a citizen of India resident outside India (ii) Person of Indian Origin (PIO) The general permission, however, covers only purchase of residential and commercial property and not for purchase of agricultural land/plantation property/farm house in India.
A.1 Under the general permission available, the following categories can freely purchase immovable property in India 1. NRI- Citizen of India resident outside India 2. Person of Indian Origin (PIO)- An individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan), who 3. At any time, in case somone has held Indian passport. 4. Who or either of whose father or grandfather was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955). The general permission, however, covers only purchase of residential and commercial property and not for purchase of agricultural land / plantation property / farm house in India.
A.1 Under the general permission available, the following categories can freely purchase immovable property in India: i) Non-Resident Indian (NRI)- that is a citizen of India resident outside India ii) Person of Indian Origin (PIO)- that is an individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan), who
Related Questions
- What formalities have to be completed by NRI’s to purchase residential immovable property in India under the general permission?
- Do the non-resident Indians require permission from the Reserve Bank of India for the purchase of immovable property in India?
- Are foreign passport holders of Indian origin allowed to purchase immovable property in India?
