Can a Greek citizen buy an apartment in Bangalore online? As far as I know, a Greek citizen or any foreign citizen can buy an apartment in Bangalore. But there are a few things that you need to be aware of.
Foreigners can only purchase residential property in India for self-occupancy. They cannot purchase property for investment purposes or to rent out.
Foreigners can only purchase freehold property, not leasehold property. Freehold property means that the buyer owns the land and the building on it, while leasehold property means that the buyer only owns the building for a certain period of time.
Foreigners must obtain prior permission from the Reserve Bank of India (RBI) to purchase residential property in India. The RBI will consider factors such as the foreigner's income, source of funds, and purpose of purchase before granting permission.
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Can a Greek citizen buy an apartment in Bangalore?
Vijay Prabhakara Menon
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2023-11-13T08:40:20+00:00 2023-11-13T08:56:01+00:00Comment
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