Purchase of Immovable Property in India by Persons of Indian Origin – Grandmother added!
PERSONS of Indian Origin can buy property in India subject to certain conditions.
Person of Indian Origin is defined as:
an individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan) who
(i) at any time, held an Indian Passport or
(ii) who or either of whose father or whose grandfather was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955).
Now this is amended to read as,
(ii) who or either of whose father or mother or whose grandfather or grandmother was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955).
As is said, “paternity is an opinion while maternity is a fact” – now the fact seems to be recognised.
RBI Circular No. 25/RBI., Dated: January 13, 2010