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Non-resident Indians holding an Indian passport do not require any permission from RBI for acquiring Immovable Property for bonafide residential purposes as section 31 of FERA 1973 is not applicable to them.

Non-resident Indians holding an Indian passport may pay the purchase consideration either by remittance of funds from abroad through normal banking channels or out of NRO Account or out of NRE Account or out of FCNR Account.



"Seven Hills housing is an Indian conglomerate firm headquartered at Bangalore, Karnataka. We are highly acclaimed for creating residential and commercial establishments in par with quality. Our various real estate services include property development, property maintenance service and infrastructure."