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NRIs get more concern from the Govt

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Looking to the interest of the NRIs at the realty circuit of the country, Govt. has decided to put some liberalize norms for the incoming investments. According to the source of www.propertykhazana.com, many new declarations have been modified by the Reserve Bank of India to encourage the liquidity flow from the NRIs across the globe to the Indian market.
First of all coming to the criteria of purchasing any immovable property in India the guidelines declare that the interested NRI should be definitely a citizen of India. Secondly the interested party should absolutely come under the category of Person of Indian Origin (PIO) rather he should not be in connection with any migration issues according to the Citizenship Act, 1955. Source of www.propertykhazana.com also reveals that this permissions are valid only for the dealings of residential or other commercial properties but it is not applicable to buy any agricultural or farm or any other kind of plantation occupation. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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