What formalities have to be completed by foreign citizens of Indian origin to purchase 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 immovable property or final payment of purchase consideration along with a certified copy of the documentary evidence for the transaction and bank certificate for the money paid.
Foreign citizens of Indian origin 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 immovable property or final payment of purchase consideration along with a certified copy of the documentary evidence for the transaction and bank certificate for the money paid.
Related Questions
- What formalities have to be completed by foreign citizens of Indian origin to purchase residential immovable property in India under the general permission?
- How should the purchase consideration for the residential immovable property be paid by foreign citizens of Indian origin under the general permission?
- How should purchase considerations for the residential immovable property be paid by foreign citizens of Indian origin under the general permission?
