Chapter V - INVESTMENT BY AN INDIVIDUAL PERSON RESIDENT OUTSIDE INDIA INCLUDING A NONRESIDENT INDIAN OR AN OVERSEAS CITIZEN OF INDIA (From Rule 12 to Rule 13)
Long Term visa holder property acquisition limited to one residence and one business property, subject to registration and approval conditions. A citizen of Afghanistan, Bangladesh or Pakistan from specified minority communities residing in India on a Long Term Visa may purchase only one residential immovable for self-occupation and one immovable for self-employment, provided the property is outside notified restricted/protected and cantonment areas, the purchaser declares the source of funds to the district Revenue Authority, registration records the purchaser's nationality and LTV status, property documents are filed with DCP/FRO/FRRO and the Ministry of Home Affairs, and transfers before Indian citizenship require prior approval.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Long Term visa holder property acquisition limited to one residence and one business property, subject to registration and approval conditions.
A citizen of Afghanistan, Bangladesh or Pakistan from specified minority communities residing in India on a Long Term Visa may purchase only one residential immovable for self-occupation and one immovable for self-employment, provided the property is outside notified restricted/protected and cantonment areas, the purchaser declares the source of funds to the district Revenue Authority, registration records the purchaser's nationality and LTV status, property documents are filed with DCP/FRO/FRRO and the Ministry of Home Affairs, and transfers before Indian citizenship require prior approval.
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