Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do foreign citizens of Indian origin require permission of the Reserve Bank to purchase immovable NRI property in India for their residential use?

Bank citizens foreign immovable indian origin permission purchase require Reserve
0
Posted

Do foreign citizens of Indian origin require permission of the Reserve Bank to purchase immovable NRI property in India for their residential use?

0 CommentsAdd a Comment

1 Answer

0

Yes. However, the Reserve Bank has granted general permission to NRI citizens, whether resident in India or abroad, to purchase immovable preperty in India for their bona fide residential purpose. They are, therefore, not required to obtain separate permission of The Reserve Bank.

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.