Relates to:
...
About http://www.bhiwadigurgaonproperty.com/NRIInfo.htm:
...
Description:
Contact | E-mail Home About Us NRI Info Investment Projects NRI Info Do non-resident Indian citizens require permission of The Reserve Bank to acquire residential/commercial property in India ? No. All Indian citizens are entitled to buy property in India, irrespective of their residential status. Do foreign citizens of Indian origin require permission of the Reserve Bank to purchase immovable property in India for their residential use? Yes. However, the RBI has granted general permission to foreign citizens of Indian origin, whether resident in India or abroad, to purchase immovable property in India for their bona fide residential purpose. They are, therefore, not required to obtain separate permission of The Reserve Bank. Who is a foreign citizen of Indian Origin? A foreign citizen is deemed to be of Indian Origin if : i) he held an Indian Passport at any time or ii) he or his father or paternal grand father was a citizen of India by virtue of the Constitutio...