Question about foreign national investing in Real Estate in India
Posted: Fri May 21, 2010 10:15 pm
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
"
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
"