Responsive image

NRIs


Can foreign citizens of Indian origin acquire or dispose of residential property by way of gift?


Can Indian companies grant loans to their NRI staff?


Can NRIs obtain loans for acquisition of a house/flat for residential purpose from financial institutions providing housing finance?


Can sale proceeds of such property be remitted out of India?


Can sale proceeds of such property if and when sold be remitted out of India?


Can such property be sold without the permission of Reserve Bank?


Can the properties (residential/commercial) be given on rent if not required for immediate use?


Do foreign citizens of Indian origin require permission of Reserve Bank to purchase immovable property in India for their residential use?


Do non-resident Indian citizens require permission of Reserve Bank to acquire residential/commercial property in India?


In what manner the purchase consideration for the residential immovable property should be paid by foreign citizens of Indian origin under the general permission?