aligarh builders

    Faq´s

    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.