Reporting to RBI before/after buying an apartment in India...

NewAshe · Post by **NewAshe** » Sun May 01, 2011 10:58 pm

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:

bmukherji · Post by **bmukherji** » Mon May 02, 2011 1:56 am

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

dbs · Post by **dbs** » Thu May 05, 2011 11:19 pm

Nice to see you back.
It has been a long time. No!