What formalities have to be completed by foreign citizens of Indian origin to purchase residential immovable property in India under the general permission?
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.
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.
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?