Foreign national resident buy property in india
This query is : Resolved
saddam khan
(Querist)
22 November 2014
Can a foreign national of non-Indian origin resident outside India purchase immovable property in india, if yes then what is requirement fulfill.
Amol S Joglekar
(Expert)
26 November 2014
Yes the property can be bought with PRIOR permission of RBI.
saddam khan
(Querist)
27 November 2014
thanks for your replay but what is procedure...........
Amol S Joglekar
(Expert)
27 November 2014
Apply to RBI for the permission, describing the nature of ranscation and need for the same.
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