Question
What should be the method of payment for purchasing residential immovable property in India by foreign nationals of Indian origin under the general permission?
Answer
The purchase consideration should be met either out of inward remittances in foreign exchange through normal banking channels or out of funds from NRE/FCNR accounts maintained with banks in India

Question
Do non-resident Indian nationals require permission of Reserve Bank to acquire residential / commercial property in India?
Answer
No permission is required by non-resident Indian nationals to acquire immovable Property in India.

Question
Are foreign nationals of Indian origin allowed to purchase immovable property in India?
Answer
Yes, foreign nationals of Indian origin, whether resident in India or abroad, have been granted general permission to purchase immovable property in India