NRI/Foreigner investment relating to selling and buying a property
NRI/Foreigner investment relating to selling and buying a property
Foreign
national resident in India who is a citizen of other countries
require prior approval.
The
branch o...
Mon, 12 May, 2014 at 5:30 PM
Non-Resident Indian
(“NRI”) and Person of Indian Origin (“PIO”) have general
permission to buy immovable properties of resid...
Mon, 12 May, 2014 at 5:31 PM
Foreign
national of non-Indian origin who is resident outside India cannot
buy or even acquire any immovable property in India ...
Mon, 12 May, 2014 at 5:31 PM
PIOs
require prior permission of RBI to sell properties to another PIO
NRIs
and PIOs require prior permission of R...
Mon, 12 May, 2014 at 5:32 PM
NRIs
have general permission to sell or gift immovable properties of
residential or commercial nature to person resident in Ind...
Mon, 12 May, 2014 at 5:32 PM
Payment
cannot be made by any mode other than by remittance through normal
banking channels or out of funds held in NRE/FCNR (B...
Mon, 12 May, 2014 at 5:32 PM
NRI/PIO
can avail loans subject to a ceiling of Rs. 100 lakhs against NRE
and FCNR (B) deposits under Foreign Exchange Manageme...
Mon, 12 May, 2014 at 5:33 PM