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 Requirements By Overseas Clients for Residential Property in India.
Foreign Investment Issues
One of the Indian Government's principal trade objectives is to capture the benefits of trade liberalisation and international investment for India by pursuing a multi-faceted trade policy of progressing complementary multilateral, regional and bilateral partnerships.

The Foreign Investment Policy Board (FIPB) is responsible for investments by overseas and foreign multinational companies in India. Rules and regulations for owning and leasing of land by foreign companies are governed by the Reserve Bank of India from time to time.

Under the general permission granted by Reserve Bank properties other than agricultural land / farm house / plantation property can be acquired by foreign citizens of Indian origin provided the purchase consideration is met either out of inward remittances in foreign exchange through normal banking channels or out of funds from the purchasers' NRE/FCNR accounts maintained with banks in India and a declaration is submitted to the Central Office of Reserve Bank in form IPI 7 within a period of 90 days from the date of purchase of the property/final payment of purchase consideration.

The capacity to invest in India by foreign economies is increasingly becoming as important to global growth as the capacity to trade increases. India is one of the preferred destinations for setting business be it in manufacturing sector or service industries like Software, Telecommunications, IT enabled services etc.

The natural outgrowth of this increase trade is requirement of good quality residential premises for the purpose of their emloyees in India and for those coming from overseas to look after the Indian Operations and that is where Coldwell Banker®  Goodwill Consultants steps in.

According to the United Nations, there are 65,000 transnational corporations, with approximately 850,000 foreign affiliates across the globe. Sales by foreign affiliates in 2001, of almost US$19 trillion, were more than twice as high as world exports, while they were roughly equal in 1990.

Accordingly, bilateral free trade agreements (and to some extent multilateral agreements) now perform a larger role than just the removal of trade barriers. They are an instrument to promote two-way investment and to define investment parameters.

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