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India is a land of opportunity that places premium on enterprise and creativity.I invite you, the Overseas Indians, to make use of the investment and business opportunities that india now offers. This is the time for all of us to become strategic partners in India's progress. By Dr. Manmohan Singh, Hon'ble Prime Minister of India
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Can a US citizen NRI invest in real estate in India? Does one need to obtain PIO or OCI status before the investment in India?
Published on: Apr 08, 2010, Last updated on: Apr 08, 2010
Categories: Investment Sectors, Real Estate, Source: Knowledge Partner
Answered by: Peeyush Aggarwal & Co. Consultants Private Limited
A You are the Person of Indian Origin (PIO). PIO can invest in real estate in his name. There is no need to apply for OCI/PIO card for buying the property. But obtaining the same would always be helpful from the execution point of view.
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