Under the general permission to Non-Resident Indians holding foreign passports, The Reserve Bank of India has allowed them to acquire, hold, transfer or dispose of by way of sale or inheritance, immovable properties situated in India. The general permission is granted, provided:

•	The property is for the purchaser's bonafide residential use.
•	The purchase consideration is met either from funds abroad through normal banking channels or out of NRE / FCNR account or out of FCNR special deposit account.
•	Income accruing by way of rent from the properties purchased or acquired by inheritance will not be allowed to be repatriated abroad, even if the purchase consideration was met out of NRE / FCNR account.