Under the standard permission granted by RBI, the following categories can freely buy immovable property in India -
- Non-Resident Indian (NRI) - that is a citizen of India living outside India.
- Person of Indian Origin (PIO) - that is an individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan), who at any time, kept Indian passport or
- Indian citizens abroad for any other purpose in the situations indicating a definite intention to stay outside India for an indefinite period.
- Who or either of whose father or grandfather was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955)
The general permission, however, covers only purchase of residential and commercial property and not for purchase of agricultural land/plantation property/farm house in India. OCI can buy immovable property in India except agricultural land/plantation property/farmhouse.