Ans: No, NRIs don't require RBI permission to buy property in India.

Ans: Yes, they are allowed to purchase property in India.

Ans: They can pay using inward remittances in foreign exchange through normal banking channels or funds from NRE/FCNR accounts in Indian banks.

Ans: Yes, they need to file Form IPI 7 with RBI within 90 days of the purchase, along with necessary documents and a bank certificate.

Ans: Yes, but if sold to another foreign citizen of Indian origin, the purchase consideration should be remitted to India or paid from NRE/FCNR accounts.

Ans: No, it must be credited to the owner's ordinary non-resident rupee account. Some restricted remittances are allowed.

Ans: Yes, it can be sold to foreign nationals of Indian origin, with purchase consideration remitted to India or paid from NRE/FCNR accounts.

Ans: For residential properties purchased after May 26, 1993, sale proceeds up to the consideration amount remitted in foreign exchange can be repatriated. Other proceeds must be credited to the owner's non-resident rupee account.

Ans: The sale must occur at least three years after the purchase deed or the payment of final consideration, whichever is later.

Ans: Application in Form IPI 8 should be made to RBI's Central Office in Mumbai within 90 days of property sale.