Foreigners property in India
asher
(Querist) 20 November 2015
This query is : Resolved
A Sweden citizen purchased a house property in 1978. But he didn't obtained RBI permission. Now one of his neighborhood threatening him that the sale is void. Is this a serious problem??? Whether any idea or case laws on his side for safe????
P. Venu
(Expert) 21 November 2015
The aggrieved person(s) need to approach the competent authority or the Court. They cannot take Law in their hands.
Rajendra K Goyal
(Expert) 21 November 2015
A foreign national of non-Indian origin resident outside India cannot buy any immovable property in India. It is illegal for foreign nationals to own property in India unless they satisfy the residency requirement of 183 days in a financial year (a tourist visa lasts for 180 days). It is also illegal to buy property on a tourist visa.
However, a foreign national resident in India does not require approval of RBI to purchase any immovable property in India. This is because once he is a resident in India, he gets the rights like any other resident. This freedom is however not available to citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal and Bhutan.
http://www.globalpropertyguide.com/Asia/India/Buying-Guide
Kumar Doab
(Expert) 22 November 2015
Agreed with experts.
The swedish citizen may discuss the matter with an able lawyer.
R.K Nanda
(Expert) 22 November 2015
nothing to add more.
K.S.Srinivas
(Expert) 23 November 2015
Agreed with Sri Rajendra K Goyal.
T. Kalaiselvan, Advocate
(Expert) 26 November 2015
What business the neighbor has to threaten the foreigner about this. If at all the neighbor has any grievance he may aproach the authorities to redress hs grievances.
If the threat persists, a complain or a legal otice ma be issued to the neighbor instrucing him to not to interfere in others business.
