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NRIs, OCIs don't need RBI's approval for buying immovable property in India

NRIs, OCIs don't need RBI's approval for buying immovable property in India

Dec 30, 2021, at 06:26 am

Mumbai/IBNS: The Reserve Bank of India (RBI) has said NRIs and OCIs do not need its prior permission for the sale and transfer of immovable properties in India, other than agricultural land, farm houses, plantation properties.