Legal Question in Real Estate Law in India
Can a PIO card holder purchase property in India
I am a PIO (Person of Indian Origin) card holder, with a foreign passport. Are there any restrictions to my purchasing property in India for residential use?
3 Answers from Attorneys
Re: Can a PIO card holder purchase property in India
Yes there are few restrictions from the RBI. What nationality you hold currently?
Advice can be formulated on the same facts so please mail or call me.
Re: Can a PIO card holder purchase property in India
Dear Querist,
The required details are available on Master Circular issued by Reserve Bank of India in 2007, which have compiled all the latest amendmends in this regard.Please send your e-mail id at [email protected], to enable us provide you zist as well as send master circular in the matter.
Re: Can a PIO card holder purchase property in India
No restriction for purchasing constructed properties purchased without retaining right of repatriation of either amount invested or returns thereon.
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