Can a person who had bought immovable property when he was a resident, continue to hold such property even after becoming an NRI’PIO?

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Yes, he can continue to hold the residential/commercial property / agricultural land/ plantation property / farm house in India without the approval of the Reserve Bank. Immovable property is an immovable object, an item of property that cannot be moved without destroying or altering it – property that is fixed to the earth, such as… Read more »