Citizen - India Investment Property

Tag Archives: Citizen

Facts Regarding Property Dealing With NRI

January 28, 2008 – 5:56 am

There are some queries regarding property dealing with NRI, which always create confusion. The most confusing matter is that when Reserve Bank’s permission is mandatory and when there is no need of all that stuff. Non-resident Indian do not require permission from the Reserve Bank to acquire residential or commercial property. [...]

By Rajani | Posted in Real Estate Information | Also tagged Acquisition, Bank Certificate, Banks In India, Confusion, Fcnr Accounts, Foreign Exchange, Immovable property, Indian Origin, Inward Remittances, Mumbai, Nre, NRI, Proceeds, Property In India, Purchase Consideration, Queries, Repatriation, Reserve bank, Residential Purpose, Rupee Account | Comments (2)

Laws for Possession of Immovable Property in India by a Person Resident Outside India

January 28, 2008 – 5:44 am

Under the law, the following categories can freely purchase immovable property in India:
i) Non-Resident Indian (NRI) - that is a citizen of India resident outside India.
ii) Person of Indian Origin (PIO) - that is an individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal [...]

By Rajani | Posted in Real Estate Information | Also tagged Afghanistan, Agricultural Land, Bangladesh, Bhutan, Citizenship Act, Constitution Of India, Consultation, Government Of India, Immovable property, India Nri, Indian Origin, Indian Passport, Laws, Nepal, NRI, PIO, Property In India, Proposals, Residential Accommodation, State Government | Comments (0)