Tuesday 21 April 2009

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

(a) NRI can sell property in India to-
  1. a person resident in India or
  2. an NRI or
  3. a PIO.


(b) PIO can sell property in India to

  1. a person resident in India.
  2. an NRI or
  3. a PIO – with the prior approval of Reserve Bank

(c) Foreign national of non-Indian origin including a citizen of Pakistan or Bangaladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan can sell property in India with prior approval of Reserve Bank to

  1. a person resident in India
  2. an NRI
  3. a PIO
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1 comment:

  1. kittitianhill14 June 2011 at 05:44

    You made some good points there.I did a search on the topic and found most people will agree with your blog.Thanks.

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    ReplyDelete

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