Who is eligible to buy immovable property in India

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

Answer(s)

Raju Kanumuri: 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, Nepal, and Bhutan, can also buy immovable properties in India, if, (i) he/she, at any time, held Indian passport or (ii) whose father or whose grandfather was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955).

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