Foreign Citizena holding OCI (Overseas Citizens of India) cad can purchase and hold residential and Commercial Properties in India. But they do not have permission to purchase agricultural land, including farmland or any kind of plantation property in India...more...
A person resident outside India who is a citizen of India (NRI) can acquire by way of purchase, any immovable property in India other than agricultural land/plantation property/farm house. He can transfer any immovable property other than agricultural or plantation property or farm house to...more..
Who is NRI - A 'Non-resident Indian' (NRI) is a person resident outside India who is a citizen of India...more..
Following is the chart showing comparison of Non Resident India, Person of Indian Origin and Overseas Citizen of India...more..
Important Case Laws, Citations