Real Estate India: What is an elegibility criteria for a PIO card?

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Question asked by Mr Mishaal from Africa:

HI,

I am a person of Indian origin but me and my family have been in Africa since 2 generations. My mother was born in India but we are unable to trace her birth certificate.

I have my 1st cousins in India in Bombay. Is there any way in which I can be elegible for a PIO card. If not, what is the alternate option for Investing in India

Regards
Mr Mishaal, Africa

Vatsala Answers:

Getting a PIO card is secondary. A person of Indian origin is defined as a person who has held an Indian passport at any time, or whose father or grandfather was a citizen of India. A person of Indian origin, can purchase property (except agricultural land) anywhere in India. No formalities are required except when sale proceeds are to be repatriated. Funds for purchase should be routed through normal banking channels. Spouses of Indian citizens are not considered as PIO’s.

Vatsala
http://www.atoneplace.com

For more information, kindly visit at Real Estate India or Online Real Estate Video.

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