Foreign Citizens and Property Ownership in India: Expert Advice

property ownership India foreign citizens

L'essentiel

Foreign citizens can jointly own property in India if they hold an OCI card and the property is a gift from a close relative.
Non-OCI cardholders may need RBI approval or can inherit via a will.
For purchases, OCI cardholders should buy in their name for easier repatriation of funds.

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Foreign citizens can jointly own property in India if they hold an OCI card and the property is a gift from a close relative. Non-OCI cardholders may need RBI approval or can inherit via a will. For purchases, OCI cardholders should buy in their name for easier repatriation of funds.

Read the full article on Economic Times

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This article was originally published by Economic Times.

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