OCI ( Overseas Citizen of India ) buying property in India

Network (Self Employed) (51 Points)

25 June 2025  

he below questions are in the context of of a foreign citizen but having OCI buying property in India.

  1. Is a PAN card mandatory for an OCI  living abroad to buy property in India ?
  2. Is an OCI eligible to buy property in the name of his major children with OCI card ( above age of 18 ) and rent out property in India ?
  3. Will an OCI get the LTCG benefit of section 54 of the income tax if he decides to sell his property and invest in another residential property ?
  4. If the OCI had bought the property when he was a resident of India, but currently is a tax resident of his country of his citizenship and is about to register the property , then are there any RBI regulations to follow for registration or is the process similar to that of a resident Indian ?