{"id":643,"date":"2023-12-22T03:48:50","date_gmt":"2023-12-22T03:48:50","guid":{"rendered":"https:\/\/ozonegroup.com\/newwebsite\/metrozone\/?page_id=643"},"modified":"2024-02-26T02:36:16","modified_gmt":"2024-02-26T02:36:16","slug":"rbi-guidelines","status":"publish","type":"page","link":"https:\/\/ozonegroup.com\/newwebsite\/metrozone\/rbi-guidelines\/","title":{"rendered":"RBI Guidelines"},"content":{"rendered":"\t\t
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RBI Guidelines<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Reserve Bank of India (RBI) Guidelines on NRI Investment in properties in India<\/p>\n\n

\n\nPERMISSION FOR PURCHASE OF RESIDENTIAL PROPERTY \/ COMMERCIAL PROPERTY.<\/strong>\n\nNRIs holding Indian passports\u2014No permission required.\n\nNRIs holding foreign passports\u2014Intimation to RBI via form.\n\nIPI – 7 within 90 days of purchase of property or final payment of consideration.\n\nFunds through NRE\/NRO accounts.\n\n<\/div>\n
\n\nSALE OF PROPERTY.<\/strong>\n\nProperty held by NRIs in India can be sold.\n\nNo permission is required from the Reserve Bank of India.\n\n<\/div>\n
\n\nREPATRIATION OF SALE PROCEEDS.<\/strong>\n\nRepatriation of proceeds from sale of residential property purchased on or after 26th May 1993 is allowed.\n\nThe RBI will consider repatriation of the consideration amount remitted in foreign exchange for the acquisition of 2 properties.\n\nThe sale has to have taken place after 3 years from the date of final purchase deed or from the date of final payment.\n\nApplication of repatriation (IPI-8) has to be done within 90 days of the sale of the property.\n\n<\/div>\n
\n\nINCOME FROM PROPERTY<\/strong>\n\nNRIs can let out immovable property in India.\n\nThe rental income from the investment has to be credited to the NRO account.\n\nSubject to changes from time to time E. & O.E.\n\n<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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RBI Guidelines Reserve Bank of India (RBI) Guidelines on NRI Investment in properties in India PERMISSION FOR PURCHASE OF RESIDENTIAL PROPERTY \/ COMMERCIAL PROPERTY. NRIs holding [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"om_disable_all_campaigns":false,"footnotes":""},"class_list":["post-643","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/ozonegroup.com\/newwebsite\/metrozone\/wp-json\/wp\/v2\/pages\/643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ozonegroup.com\/newwebsite\/metrozone\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ozonegroup.com\/newwebsite\/metrozone\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ozonegroup.com\/newwebsite\/metrozone\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ozonegroup.com\/newwebsite\/metrozone\/wp-json\/wp\/v2\/comments?post=643"}],"version-history":[{"count":10,"href":"https:\/\/ozonegroup.com\/newwebsite\/metrozone\/wp-json\/wp\/v2\/pages\/643\/revisions"}],"predecessor-version":[{"id":831,"href":"https:\/\/ozonegroup.com\/newwebsite\/metrozone\/wp-json\/wp\/v2\/pages\/643\/revisions\/831"}],"wp:attachment":[{"href":"https:\/\/ozonegroup.com\/newwebsite\/metrozone\/wp-json\/wp\/v2\/media?parent=643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}