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Home > Forum > Mumbai > Legal > Are there any restrictions or additional formalities for buying and registration

Are there any restrictions or additional formalities for buying and registration

Q: My client is Indian with British Pass port. He would like to buy residential and commercial property in Mumbai. Cost of Residential property is about 5 Cr. and commercial will also be in the same range or little more than that. Are there any restrictions or additional formalities for buying and registration.

nri
residential properties in mumbai
commercial properties in mumbai
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Replies (1)
1
Except agricultural land, a person of Indian origin (PIO) can buy property in India. All the payments should be made through money held in NRE NRO accounts or through normal banking channels.
Vasanth


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