Question about foreign national investing in Real Estate in India

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r2iby2007
Posts: 80
Joined: Tue May 15, 2007 3:43 pm

Question about foreign national investing in Real Estate in India

Post by r2iby2007 »

Hello,

I read an article in Times of India about foreign nationals purchasing residential property. . I am giving below the relevant section

"Foreign citizens of Indian origin, purchasing residential property in India under the general permission are required to file a declaration with the central office of the RBI at Mumbai within a period of 90 days from the date of purchase of the property or final payment of purchase consideration along with a certified copy of the document evidencing the transaction and bank certificate regarding the consideration paid."

My questions are:

1. Can someone who has done the above, please let me know, how to get bank certificate?
2. I purchased a site and I only have sale deed. How to get certified copy to file with RBI?

Thank you

SSPP
"
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