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Permission for purchase of residential property/ commercial property.

1.NRIs holdings Indian passports-No permission required.

2.NRIs holding foreign passports- Intimation to RBI via form

IPI- 7 within 90 days of purchase of property or final payment of consideration.

Funds through NRE/NRO accounts.

http://jsholdings.in/JS-Homes/nris-rbi-guidelines/