Can an NRI/ PIO/foreign national sell his residential / commercial property?

Property Handling
2016-08-02 12:45

(a) NRI can sell property in India to i) a person resident in India; or ii) an NRI; or iii) a PIO. (b) PIO can sell property in India to i) a person resident in India; or ii) an NRI; or iii) a PIO – with the prior approval of the Reserve Bank (c) Foreign national of non-Indian origin including a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan can sell property in India with prior approval of the Reserve Bank to i) a person resident in India ii) an NRI iii) a PIO

Tags: NRI's
Average rating: 0 (0 Votes)

You can comment this FAQ