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Q: Are foreign nationals of Indian origin allowed to buy immovable property in India?

A: A person of Indian origin (PIO) who can claim to have Indian lineage doesn’t require any special permission to buy property in India. However, there is a clause inserted by the Foreign Exchange...

Q: How can foreign nationals of Indian origin make payments for purchasing immovable property in India under the general permission?

A: Foreign nationals of Indian origin who have held Indian passports in the past or who can claim Indian lineage are known as PIOs and are covered under the general permission act to buy property in...

Q: What are the procedures to be completed by foreign nationals of Indian origin for buying immovable property in India?

A: A foreign national of Indian origin is also referred to as a person of Indian origin or a PIO. These are people living abroad who have once held an Indian passport or have relatives of Indian...

Q: Can a foreign national of non-Indian origin resident outside India purchase immovable property in India?

A: No. A foreign national of non-Indian origin, resident outside India cannot purchase any immovable property in India unless such property is acquired by way of inheritance from a person who was...

Q: How can NRI make payment for the purchase of residential property in India?

A: Payment can be made by NRI / PIO out of: * Funds remitted to India through normal banking channels or * Funds held in NRE / FCNR (B) / NRO account maintained in India * No payment can be made...

Q: Who is eligible to buy immovable property in India?

A: According to RBI norms, an NRI can buy any property in India. Any Person of Indian Origin (PIO), an individual not being a citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran,...

Q: Do foreign citizens of Indian origin require the permission of RBI to purchase immovable property in India?

A: Reserve Bank has granted general permission to foreign citizens of Indian origin, whether resident in India or abroad, to purchase immovable property in India for their bona fide residential...

Q: Can authorize dealer grant housing loans to non-residents of Indian nationality where he is a principal borrower with his resident close relative as a co-obligate or where the land is owned jointly by such NRI borrower with his resident close relative?

A: Yes. However, in such cases, the payment of margin money and repayment of the loan installments should be made by the NRI borrower.

Q: What should be the method payment for NRIs/PIOs to purchase property in India?

A: NRIs/PIOs are only allowed to purchase properties by funds remitted/routed through normal banking channels or funds in NRE/FCNR accounts maintained with banks in India.

Q: Can an NRI or PIO buy property in India jointly with other Indian citizens/PIO?

A: Yes, an NRI can buy property in India jointly with other Indian citizens.