152. OCI - Buying Property in India
Q. Can an OCI purchase property in India? Can the OCI make payment for that property from the money that comes from outside India? A. Overseas citizens of India (OCI) can purchase property in India except agricultural land. When sending money to India for property purchases, use only legal banking channels so that there is proper documentation of the money transfer. Try and make maximum payment for the property also by legal banking channels. This will help you in the long run avoid a lot of problems and to some extent safeguard your investment.
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional
accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been
stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail.
© Copyright 2006 Nriinformation.com
NRI - OCI - PIO Guide & Information
152. OCI - Buying Property in
India
Q. Can an OCI purchase property in India? Can the OCI make payment for that property from the money that comes from outside India? A. Overseas citizens of India (OCI) can purchase property in India except agricultural land. When sending money to India for property purchases, use only legal banking channels so that there is proper documentation of the money transfer. Try and make maximum payment for the property also by legal banking channels. This will help you in the long run avoid a lot of problems and to some extent safeguard your investment.
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