What's the difference between OCIs and NRIs when buying land in India, and what each can or cannot do.
NRI (Non-Resident Indian): an Indian citizen residing outside India.
OCI (Overseas Citizen of India): a foreign national of Indian origin who holds an OCI card.
Both NRIs and OCIs can buy residential and commercial property in India under FEMA without RBI permission.
Neither NRIs nor OCIs can buy agricultural land, plantation property or farmhouses (these can only be inherited).
Payment must be made through normal banking channels in INR from NRE / NRO / FCNR accounts.
Both can resell to Indian residents, NRIs or OCIs. Sale to a foreign national of non-Indian origin requires RBI approval.
Janaharsha plots in Ibrahimpatnam are residential and therefore can be purchased by both NRIs and OCIs subject to standard documentation.
Buyers researching Janaharsha plots in Ibrahimpatnam can contact RRP Realty for layout-wise availability, pricing and site visits.
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