2007-03-12 05:39:13 · 5 answers · asked by njshesm 1 in Business & Finance ➔ Renting & Real Estate
Immovable property comprises
1)Land-a)Agriculture-Even resident Indians who are not farmers can not purchse agriculture land
b)Non-agriculture-Foreign multinationals in association with resident/Indian companies can purchase after due permission
2)Residential /Industrial properties-Foreign multinationals in association with resident/Indian companies can purchase after due permission
2007-03-12 19:01:47 · answer #1 · answered by balkrishna c 4 · 0⤊ 0⤋
To day ourIndia is made an open market. So manyNRI parties are doing purchesing the immovable property in our
India. Govt. of India are getting huge revenue. Why not purchese the NRI parties. so many special schems are being made for NRI for purchesing the immovable property. ournationalsied banking sectors are much more interested.
2007-03-12 08:02:59 · answer #2 · answered by diprodiptaBanerjee 3 · 0⤊ 0⤋
Non Indians are not allowed to freely to aquire property in India:
They have to get RBI permission and there must be provision in selling to other country people
2007-03-13 14:44:02 · answer #3 · answered by ar.samy 6 · 0⤊ 0⤋
of direction you are able to. the those that suggested no, do not recognize what they're speaking approximately. i became into born and bred in London (uk) and over right here there are maximum of opportunities for individuals to purchase property in places like Goa and Bangalore.
2016-12-18 11:43:34 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Yes, with the permission of GOI and RBI.
2007-03-12 17:55:16 · answer #5 · answered by Anonymous · 0⤊ 0⤋