221. British citizen buy property in India

Q. Can a British citizen buy a property from a housing society? A. A British citizen needs to get RBI permission to buy property in India. However a British citizen of Indian origin can buy residential property in India. Regards to your specific question about buying from a housing society, this would depend on the society rules and regulations. Some housing societies are quite rigid and I have heard of cases where sales to some minorities are not allowed even though such rules may be considered to be discrimination. Courts are slow in India and often such things are hard to prove.
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
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221. British citizen buy property

in India

Q. Can a British citizen buy a property from a housing society? A. A British citizen needs to get RBI permission to buy property in India. However a British citizen of Indian origin can buy residential property in India. Regards to your specific question about buying from a housing society, this would depend on the society rules and regulations. Some housing societies are quite rigid and I have heard of cases where sales to some minorities are not allowed even though such rules may be considered to be discrimination. Courts are slow in India and often such things are hard to prove.
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
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