who is a person resident in India purchase immovable property in India?
A. 23. Yes, but the person concerned would have to obtain the approvals, and fulfil the requirements if any, prescribed by other authorities, such as the concerned State Government, etc However, a foreign national resident in India who is a citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal and Bhutan would require prior approval of Reserve Bank.
Related Questions
- II Acquisition of immovable property in India by way of purchase by a person resident outside India Q.2. Under the extant foreign exchange regulations to whom is general permission available for purchase immovable property in India?
- Can a foreign national who is a person resident in India purchase immovable property in India?
- who is a person resident in India purchase immovable property in India?
