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Reporting to RBI before/after buying an apartment in India...
Posted: Sun May 01, 2011 10:58 pm
by NewAshe
I have read some conflicting articles regarding the reporting requirement to RBI for a foreign citizen buying a property in India. Since a PIO/OCI holder is granted NRI status the requirement may be different. Can any one with good knowledge shed some light on the requirement to report the buying/selling of property (Apartment, plots etc) by a non Indian Citizen in India? :confused:
Reporting to RBI before/after buying an apartment in India...
Posted: Mon May 02, 2011 1:56 am
by bmukherji
NewAshe;385880I have read some conflicting articles regarding the reporting requirement to RBI for a foreign citizen buying a property in India. Since a PIO/OCI holder is granted NRI status the requirement may be different. Can any one with good knowledge shed some light on the requirement to report the buying/selling of property (Apartment, plots etc) by a non Indian Citizen in India? :confused:
May be this can help
Acquisition and Transfer of Immovable Property in India by a person resident outside India
http://www.rbi.org.in/scripts/FAQView.aspx?Id=33#1
Reporting to RBI before/after buying an apartment in India...
Posted: Thu May 05, 2011 11:19 pm
by dbs
Nice to see you back.
It has been a long time. No!