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NRI PROPERTY REGULATIONS

FAQ on liberal provisions for purchase & repatriation of sale proceeds upto 1 million USD per annum Q.1. Is a Non Resident eligible to purchase immovable property in India? A.1. Under the general permission granted by the Reserve Bank of India (RBI), every NRI being a citizen of India or a Person of Indian Origin (PIO), that is an individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or...

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