What are the formalities required to be completed by the foreign citizens of Indian origin for purchasing residential immovable property in India, under the general permission?
They are required to file a declaration in form IPI 7 with the Central Office of Reserve Bank at Mumbai, within a period of 90 days from the date of purchase of the immovable property, or final payment of purchase consideration, along with a certified copy of the document evidencing the transaction and bank certificate regarding the consideration paid.
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- What are the formalities required to be completed by the foreign citizens of Indian origin for purchasing residential immovable property in India, under the general permission?
- What are the formalities required to be completed by foreign citizens of Indian origin for purchasing residential immovable property in India?
